This study aims to examine and analyze the effect of work environment, motivation and work satisfaction on employee performance at the Head Office of one of the regional-owned company in Medan. 137 people were chosen as the sample using a stratified random sampling technique out of 209 people of the population. This descriptive quantitative study applied Multiple Linear Regression Analysis as the analytical technique with a significance level of 5%. The results of this study has revealed that simultaneously work environment, motivation and work satisfaction have a significant effect on the employee performance of the Head Office of one of the regional-owned company in Medan. The partial test shows that each of the work environment, motivation and work satisfaction has a positive and significant effect on the employee performance of the Head Office of one of the regional-owned company in Medan. Since the score of determinant coefficient (R2) is 51.4%, the employee performance variable can be explained by the work environment, motivation and work satisfaction variables while the remaining 48.6% can be explained by other factors which were not examined in this
{"title":"THE EFFECT OF WORK ENVIRONMENT, MOTIVATION, AND WORK SATISFACTION ON EMPLOYEE PERFORMANCE: A CASE STUDY OF ONE OF THE REGIONAL-OWNED COMPANIES IN MEDAN","authors":"Jesicha Onasis Br. Sembiring","doi":"10.59827/jfeb.v1i2.75","DOIUrl":"https://doi.org/10.59827/jfeb.v1i2.75","url":null,"abstract":"This study aims to examine and analyze the effect of work environment, motivation and work satisfaction on employee performance at the Head Office of one of the regional-owned company in Medan. 137 people were chosen as the sample using a stratified random sampling technique out of 209 people of the population. This descriptive quantitative study applied Multiple Linear Regression Analysis as the analytical technique with a significance level of 5%. The results of this study has revealed that simultaneously work environment, motivation and work satisfaction have a significant effect on the employee performance of the Head Office of one of the regional-owned company in Medan. The partial test shows that each of the work environment, motivation and work satisfaction has a positive and significant effect on the employee performance of the Head Office of one of the regional-owned company in Medan. Since the score of determinant coefficient (R2) is 51.4%, the employee performance variable can be explained by the work environment, motivation and work satisfaction variables while the remaining 48.6% can be explained by other factors which were not examined in this","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"179 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72552152","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
R. Putri, D. Nyoman, Sri Werastuti, Eko Saptana, Ernany Dwi Wahyono, Hastuty, Eko Saptana³, Ernany Wahyono⁴, Dwi Hastuty⁵, Laboratorium Riset, Ekonomi
All countries affected by COVID-19 are facing difficult problems in overcoming the outbreak and the socio-economic impacts it has caused. The aim of this research was to determine the effect of a green economy and low carbon development on green growth and multilateral issues. This research is a descriptive research that uses a literature study type or approach. The results of the study reveal that the application of a green economy is able to encourage national economic growth and problems in the multilateral field, as well as improve social welfare. In order for a green economy to be realized for the country, various parties must support policy makers so that a sustainable green economy can be created. The green economy also contributes to maintaining environmental sustainability and forming ecosystems that can be enjoyed by present and future generations.
{"title":"GREEN ECONOMY AND LOW CARBON DEVELOPMENT DRIVE NATIONAL ECONOMIC GROWTH AND IMPROVE SOCIAL WELFARE","authors":"R. Putri, D. Nyoman, Sri Werastuti, Eko Saptana, Ernany Dwi Wahyono, Hastuty, Eko Saptana³, Ernany Wahyono⁴, Dwi Hastuty⁵, Laboratorium Riset, Ekonomi","doi":"10.59827/jfeb.v1i2.67","DOIUrl":"https://doi.org/10.59827/jfeb.v1i2.67","url":null,"abstract":"All countries affected by COVID-19 are facing difficult problems in overcoming the outbreak and the socio-economic impacts it has caused. The aim of this research was to determine the effect of a green economy and low carbon development on green growth and multilateral issues. This research is a descriptive research that uses a literature study type or approach. The results of the study reveal that the application of a green economy is able to encourage national economic growth and problems in the multilateral field, as well as improve social welfare. In order for a green economy to be realized for the country, various parties must support policy makers so that a sustainable green economy can be created. The green economy also contributes to maintaining environmental sustainability and forming ecosystems that can be enjoyed by present and future generations.","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"110 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73606602","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study discusses how information about the environment is related to students' attitudes toward protecting the environment. If the information has valence and credibility, then the information will influence individuals to believe in the events conveyed in the information. Individuals can believe, then take a stand to reject or accept the things that are being told in the information. Valance and credibility are under the theory of information integration. This research was conducted with a qualitative approach and data collection techniques through in-depth interviews. The results of this study show that Communication Science students at UNG choose to receive information through digital media rather than visual, audio, and audiovisual media. It means digital media's value and credibility are more robust than traditional media. Communication Science students also have qualified and high knowledge related to environmental issues. However, students need the behavior to maintain the integrity of nature and protect the environment. Students already have more than enough knowledge about protecting the environment.
