The study investigates to which extent corporate board characteristics influence the disclosure of Sustainable Development Goals (SDGs) in Omani-listed financial institutions. Using hand-collected data for 34 Omani financial institutions listed on the Muscat Stock Exchange for the period between 2016 and 2020, the study applies multivariate analysis to examine the association between corporate board characteristics and SDGs disclosure following Al Lawati and Hussainey’s (2022) method in measuring SDG variables. Drawing from agency theory and resource dependence theory, our results showed that the independence and financial expertise of the corporate board promote better disclosure of SDGs. On the other hand, gender and nationality diversity of the board were found to be negatively associated with the disclosure of the SDGs. Our paper contributes to the growing literature by being the first study to examine the extent to which corporate board characteristics drive SDGs disclosure in one of the emerging markets. In addition, in our study, we employ the resource dependence theory with the agency theory to investigate our research hypotheses in order to capture the full practice of the SDGs disclosure. The study implies that the characteristics of the corporate board are one of the main determinants of SDGs disclosure in emerging markets. Furthermore, not all boards behave the same with regard to the disclosure of the SDGs, and this behavior is determined by its characteristics. The study recommends that a sustainability committee may be initiated to enhance the disclosure of the SDGs in Omani financial institutions.
{"title":"Does board structure drive Sustainable Development Goals disclosure? Evidence from an emerging market","authors":"Hidaya Al Lawati, Badar Alshabibi","doi":"10.22495/jgrv12i2art15","DOIUrl":"https://doi.org/10.22495/jgrv12i2art15","url":null,"abstract":"The study investigates to which extent corporate board characteristics influence the disclosure of Sustainable Development Goals (SDGs) in Omani-listed financial institutions. Using hand-collected data for 34 Omani financial institutions listed on the Muscat Stock Exchange for the period between 2016 and 2020, the study applies multivariate analysis to examine the association between corporate board characteristics and SDGs disclosure following Al Lawati and Hussainey’s (2022) method in measuring SDG variables. Drawing from agency theory and resource dependence theory, our results showed that the independence and financial expertise of the corporate board promote better disclosure of SDGs. On the other hand, gender and nationality diversity of the board were found to be negatively associated with the disclosure of the SDGs. Our paper contributes to the growing literature by being the first study to examine the extent to which corporate board characteristics drive SDGs disclosure in one of the emerging markets. In addition, in our study, we employ the resource dependence theory with the agency theory to investigate our research hypotheses in order to capture the full practice of the SDGs disclosure. The study implies that the characteristics of the corporate board are one of the main determinants of SDGs disclosure in emerging markets. Furthermore, not all boards behave the same with regard to the disclosure of the SDGs, and this behavior is determined by its characteristics. The study recommends that a sustainability committee may be initiated to enhance the disclosure of the SDGs in Omani financial institutions.","PeriodicalId":15974,"journal":{"name":"Journal of Governance and Regulation","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135180986","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}
Hoan Nguyen, Dinh Huong Hoang, Duc Tai Do, The Nu Tran, Truong Thanh Dao, Hung Phuong Vu
Auditing quality is the level of customer satisfaction with the objectivity and reliability of the audit service (Ministry of Finance, 2012). This study explores the relationship between service quality and the loyalty of customers in Vietnamese domestic independent auditing firms. This study was conducted in Hanoi, Vietnam, based on a sample of 250 general accountants and chief accountants who are working for customer firms with transactions at Vietnamese domestic independent auditing firms in Hanoi city. Based on the collected data, we run Cronbach’s alpha, exploratory factor analysis (EFA), Kaiser-Meyer-Olkin (KMO) test, Barlett’s test, and regression using SPSS software. The results show that service quality positively affects the loyalty of customers (LOY), including reliability (REL), responsiveness (RES), assurance (ATT), empathy (EMP), and tangibility (TAN). Moreover, it recognizes the higher weight of customer loyalty in firms. The research determined that service quality can promote customer loyalty. Besides, the services of domestic independent auditing firms have many different characteristics compared to other industries. Therefore, there is a need for more studies on the relationship between service quality and customer loyalty in the audit field. From there, it contributes to perfecting the theoretical framework on customer loyalty and is a useful reference for domestic independent auditing firms, auditors, and audit researchers.
