This article seeks to analyze the role enterprise risk management (ERM) theory plays in consequence management (CM) in the South African local government context. We advance the argument that CM, which is regarded as the synchronization of initiatives undertaken to respond and lessen the impacts of a security-related occurrence, has not been fully exploited in the local government set-up. The South African local government has been haunted by service rendering challenges due to a lack of leadership ethics among other maladministration practices (Kroukamp & Cloete, 2018). As such, they have faced some challenges in the adoption of effective, efficient, and economic actions that ensure potential risks and attacks are identified before inflicting damage to the welfare of the citizens. The study adopts a qualitative literature analysis to generate its findings. Findings reveal that the core principles of ERM, like assessment of risks and culture, threat strategic planning and objective setting, risk in implementation, risk information, interaction, reporting, and monitoring ERM performance, have the potential to enhance CM in the context of local government. ERM framework can help municipalities to understand their organizational culture and climate, and the successful implementation and management of organizational change since it provides organizations with effective governance measures such as oversight, structure, and culture that are needed to establish the goals of the organization, the means to pursue them and the ability to understand any associated risks.
{"title":"Adapting enterprise risk management principles to local government in a developing country","authors":"Sithenkosi Lungisa, Ogochukwu Iruoma Nzewi, Nqobile Sikhosana","doi":"10.22495/jgrv12i4art4","DOIUrl":"https://doi.org/10.22495/jgrv12i4art4","url":null,"abstract":"This article seeks to analyze the role enterprise risk management (ERM) theory plays in consequence management (CM) in the South African local government context. We advance the argument that CM, which is regarded as the synchronization of initiatives undertaken to respond and lessen the impacts of a security-related occurrence, has not been fully exploited in the local government set-up. The South African local government has been haunted by service rendering challenges due to a lack of leadership ethics among other maladministration practices (Kroukamp & Cloete, 2018). As such, they have faced some challenges in the adoption of effective, efficient, and economic actions that ensure potential risks and attacks are identified before inflicting damage to the welfare of the citizens. The study adopts a qualitative literature analysis to generate its findings. Findings reveal that the core principles of ERM, like assessment of risks and culture, threat strategic planning and objective setting, risk in implementation, risk information, interaction, reporting, and monitoring ERM performance, have the potential to enhance CM in the context of local government. ERM framework can help municipalities to understand their organizational culture and climate, and the successful implementation and management of organizational change since it provides organizations with effective governance measures such as oversight, structure, and culture that are needed to establish the goals of the organization, the means to pursue them and the ability to understand any associated risks.","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":"136306008","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 success or development of an agency is determined by its human resources. Organizations or agencies need employee development programs because employee development activities are very important for employee progress because it involves activities and activities carried out by employees, this shows that organizations or agencies care about their employees and expect employees to develop. This study aims to examine the effect of management work tools on work productivity, either directly or through productivity and accountability. To examine the effect of operational work tools on work productivity, either directly or through productivity and accountability. The data collection technique used is a questionnaire. Analysis of the data used is path analysis using the SmartPLS application. Of the 6 hypotheses proposed, only 2 hypotheses were accepted, namely operational work tools and a significant positive effect on employee performance. Operational work tools have a positive and significant effect on employee performance through productivity. This gives an indication that the availability of operational work tools helps employees improve performance. Thus, the role of the leadership is expected to provide the maximum possible facilities.
{"title":"Employee performance: The role of operational work tools toward productivity","authors":"Askar Taliang, Syamsu Rijal, Risma Niswaty, Herman Herman, Sitti Hardiyanti Arhas","doi":"10.22495/jgrv12i3siart1","DOIUrl":"https://doi.org/10.22495/jgrv12i3siart1","url":null,"abstract":"The success or development of an agency is determined by its human resources. Organizations or agencies need employee development programs because employee development activities are very important for employee progress because it involves activities and activities carried out by employees, this shows that organizations or agencies care about their employees and expect employees to develop. This study aims to examine the effect of management work tools on work productivity, either directly or through productivity and accountability. To examine the effect of operational work tools on work productivity, either directly or through productivity and accountability. The data collection technique used is a questionnaire. Analysis of the data used is path analysis using the SmartPLS application. Of the 6 hypotheses proposed, only 2 hypotheses were accepted, namely operational work tools and a significant positive effect on employee performance. Operational work tools have a positive and significant effect on employee performance through productivity. This gives an indication that the availability of operational work tools helps employees improve performance. Thus, the role of the leadership is expected to provide the maximum possible facilities.","PeriodicalId":15974,"journal":{"name":"Journal of Governance and Regulation","volume":"37 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":"136257249","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 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}
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.
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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}
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