{"title":"Integration of Information about Environment News","authors":"Sri Meylan Mantali, N. Talani, Yowan Tamu","doi":"10.59827/jfeb.v1i2.72","DOIUrl":"https://doi.org/10.59827/jfeb.v1i2.72","url":null,"abstract":"This study discusses how information about the environment is related to students' attitudes toward protecting the environment. If the information has valence and credibility, then the information will influence individuals to believe in the events conveyed in the information. Individuals can believe, then take a stand to reject or accept the things that are being told in the information. Valance and credibility are under the theory of information integration. This research was conducted with a qualitative approach and data collection techniques through in-depth interviews. The results of this study show that Communication Science students at UNG choose to receive information through digital media rather than visual, audio, and audiovisual media. It means digital media's value and credibility are more robust than traditional media. Communication Science students also have qualified and high knowledge related to environmental issues. However, students need the behavior to maintain the integrity of nature and protect the environment. Students already have more than enough knowledge about protecting the environment.","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"14 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85987420","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Purpose: If you look at the big picture a society’s culture determines how people behave, respond, and interact with one another and how fast the society can grow as a community. This definition holds true for organizational culture too. The purpose of this research is to find out the impact of organizational culture on employee performance, how engaged employees are at work depends on how happy and comfortable they feel about the organizational culture. Methodology: The method used in this article is a qualitative method, where we describe how organizational culture affects employee performance. The data collection technique is done by observation through articles available on trusted journal pages. Findings: The goal of an organization is to increase level of performance by designing strategies. Based on the results of data analysis, organizational culture helps retain top performance and valuable talent. It creates a culture of engagement and increases employee productivity It makes people happy and excited about the workplace. How culture affects employee engagement about 87% of organizations agree that employee engagement and culture are the two most vital workplace challenges.
{"title":"IMPACT OF ORGANIZATIONAL CULTURE ON EMPLOYEE PERFORMANCE","authors":"Mafrudoh Mafrudoh","doi":"10.59827/jfeb.v1i2.76","DOIUrl":"https://doi.org/10.59827/jfeb.v1i2.76","url":null,"abstract":"Purpose: If you look at the big picture a society’s culture determines how people behave, respond, and interact with one another and how fast the society can grow as a community. This definition holds true for organizational culture too. The purpose of this research is to find out the impact of organizational culture on employee performance, how engaged employees are at work depends on how happy and comfortable they feel about the organizational culture. Methodology: The method used in this article is a qualitative method, where we describe how organizational culture affects employee performance. The data collection technique is done by observation through articles available on trusted journal pages. Findings: The goal of an organization is to increase level of performance by designing strategies. Based on the results of data analysis, organizational culture helps retain top performance and valuable talent. It creates a culture of engagement and increases \u0000employee productivity It makes people happy and excited about the workplace. How culture affects employee engagement about 87% of organizations agree that employee engagement and culture are the two most vital workplace challenges.","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"71 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76082040","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The increasing amount of plastic waste that threatens the sustainability of ecosystems and has adverse effects on the environment and health needs to be addressedcollectively. One solution that can be offered is to replace the use of plastic bags with eco-friendly shopping bags. Eco-friendly shopping bags are made of recyclable environment materials, thus helping to reduce plastic waste that pollutes the environment. This study aims to identify the factors that influence the purchasing decision of eco-friendly shopping bags, considering green awareness factors through causal and mediation testing. The data analysis method used in this study is the Structured Equation Model (SEM) using the Smart PLS application. Sampling was carried out using purposive sampling method, and 153 research samples were obtained. Respondents in this study were consumers who have purchased shopping bag products at Alfamart stores throughout the Solo Raya region. The results show that green rerceived value and green brand image have a positive and significant effect on purchase decision through green awareness as an intervening variable. This study implies that Alfamart needs to initiate a strategy to increase green perceived value and green brand image through green awareness so that it can influence the purchasing decision of eco-friendly shopping bags. With the increase in the number of eco-friendly shopping bag users, it is expected to reduce the use of plastic bags that can have a detrimental impact on the environment.