审计质量是客户对审计服务的客观性和可靠性的满意程度(Ministry of Finance, 2012)。本研究探讨越南国内独立审计事务所服务品质与客户忠诚度的关系。这项研究是在越南河内进行的，基于250名总会计师和总会计师的样本，他们在河内的越南国内独立审计公司为有交易的客户公司工作。根据收集到的数据，我们使用SPSS软件进行Cronbach’s alpha、探索性因子分析(EFA)、Kaiser-Meyer-Olkin (KMO)检验、Barlett检验和回归。结果表明，服务质量正向影响顾客忠诚度(LOY)，包括可靠性(REL)、响应性(RES)、保证性(ATT)、移情性(EMP)和有形性(TAN)。此外，它认识到客户忠诚度在企业中具有较高的权重。研究表明，服务质量可以促进顾客忠诚度。此外，国内独立审计事务所的服务与其他行业相比有许多不同的特点。因此，在审计领域有必要对服务质量与顾客忠诚的关系进行更多的研究。从而完善了客户忠诚的理论框架，对国内独立审计事务所、审计师和审计研究者具有一定的参考价值。
{"title":"A study on customer loyalty to service quality in independent auditing firms","authors":"Hoan Nguyen, Dinh Huong Hoang, Duc Tai Do, The Nu Tran, Truong Thanh Dao, Hung Phuong Vu","doi":"10.22495/jgrv12i3siart6","DOIUrl":"https://doi.org/10.22495/jgrv12i3siart6","url":null,"abstract":"Auditing quality is the level of customer satisfaction with the objectivity and reliability of the audit service (Ministry of Finance, 2012). This study explores the relationship between service quality and the loyalty of customers in Vietnamese domestic independent auditing firms. This study was conducted in Hanoi, Vietnam, based on a sample of 250 general accountants and chief accountants who are working for customer firms with transactions at Vietnamese domestic independent auditing firms in Hanoi city. Based on the collected data, we run Cronbach’s alpha, exploratory factor analysis (EFA), Kaiser-Meyer-Olkin (KMO) test, Barlett’s test, and regression using SPSS software. The results show that service quality positively affects the loyalty of customers (LOY), including reliability (REL), responsiveness (RES), assurance (ATT), empathy (EMP), and tangibility (TAN). Moreover, it recognizes the higher weight of customer loyalty in firms. The research determined that service quality can promote customer loyalty. Besides, the services of domestic independent auditing firms have many different characteristics compared to other industries. Therefore, there is a need for more studies on the relationship between service quality and customer loyalty in the audit field. From there, it contributes to perfecting the theoretical framework on customer loyalty and is a useful reference for domestic independent auditing firms, auditors, and audit researchers.","PeriodicalId":15974,"journal":{"name":"Journal of Governance and Regulation","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135056886","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}
Banks are one of the essential pillars of the financial sector (Alzuod & Alqhaiwi, 2022), however, banking is a high-risk industry (de Andres & Vallelado, 2008). The aim of this paper is to investigate the impact of the board’s structure and ownership structure on the financial risks of Jordanian commercial banks. Data was gathered manually from the financial reports. Notably, the study addressed two types of financial risks: liquidity risk and credit risk. The study sample included commercial banks listed on the Amman Stock Exchange (ASE) to cover the period 2014–2019. To achieve the study’s objectives, multiple regression analysis was run to test the hypotheses. The results reveal a negative, statistically significant impact of the board size, institutional ownership, and bank size on liquidity risk. The results also demonstrated a negative effect of board independence, ownership concentration, bank size, and CEO duality on credit risk. In sum, the results support previous studies that found a statistically significant role of corporate governance mechanisms in reducing financial risks. The study recommended the need to enhance foreign investment and institutional ownership.