{"title":"ANTECEDENTS OF PURCHASING ECO-FRIENDLY SHOPPING BAGS: THE MEDIATION ROLE OF GREEN AWARENESS","authors":"Puspa Novita Sari, L. Karsono","doi":"10.59827/jfeb.v1i2.71","DOIUrl":"https://doi.org/10.59827/jfeb.v1i2.71","url":null,"abstract":"The increasing amount of plastic waste that threatens the sustainability of ecosystems and has adverse effects on the environment and health needs to be addressedcollectively. One solution that can be offered is to replace the use of plastic bags with eco-friendly shopping bags. Eco-friendly shopping bags are made of recyclable environment materials, thus helping to reduce plastic waste that pollutes the environment. This study aims to identify the factors that influence the purchasing decision of eco-friendly shopping bags, considering green awareness factors through causal and mediation testing. The data analysis method used in this study is the Structured Equation Model (SEM) using the Smart PLS application. Sampling was carried out using purposive sampling method, and 153 research samples were obtained. Respondents in this study were consumers who have purchased shopping bag products at Alfamart stores throughout the Solo Raya region. The results show that green rerceived value and green brand image have a positive and significant effect on purchase decision through green awareness as an intervening variable. This study implies that Alfamart needs to initiate a strategy to increase green perceived value and green brand image through green awareness so that it can influence the purchasing decision of eco-friendly shopping bags. With the increase in the number of eco-friendly shopping bag users, it is expected to reduce the use of plastic bags that can have a detrimental impact on the environment.","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"9 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79594547","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Unemployment in Indonesia is a problem with an urgency to provide a solution to improve social life. As unemployment increases, the poverty rate also increases. The purpose of this study is to identify and explain and overcome poverty and unemployment in Indonesian society. Efforts to reduce the unemployment rate and concomitantly reduce the poverty rate are equally important. The results of the study recommend that policy making in handling unemployment in Indonesia focuses more on microeconomic factors. This research is expected to contribute to the analysis of the unemployment rate in Indonesia in the study of business and microeconomics.
{"title":"THE STUDY OF UNEMPLOYMENT IN BUSINESS PERSPECTIVE IN INDONESIA","authors":"Ega Leovani, F. H. Ismadi","doi":"10.59827/jfeb.v1i2.78","DOIUrl":"https://doi.org/10.59827/jfeb.v1i2.78","url":null,"abstract":"Unemployment in Indonesia is a problem with an urgency to provide a solution to improve social life. As unemployment increases, the poverty rate also increases. The purpose of this study is to identify and explain and overcome poverty and unemployment in Indonesian society. Efforts to reduce the unemployment rate and concomitantly reduce the poverty rate are equally important. The results of the study recommend that policy making in handling unemployment in Indonesia focuses more on microeconomic factors. This research is expected to contribute to the analysis of the unemployment rate in Indonesia in the study of business and microeconomics.","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"10 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85762801","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
(Excise on Tobacco Products (CHT) as the largest contributor to the Indonesian economy when compared to other excisable goods reaches 96% so it is considered quite effective to improve the country's economy. CHT has increased every year with the aim of controlling the negative impact of cigarette consumption and relaxing the success of the High Risk Excise Control (PBHT) in eradicating illegal cigarettes. This study aims to analyze the impact of the CHT increase on sectoral output and Gross Domestic Product. The method of analysis in this study is Input-Output using the 2010 IO table (updated in 2019). The classification of the Input Output table is 185 sectors and aggregated into 21 sectors. The analysis in this study is multiplier analysis, distribution and linkage. The result is that the increase in CHT on the tobacco product processing industry has no impact on the national economy as a whole, so it is better for the CHT increase regulation to remain in effect. The government must supervise related parties in the production of the cigarette industry so that fraud does not occur if the CHT increase is still in effect.