银行是金融部门的重要支柱之一(Alzuod &Alqhaiwi, 2022)，然而，银行业是一个高风险的行业(de Andres &Vallelado, 2008)。本文的目的是研究董事会结构和股权结构对约旦商业银行财务风险的影响。从财务报告中手动收集数据。值得注意的是，该研究涉及两种类型的金融风险:流动性风险和信用风险。研究样本包括2014-2019年期间在安曼证券交易所(ASE)上市的商业银行。为了达到研究的目的，我们进行了多元回归分析来检验假设。结果显示，董事会规模、机构所有权和银行规模对流动性风险具有显著的负向影响。结果还表明，董事会独立性、股权集中度、银行规模和CEO二元性对信用风险有负向影响。总之，研究结果支持了先前的研究，即公司治理机制在降低财务风险方面具有统计学意义。研究报告建议有必要加强外国投资和机构所有权。
{"title":"Corporate governance systems and financial risks: A developing country evidence","authors":"Mohammad Abdullah Altawalbeh","doi":"10.22495/jgrv12i3siart5","DOIUrl":"https://doi.org/10.22495/jgrv12i3siart5","url":null,"abstract":"Banks are one of the essential pillars of the financial sector (Alzuod & Alqhaiwi, 2022), however, banking is a high-risk industry (de Andres & Vallelado, 2008). The aim of this paper is to investigate the impact of the board’s structure and ownership structure on the financial risks of Jordanian commercial banks. Data was gathered manually from the financial reports. Notably, the study addressed two types of financial risks: liquidity risk and credit risk. The study sample included commercial banks listed on the Amman Stock Exchange (ASE) to cover the period 2014–2019. To achieve the study’s objectives, multiple regression analysis was run to test the hypotheses. The results reveal a negative, statistically significant impact of the board size, institutional ownership, and bank size on liquidity risk. The results also demonstrated a negative effect of board independence, ownership concentration, bank size, and CEO duality on credit risk. In sum, the results support previous studies that found a statistically significant role of corporate governance mechanisms in reducing financial risks. The study recommended the need to enhance foreign investment and institutional ownership.","PeriodicalId":15974,"journal":{"name":"Journal of Governance and Regulation","volume":"83 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135058122","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 examines organizational commitment and competency in Indonesia as a moderator of prosocial behavior toward village fund management accountability. Transparency and accountability are essential in the village government’s role as the custodian of public funds (Taufiqi & Ariani, 2022). Central and local governments implemented public accountability to improve governance (Suwanda & Suryana, 2021). Prosocial conduct and accountability in the management of village funds are the focus of this study. The data were collected through the distribution of questionnaires to each and every village throughout Indonesia. The sample was obtained using a simple random sampling technique from all village officials throughout Indonesia, with a total of 689 people responding to the survey. The data for this analysis were analyzed using the SmartPLS. Prosocial behavior affects village fund management accountability, a study found. Organizational commitment has a moderating effect on the relationship between prosocial behaviour and accountability of village fund management, while village official’s competence does not. This study shows that the variable competence of the village official is feasible to be used as a moderating variable in the relationship between prosocial behavior and accountability, so the researchers recommend this variable be used to moderate it with other variables that may affect accountability.
{"title":"Accountability and perception of prosocial behavior in village fund management","authors":"R. E. Diansari, J. Othman, Adiza Alhassan Musah","doi":"10.22495/jgrv12i1art12","DOIUrl":"https://doi.org/10.22495/jgrv12i1art12","url":null,"abstract":"This study examines organizational commitment and competency in Indonesia as a moderator of prosocial behavior toward village fund management accountability. Transparency and accountability are essential in the village government’s role as the custodian of public funds (Taufiqi & Ariani, 2022). Central and local governments implemented public accountability to improve governance (Suwanda & Suryana, 2021). Prosocial conduct and accountability in the management of village funds are the focus of this study. The data were collected through the distribution of questionnaires to each and every village throughout Indonesia. The sample was obtained using a simple random sampling technique from all village officials throughout Indonesia, with a total of 689 people responding to the survey. The data for this analysis were analyzed using the SmartPLS. Prosocial behavior affects village fund management accountability, a study found. Organizational commitment has a moderating effect on the relationship between prosocial behaviour and accountability of village fund management, while village official’s competence does not. This study shows that the variable competence of the village official is feasible to be used as a moderating variable in the relationship between prosocial behavior and accountability, so the researchers recommend this variable be used to moderate it with other variables that may affect accountability.","PeriodicalId":15974,"journal":{"name":"Journal of Governance and Regulation","volume":"53 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68784967","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}
Andreas Chang, Meiryani Meiryani, U. Sumarwan, T. Gunawan, Sonnya Rahma Devi, Samukri Samukri, Ga Salim
Masri and Martani (2012) explain agency problems that arise with the existence of influenceive tax rate due to differences in interests between the shareholder and management. Influence tax rate aims to apply tax regulations correctly to achieve the expected profit efficiency. This study examines the influence of debt level, capital intensity ratio (CIR), and company profitability on influenceive tax rates. Effective tax rate is measured in this paper, the debt level is measured using debt-to-equity ratio (DER), profitability is measured using return on assets (ROA) and the CIR shows property fixed assets in the company by compared total assets owned. The population in this study is the tourism sub-sector that has been audited and listed on the Indonesia Stock Exchange (IDX). This research period was conducted for 3 (three) years using a purposive sampling method. In this study, the data analysis techniques used were descriptive statistical analysis, classical assumption test, multiple linear regression analysis, F-test, t-test, and coefficient of determination test using the Statistical Product and Service Solutions (SPSS) program. The results of this study indicate that the level of debt, capital intensity ratio, and company profitability does not influence effective tax rate. This shows that if DER, ROA, and CIR have increased or decreased, the effective tax rate is not affected.
{"title":"The influence of debt-to-equity ratio, capital intensity ratio, and profitability on effective tax rate in the tourism sector","authors":"Andreas Chang, Meiryani Meiryani, U. Sumarwan, T. Gunawan, Sonnya Rahma Devi, Samukri Samukri, Ga Salim","doi":"10.22495/jgrv12i1art5","DOIUrl":"https://doi.org/10.22495/jgrv12i1art5","url":null,"abstract":"Masri and Martani (2012) explain agency problems that arise with the existence of influenceive tax rate due to differences in interests between the shareholder and management. Influence tax rate aims to apply tax regulations correctly to achieve the expected profit efficiency. This study examines the influence of debt level, capital intensity ratio (CIR), and company profitability on influenceive tax rates. Effective tax rate is measured in this paper, the debt level is measured using debt-to-equity ratio (DER), profitability is measured using return on assets (ROA) and the CIR shows property fixed assets in the company by compared total assets owned. The population in this study is the tourism sub-sector that has been audited and listed on the Indonesia Stock Exchange (IDX). This research period was conducted for 3 (three) years using a purposive sampling method. In this study, the data analysis techniques used were descriptive statistical analysis, classical assumption test, multiple linear regression analysis, F-test, t-test, and coefficient of determination test using the Statistical Product and Service Solutions (SPSS) program. The results of this study indicate that the level of debt, capital intensity ratio, and company profitability does not influence effective tax rate. This shows that if DER, ROA, and CIR have increased or decreased, the effective tax rate is not affected.","PeriodicalId":15974,"journal":{"name":"Journal of Governance and Regulation","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68785034","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 : 2023-01-01DOI: 10.22495/jgrv12i3siart14
Halil Bajrami, Bashkim Bellaqa, Milaim Mehmeti
The main objective of this study is to identify and analyze funding for tourism development in Kosovo through grants, legal infrastructure, and tourism staff training. A field survey was done to supplement this work, and the data was examined utilizing comparative and empirical analysis. The study was conducted in 2022, but administrative data in the field of tourism from 2010 to 2020 were also used for this study. According to the conclusions of the study, financial help in the form of grants, training, and tourism-related training was insufficient. The total number of visitors was 40,390, with 37.05 percent being local and 62.95 percent being foreign (Agjencia e Statistikave të Kosovës [ASK], 202a). In terms of gross domestic product (GDP), based on economic activities at current prices, the hotel and tourism sector contributed approximately 163 million euros in 2021, or 2.1 percent of GDP (ASK, 2022b). The problem of tourism development in Kosovo is linked to the country’s economic development, with the efficient management of tourism development policies and strategies. The study recommends that tourism policymakers and strategies create more sustainable management of tourism policies to attract a larger number of visitors to Kosovo, etc.