{"title":"IMPACT OF TOBACCO EXCISE ON SECTORAL OUTPUT AND GROSS INCOME OF INDONESIA : AN APPLICATION OF INPUT OUTPUT ANALYSIS","authors":"Riza Indah Pramesti, E. Gravitiani","doi":"10.59827/jfeb.v1i2.68","DOIUrl":"https://doi.org/10.59827/jfeb.v1i2.68","url":null,"abstract":"(Excise on Tobacco Products (CHT) as the largest contributor to the Indonesian economy when compared to other excisable goods reaches 96% so it is considered quite effective to improve the country's economy. CHT has increased every year with the aim of controlling the negative impact of cigarette consumption and relaxing the success of the High Risk Excise Control (PBHT) in eradicating illegal cigarettes. This study aims to analyze the impact of the CHT increase on sectoral output and Gross Domestic Product. The method of analysis in this study is Input-Output using the 2010 IO table (updated in 2019). The classification of the Input Output table is 185 sectors and aggregated into 21 sectors. The analysis in this study is multiplier analysis, distribution and linkage. The result is that the increase in CHT on the tobacco product processing industry has no impact on the national economy as a whole, so it is better for the CHT increase regulation to remain in effect. The government must supervise related parties in the production of the cigarette industry so that fraud does not occur if the CHT increase is still in effect.","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"146 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86838299","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study aims to measure how the Indonesian capital market reacts to the announcement of the implementation of the 11 July 2021 Community Activity Restrictions. This research uses an event study as an approach. The population in this study was LQ45 for the period June - July 2020. The sampling technique used purposive sampling with 45 companies as the selected sample. This study uses the variable average abnormal return as a variable and trading volume activity. Wilcoxon signed rank is used as a test tool with the results of this study showing that there is no significant difference in the average abnormal return before and after the announcement of PPKM because it has test results with a value of 0.148> 0.05. In addition, this study shows that there is no significant difference in trading volume activity before and after the announcement of the PPKM. This is shown from the results of the Wilcoxon signed rank significance test which has a value of 0.743 > 0.05. The implications of research can provide information and benefits to decision makers regarding the impact of the information content of an event on stock prices. For investors it can be used as a signal in their taking action on the capital market
{"title":"CAPITAL MARKET REACTIONS TO THE ANNOUNCEMENT OF PPKM IMPLEMENTATION (EMPIRICAL STUDY at COMPANY in LQ45 INDEX)","authors":"Andhika Yanuardan Utomo, Siti Atikah, Robith Hudaya","doi":"10.59827/jfeb.v1i2.77","DOIUrl":"https://doi.org/10.59827/jfeb.v1i2.77","url":null,"abstract":"This study aims to measure how the Indonesian capital market reacts to the announcement of the implementation of the 11 July 2021 Community Activity Restrictions. This research uses an event study as an approach. The population in this study was LQ45 for the period June - July 2020. The sampling technique used purposive sampling with 45 companies as the selected sample. This study uses the variable average abnormal return as a variable and trading volume activity. \u0000 \u0000Wilcoxon signed rank is used as a test tool with the results of this study showing that there is no significant difference in the average abnormal return before and after the announcement of PPKM because it has test results with a value of 0.148> 0.05. In addition, this study shows that there is no significant difference in trading volume activity before and after the announcement of the PPKM. This is shown from the results of the Wilcoxon signed rank significance test which has a value of 0.743 > 0.05. \u0000 \u0000The implications of research can provide information and benefits to decision makers regarding the impact of the information content of an event on stock prices. For investors it can be used as a signal in their taking action on the capital market","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"381 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74372015","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-31DOI: 10.17261/pressacademia.2023.1655
Khamis M. Bilbeisi, C.R. Narayanaswamy