本研究的主要目的是通过赠款、法律基础设施和旅游人员培训来确定和分析科索沃旅游业发展的资金来源。为了补充这项工作，我们进行了实地调查，并利用比较分析和实证分析对数据进行了检验。本研究于2022年进行，但本研究也使用了2010年至2020年旅游领域的行政数据。根据研究的结论，以赠款、培训和与旅游有关的培训形式提供的财政援助是不够的。游客总数为40390人，其中37.05%是本地人，62.95%是外国人(Agjencia e Statistikave të Kosovës [ASK]， 202a)。就国内生产总值(GDP)而言，基于当前价格的经济活动，酒店和旅游业在2021年贡献了约1.63亿欧元，占GDP的2.1% (ASK, 2022b)。科索沃的旅游发展问题与该国的经济发展有关，与旅游发展政策和战略的有效管理有关。该研究建议旅游政策制定者和战略制定更可持续的旅游政策管理，以吸引更多的游客到科索沃等。
{"title":"Financing and staff training in tourism: A case study in the developing country","authors":"Halil Bajrami, Bashkim Bellaqa, Milaim Mehmeti","doi":"10.22495/jgrv12i3siart14","DOIUrl":"https://doi.org/10.22495/jgrv12i3siart14","url":null,"abstract":"The main objective of this study is to identify and analyze funding for tourism development in Kosovo through grants, legal infrastructure, and tourism staff training. A field survey was done to supplement this work, and the data was examined utilizing comparative and empirical analysis. The study was conducted in 2022, but administrative data in the field of tourism from 2010 to 2020 were also used for this study. According to the conclusions of the study, financial help in the form of grants, training, and tourism-related training was insufficient. The total number of visitors was 40,390, with 37.05 percent being local and 62.95 percent being foreign (Agjencia e Statistikave të Kosovës [ASK], 202a). In terms of gross domestic product (GDP), based on economic activities at current prices, the hotel and tourism sector contributed approximately 163 million euros in 2021, or 2.1 percent of GDP (ASK, 2022b). The problem of tourism development in Kosovo is linked to the country’s economic development, with the efficient management of tourism development policies and strategies. The study recommends that tourism policymakers and strategies create more sustainable management of tourism policies to attract a larger number of visitors to Kosovo, etc.","PeriodicalId":15974,"journal":{"name":"Journal of Governance and Regulation","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135557383","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 : 2023-01-01DOI: 10.22495/jgrv12i1siart13
Vjollca Salihu, Besnik Murati
Foreign investment plays a crucial role in a country’s development. Seen from the perspective of the importance of the impact of foreign capital investment on the host and country of origin, the main purpose of this study is to analyze the compatibility of Kosovo’s foreign investment legislation with that of the European Union (EU) to further emphasize the importance of the judiciary and law enforcement as influential factors in attracting foreign investment in the case of Kosovo. Through descriptive, comparative, and analytical research, this study analyses the legal framework for foreign direct investment (FDI) in Kosovo in comparison with the EU. A new database of FDI incentives shows that providing financial incentives to foreign investors is quite common for countries trying to attract investors seeking efficiency (Andersen et al., 2017). The paper concludes that the absorption of foreign investment requires well-defined policies and strategies, continuous improvements in the legal and institutional framework, political stability and sustainable economic growth, improvement and modernization of infrastructure, as well as climate improvements for the business environment and investment. Based on the Organisation for Economic Co-operation and Development (OECD, 2008), FDI is a key element in this rapidly evolving economic integration, also referred to as globalization, thus FDI provides a means of establishing direct, lasting links between economies.