Purpose- After several attempts that extended over two years, in 2017 the U.S. Federal Trade Commission approved Walgreens’ proposal to buy nearly half of Rite Aid stores. The two companies were in the same line of business making the merger fall in the category of horizontal mergers. The main benefits of horizontal mergers are cost savings from improved operational efficiency and superior bargaining power with respect to suppliers. Using annual financial statements, we examined the performance of Walgreens and Rite Aid over the four-year period since the acquisition of Rite Aid stores by Walgreens. The examination is useful because the Federal Trade Commission was not in favor of Walgreens’ earlier proposal to merge completely with Rite Aid, but later allowed it to buy almost half of Rite Aid stores. The present study examines whether the revised proposal benefitted both Walgreens and Rite Aid. Methodology- We collected annual financial statement data of the two companies from Mergent database and analyzed the common size statements and the relevant financial ratios. Findings- Analysis of profitability ratios indicate profit margins (gross as well as net) continued to decrease for both companies even after the acquisition. Both companies showed improved operational effeciency as reflected in Inventory Turnover and employee productivity, but Walgreens had a superior performance. Conclusion- Only four years have passed since Walgreens acquired Rite Aid stores. Our analysis of the limited data indicates that Walgreens seems to have benefitted more from the deal. Rite Aid, by selling about 46% of its stores to Walgreens in 2017, became a much smaller company. The smaller size did not affect the cost of inventory or financing, but its profitability did not improve. Keywords: Walgreens, Rite Aid, drugstores, pharmacies, mergers JEL Codes: G34, M41, M10
{"title":"Did walgreens and rite aid benefit from their 2017 deal","authors":"Khamis M. Bilbeisi, C.R. Narayanaswamy","doi":"10.17261/pressacademia.2023.1655","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1655","url":null,"abstract":"Purpose- After several attempts that extended over two years, in 2017 the U.S. Federal Trade Commission approved Walgreens’ proposal to buy nearly half of Rite Aid stores. The two companies were in the same line of business making the merger fall in the category of horizontal mergers. The main benefits of horizontal mergers are cost savings from improved operational efficiency and superior bargaining power with respect to suppliers. Using annual financial statements, we examined the performance of Walgreens and Rite Aid over the four-year period since the acquisition of Rite Aid stores by Walgreens. The examination is useful because the Federal Trade Commission was not in favor of Walgreens’ earlier proposal to merge completely with Rite Aid, but later allowed it to buy almost half of Rite Aid stores. The present study examines whether the revised proposal benefitted both Walgreens and Rite Aid. Methodology- We collected annual financial statement data of the two companies from Mergent database and analyzed the common size statements and the relevant financial ratios. Findings- Analysis of profitability ratios indicate profit margins (gross as well as net) continued to decrease for both companies even after the acquisition. Both companies showed improved operational effeciency as reflected in Inventory Turnover and employee productivity, but Walgreens had a superior performance. Conclusion- Only four years have passed since Walgreens acquired Rite Aid stores. Our analysis of the limited data indicates that Walgreens seems to have benefitted more from the deal. Rite Aid, by selling about 46% of its stores to Walgreens in 2017, became a much smaller company. The smaller size did not affect the cost of inventory or financing, but its profitability did not improve. Keywords: Walgreens, Rite Aid, drugstores, pharmacies, mergers JEL Codes: G34, M41, M10","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135305803","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-31DOI: 10.17261/pressacademia.2023.1712
Ibrahim Almusattar, Dilek Teker
Purpose- There is a wide range of literatüre that study the relation between corporate governance and financial capability of firms. Choudhury & Alam (2013) defines corporate governance as the relationship between corporate management, executives, the providers of equity, and people and institutions who save and invest their money to get a return. Reddy et al (2013) claimed that a good corporate governance system allows companies to have easier access to resources, lower costs of capital, enhance stakeholder reputation and improve organisational performance. The purpose of this study is to examine the relationship between the performance of commercial banks in the UK with internal corporate governance elements. Thus, the listed commercial banks that works in the UK London Stock Exchange (LSE) considered as sample of this study. Hence, using availability data of the Financial Times Stock Exchange 350 (FTSE 350) companies including banks that operate in LSE, the period (2011-2020). Methodology- The study employs a sample of banks trading on (LSE) in the UK, the study uses the quantitative research method, and the data is collected by using DataStream databases, as well as annual reports of listed banks in( LSM). The hypothesis has been tested and analysed by using multivariate fixed-effect regression to examine the relationship between corporate