{"title":"Harmonization of the legislation of foreign investments of the developing countries with that of the European","authors":"Vjollca Salihu, Besnik Murati","doi":"10.22495/jgrv12i1siart13","DOIUrl":"https://doi.org/10.22495/jgrv12i1siart13","url":null,"abstract":"Foreign investment plays a crucial role in a country’s development. Seen from the perspective of the importance of the impact of foreign capital investment on the host and country of origin, the main purpose of this study is to analyze the compatibility of Kosovo’s foreign investment legislation with that of the European Union (EU) to further emphasize the importance of the judiciary and law enforcement as influential factors in attracting foreign investment in the case of Kosovo. Through descriptive, comparative, and analytical research, this study analyses the legal framework for foreign direct investment (FDI) in Kosovo in comparison with the EU. A new database of FDI incentives shows that providing financial incentives to foreign investors is quite common for countries trying to attract investors seeking efficiency (Andersen et al., 2017). The paper concludes that the absorption of foreign investment requires well-defined policies and strategies, continuous improvements in the legal and institutional framework, political stability and sustainable economic growth, improvement and modernization of infrastructure, as well as climate improvements for the business environment and investment. Based on the Organisation for Economic Co-operation and Development (OECD, 2008), FDI is a key element in this rapidly evolving economic integration, also referred to as globalization, thus FDI provides a means of establishing direct, lasting links between economies.","PeriodicalId":15974,"journal":{"name":"Journal of Governance and Regulation","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135585757","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 : 2023-01-01DOI: 10.22495/jgrv12i3siart15
Ahmad Kaab Omeir, Deimante Vasiliauskaite, Elham Soleimanizadeh
Fraudulent financial reporting is a big issue not only for investors but also for other stakeholders. This research uses two popular fraud detection models by Beneish (1997, 1999a) and Dechow et al. (2011). The main goal of this paper is to compare the precision of these two models for the prediction of fraud in the financial statements of Iranian companies. Firstly, we try to identify the statistical description related to the first and fourth quartiles of the Beneish and Dechow models. Then, we determine the models’ forecasting capabilities using SPSS software by t-test and variance analysis. We use the sample of 197 companies during the 11-years period from 2009 till 2019. The results indicate that the Beneish model has more precision and less error level in fraud detection in the financial statements than the Dechow model. The general precision of the Beneish model, with 83%, compared to the Dechow model, with general precision of 75%, demonstrates the volume of fraud in the company’s financial statements. According to the statistical results, the prediction precision of the Beneish model, compared to the Dechow model, is more, and its estimation error is less than the latter. Therefore, according to this hypothesis, the Beneish model enjoys a higher detection power in the probability of committing fraud in the financial statements than the Dechow model. Thus, in companies with a previous record of earnings management, there is the probability of committing fraud in the financial statements. It is possible to detect fraud more easily by the Beneish model. The findings of Beneish (1999b) research, Jones et al. (2008), Dechow et al. (2011), and Perols and Lougee (2011) confirm the result obtained from this hypothesis.
虚假财务报告不仅是投资者的大问题，也是其他利益相关者的大问题。本研究使用了Beneish (1997,1999a)和Dechow et al.(2011)的两种流行的欺诈检测模型。本文的主要目的是比较这两种模型在预测伊朗公司财务报表欺诈方面的精度。首先，我们试图识别与Beneish和Dechow模型的第一和第四四分位数相关的统计描述。然后利用SPSS软件进行t检验和方差分析，确定模型的预测能力。我们使用了从2009年到2019年的11年间197家公司的样本。结果表明，Beneish模型比Dechow模型在财务报表舞弊检测中具有更高的精度和更小的误差水平。Beneish模型的一般精度为83%，而Dechow模型的一般精度为75%，这表明了公司财务报表中欺诈的数量。统计结果表明，Beneish模型的预测精度高于Dechow模型，其估计误差小于Dechow模型。因此，根据这一假设，Beneish模型比Dechow模型对财务报表中舞弊的概率具有更高的检测能力。因此，在以前有盈余管理记录的公司中，在财务报表中存在欺诈的可能性。贝尼什模型可以更容易地发现欺诈行为。Beneish (1999b)、Jones et al.(2008)、Dechow et al.(2011)和Perols and Lougee(2011)的研究结果证实了这一假设的结果。
{"title":"Detection of financial statements fraud using Beneish and Dechow models","authors":"Ahmad Kaab Omeir, Deimante Vasiliauskaite, Elham Soleimanizadeh","doi":"10.22495/jgrv12i3siart15","DOIUrl":"https://doi.org/10.22495/jgrv12i3siart15","url":null,"abstract":"Fraudulent financial reporting is a big issue not only for investors but also for other stakeholders. This research uses two popular fraud detection models by Beneish (1997, 1999a) and Dechow et al. (2011). The main goal of this paper is to compare the precision of these two models for the prediction of fraud in the financial statements of Iranian companies. Firstly, we try to identify the statistical description related to the first and fourth quartiles of the Beneish and Dechow models. Then, we determine the models’ forecasting capabilities using SPSS software by t-test and variance analysis. We use the sample of 197 companies during the 11-years period from 2009 till 2019. The results indicate that the Beneish model has more precision and less error level in fraud detection in the financial statements than the Dechow model. The general precision of the Beneish model, with 83%, compared to the Dechow model, with general precision of 75%, demonstrates the volume of fraud in the company’s financial statements. According to the statistical results, the prediction precision of the Beneish model, compared to the Dechow model, is more, and its estimation error is less than the latter. Therefore, according to this hypothesis, the Beneish model enjoys a higher detection power in the probability of committing fraud in the financial statements than the Dechow model. Thus, in companies with a previous record of earnings management, there is the probability of committing fraud in the financial statements. It is possible to detect fraud more easily by the Beneish model. The findings of Beneish (1999b) research, Jones et al. (2008), Dechow et al. (2011), and Perols and Lougee (2011) confirm the result obtained from this hypothesis.","PeriodicalId":15974,"journal":{"name":"Journal of Governance and Regulation","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135595137","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}
Elyta Elyta, Mohammad Zaki Ahmad, Jamaliah Jamaliah, Dadang Ilham Kurniawan Mujiono, Rabiul Islam, Restuardy Daud
This study examines the impact of COVID-19 on the export commodity sector in North Kalimantan province, Indonesia. The sector’s heavy reliance on hydrocarbon, seafood, and agricultural products, and lack of diversification in the commodity market pose significant risks to its long-term sustainability and growth. Studies critically analysing the trading of this commodity and the pandemic’s impacts on this sector remain lacking. Using a content analysis approach on data and information sourced from government reports and statistics, this qualitative-based study provides insight into the impacts of the COVID-19 pandemic and its resultant government intervention measures on North Kalimantan’s export commodities. Findings show that export commodities handled by the province’s ports decreased by 7 percent from 2019 to 2020, but in 2021, export values almost doubled compared to pre-COVID levels. The province’s economic growth has been heavily dependent on hydrocarbon, seafood, and agricultural products before and during the pandemic. To create a more business-friendly environment and reverse the downward trend of export commodities, the study suggests diversifying the commodity market, enhancing human resource capacity, and forging stronger private-public partnerships. The study provides insight into the effects of the pandemic on North Kalimantan’s export commodity sector, highlighting the need for long-term sustainability strategies.