governance mechanisms and the financial performance of FTSE350-listed banks. Followed by robustness tests performed on the relationships to reveal any statistical issue that can change or deform the results of the study. The banks' performance was measured by using Return on Assets Ratio (ROA), Return on Equity (ROE), and TOBIN’s Q. While, corporate governance variables are board size, board independence, board meeting, board female, audit committee independence, audit committee meeting, audit committee financial expertise, ownership concentration, and ownership institutional. Moreover, the study implemented a control variable which is based on the previous literature such as leverage, bank size, bank age, and capital adequacy ratio. Findings- The result of this study shows that corporate governance's effect on bank performance depends on the performance measure as well as the governance attribution examined. In general, corporate governance dynamics show a negative correlation with all banks' performance proxies except ownership structure (ownership concentration, Institutional Investors) Concerning control variables dynamics indicate a negative correlation except capital adequacy. Conclusion- There is increasing interest in the study of corporate governance and its impact on financial and non-finance firms' performance crosse the world. As mentioned earlier the many objectives of the study is to determine the relationship between corporate governance and bank performance in the UK. Based on the analysis the study concluded that banks operating in the UK would improve their performance with less board
{"title":"The interaction between corporate governance and financial performance: an Implementation for the UK Banks","authors":"Ibrahim Almusattar, Dilek Teker","doi":"10.17261/pressacademia.2023.1712","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1712","url":null,"abstract":"Purpose- There is a wide range of literatüre that study the relation between corporate governance and financial capability of firms. Choudhury & Alam (2013) defines corporate governance as the relationship between corporate management, executives, the providers of equity, and people and institutions who save and invest their money to get a return. Reddy et al (2013) claimed that a good corporate governance system allows companies to have easier access to resources, lower costs of capital, enhance stakeholder reputation and improve organisational performance. The purpose of this study is to examine the relationship between the performance of commercial banks in the UK with internal corporate governance elements. Thus, the listed commercial banks that works in the UK London Stock Exchange (LSE) considered as sample of this study. Hence, using availability data of the Financial Times Stock Exchange 350 (FTSE 350) companies including banks that operate in LSE, the period (2011-2020). Methodology- The study employs a sample of banks trading on (LSE) in the UK, the study uses the quantitative research method, and the data is collected by using DataStream databases, as well as annual reports of listed banks in( LSM). The hypothesis has been tested and analysed by using multivariate fixed-effect regression to examine the relationship between corporate governance mechanisms and the financial performance of FTSE350-listed banks. Followed by robustness tests performed on the relationships to reveal any statistical issue that can change or deform the results of the study. The banks' performance was measured by using Return on Assets Ratio (ROA), Return on Equity (ROE), and TOBIN’s Q. While, corporate governance variables are board size, board independence, board meeting, board female, audit committee independence, audit committee meeting, audit committee financial expertise, ownership concentration, and ownership institutional. Moreover, the study implemented a control variable which is based on the previous literature such as leverage, bank size, bank age, and capital adequacy ratio. Findings- The result of this study shows that corporate governance's effect on bank performance depends on the performance measure as well as the governance attribution examined. In general, corporate governance dynamics show a negative correlation with all banks' performance proxies except ownership structure (ownership concentration, Institutional Investors) Concerning control variables dynamics indicate a negative correlation except capital adequacy. Conclusion- There is increasing interest in the study of corporate governance and its impact on financial and non-finance firms' performance crosse the world. As mentioned earlier the many objectives of the study is to determine the relationship between corporate governance and bank performance in the UK. Based on the analysis the study concluded that banks operating in the UK would improve their performance with less board ","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135306673","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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