{"title":"Impacts of the COVID-19 pandemic on export commodity trading","authors":"Elyta Elyta, Mohammad Zaki Ahmad, Jamaliah Jamaliah, Dadang Ilham Kurniawan Mujiono, Rabiul Islam, Restuardy Daud","doi":"10.22495/jgrv12i3siart9","DOIUrl":"https://doi.org/10.22495/jgrv12i3siart9","url":null,"abstract":"This study examines the impact of COVID-19 on the export commodity sector in North Kalimantan province, Indonesia. The sector’s heavy reliance on hydrocarbon, seafood, and agricultural products, and lack of diversification in the commodity market pose significant risks to its long-term sustainability and growth. Studies critically analysing the trading of this commodity and the pandemic’s impacts on this sector remain lacking. Using a content analysis approach on data and information sourced from government reports and statistics, this qualitative-based study provides insight into the impacts of the COVID-19 pandemic and its resultant government intervention measures on North Kalimantan’s export commodities. Findings show that export commodities handled by the province’s ports decreased by 7 percent from 2019 to 2020, but in 2021, export values almost doubled compared to pre-COVID levels. The province’s economic growth has been heavily dependent on hydrocarbon, seafood, and agricultural products before and during the pandemic. To create a more business-friendly environment and reverse the downward trend of export commodities, the study suggests diversifying the commodity market, enhancing human resource capacity, and forging stronger private-public partnerships. The study provides insight into the effects of the pandemic on North Kalimantan’s export commodity sector, highlighting the need for long-term sustainability strategies.","PeriodicalId":15974,"journal":{"name":"Journal of Governance and Regulation","volume":"183 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135783807","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 purpose of this paper is to assess the interactional impact of military expenditure on economic growth, taking into consideration the levels of political instability in the Middle East, North Africa and Turkey region (MENAT), namely Egypt, Iran, Jordan, Morocco, Saudi Arabia, Tunisia, and Turkey, over the period 1996–2019. In this regard, this study considers the effects of military spending on economic growth in a panel cointegration framework using panel dynamic ordinary least squares (OLS), focusing on the implications of political instability. Our analysis indicates that after controlling for cross-sectional dependence, the typical relationship between military spending and output does not hold in the long run. This relationship, however, is re-established and becomes stronger once we account for political instability in the countries in the region. It is clearly found that political stability indices are more important for developing countries. In the long run, the results of dynamic OLS reveal that military spending has a more elastic relationship with the economic growth rate in the presence of political instability in the MENAT region with a negative effect, while there is a negative relationship between political stability level measured by government effectiveness and economic growth.
{"title":"Military spending and economic growth: Does political instability matter?","authors":"Khadiga Elbargathi, Ghazi Ibrahim Al-Assaf","doi":"10.22495/jgrv12i4art8","DOIUrl":"https://doi.org/10.22495/jgrv12i4art8","url":null,"abstract":"The purpose of this paper is to assess the interactional impact of military expenditure on economic growth, taking into consideration the levels of political instability in the Middle East, North Africa and Turkey region (MENAT), namely Egypt, Iran, Jordan, Morocco, Saudi Arabia, Tunisia, and Turkey, over the period 1996–2019. In this regard, this study considers the effects of military spending on economic growth in a panel cointegration framework using panel dynamic ordinary least squares (OLS), focusing on the implications of political instability. Our analysis indicates that after controlling for cross-sectional dependence, the typical relationship between military spending and output does not hold in the long run. This relationship, however, is re-established and becomes stronger once we account for political instability in the countries in the region. It is clearly found that political stability indices are more important for developing countries. In the long run, the results of dynamic OLS reveal that military spending has a more elastic relationship with the economic growth rate in the presence of political instability in the MENAT region with a negative effect, while there is a negative relationship between political stability level measured by government effectiveness and economic growth.","PeriodicalId":15974,"journal":{"name":"Journal of Governance and Regulation","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135106757","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}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：