Pub Date : 2024-08-10DOI: 10.9734/ajeba/2024/v24i81459
Juanda Astarani, Windhu Putra, Bustami
This research analyzes the influence of a knowledge-based economy and accountability on economic growth. A knowledge-based economy focuses on the importance of innovation, technological infrastructure, institutions, and quality human resources in driving productivity and competitiveness. Meanwhile, accountability involves transparency and efficiency in the management of public funds as well as reducing corruption, all of which contribute to a stable and predictable economic environment. This research finds that the synergy between a knowledge- based economy and government accountability can create conditions conducive to economic growth. Through case studies from the ten countries with the highest GDP in East Asia and Southeast Asia using a quantitative approach and the Partial Least Squares (PLS) analysis tool, the research results show that education and skills do not significantly influence economic growth. In contrast, education and skills have a significant favorable influence. Regarding innovation, IT infrastructure shows a significant adverse effect on economic growth, whereas IT infrastructure hasa considerable positive impact on innovation; institutions do not have a substantial effect on economic growth, while institutions have a considerable positive impact on innovation. Accountability does not show a substantial effect on economic growth. Accountability has a positive impact on innovation, and innovation has a significant positive effect on economic growth. Knowledge and technology, supported by accountable government, can increase investor confidence and encourage inclusive economic growth. In conclusion, a strategy that integrates strengthening the knowledge-based economy and increasing government accountability is essential to promote long-term economic growth in the East and Southeast Asia Region.
{"title":"The Influence of Knowledge-based Economy and Accountability on Economic Growth","authors":"Juanda Astarani, Windhu Putra, Bustami","doi":"10.9734/ajeba/2024/v24i81459","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i81459","url":null,"abstract":"This research analyzes the influence of a knowledge-based economy and accountability on economic growth. A knowledge-based economy focuses on the importance of innovation, technological infrastructure, institutions, and quality human resources in driving productivity and competitiveness. Meanwhile, accountability involves transparency and efficiency in the management of public funds as well as reducing corruption, all of which contribute to a stable and predictable economic environment. This research finds that the synergy between a knowledge- based economy and government accountability can create conditions conducive to economic growth. Through case studies from the ten countries with the highest GDP in East Asia and Southeast Asia using a quantitative approach and the Partial Least Squares (PLS) analysis tool, the research results show that education and skills do not significantly influence economic growth. In contrast, education and skills have a significant favorable influence. Regarding innovation, IT infrastructure shows a significant adverse effect on economic growth, whereas IT infrastructure hasa considerable positive impact on innovation; institutions do not have a substantial effect on economic growth, while institutions have a considerable positive impact on innovation. Accountability does not show a substantial effect on economic growth. Accountability has a positive impact on innovation, and innovation has a significant positive effect on economic growth. Knowledge and technology, supported by accountable government, can increase investor confidence and encourage inclusive economic growth. In conclusion, a strategy that integrates strengthening the knowledge-based economy and increasing government accountability is essential to promote long-term economic growth in the East and Southeast Asia Region.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"10 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-08-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141919688","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 : 2024-08-10DOI: 10.9734/ajeba/2024/v24i81460
Zamroni, Naelati Tubastuvi, I. Rahmawati, Irawan Randikaparsa
Objective: Knowing the influence between dividend policy, investment decisions, funding decisions, firm size, and managerial ownership on firm value. Study Design: The population in this study are companies in the primary consumer goods and non-primary consumer goods sectors listed on the Indonesia Stock Exchange (IDX) for the 2019-2022 period. The data from this study comes from the company's annual report and the company's official website. Place and Duration of Study: Primary consumer goods and non-primary consumer goods sector companies listed on the Indonesia Stock Exchange (IDX) for the 2019-2022 period. Methodology: The method used in data collection is using purposive sampling technique. For the sample used in this study, namely 30 companies for 4 years totaling 120 company data. This study uses descriptive statistics, classical assumption tests, coefficient of determination tests and hypothesis tests which are tested using the IBM SPSS statistical analysis tool version 25. Results: The results showed that the investment decision variable and funding decisions had a significant positive effect on firm value. While the variables of dividend policy, firm size, managerial ownership have no significant effect on firm value. Conclusion: The contribution of this study helps reveal that investment decisions and funding decisions play a role in determining the value of companies in the primary consumer goods and non-primary consumer goods sectors.
{"title":"The Impact of Firm Characteristics on Firm Value: Evidence from Indonesia Stock Exchange","authors":"Zamroni, Naelati Tubastuvi, I. Rahmawati, Irawan Randikaparsa","doi":"10.9734/ajeba/2024/v24i81460","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i81460","url":null,"abstract":"Objective: Knowing the influence between dividend policy, investment decisions, funding decisions, firm size, and managerial ownership on firm value. \u0000Study Design: The population in this study are companies in the primary consumer goods and non-primary consumer goods sectors listed on the Indonesia Stock Exchange (IDX) for the 2019-2022 period. The data from this study comes from the company's annual report and the company's official website. \u0000Place and Duration of Study: Primary consumer goods and non-primary consumer goods sector companies listed on the Indonesia Stock Exchange (IDX) for the 2019-2022 period. \u0000Methodology: The method used in data collection is using purposive sampling technique. For the sample used in this study, namely 30 companies for 4 years totaling 120 company data. This study uses descriptive statistics, classical assumption tests, coefficient of determination tests and hypothesis tests which are tested using the IBM SPSS statistical analysis tool version 25. \u0000Results: The results showed that the investment decision variable and funding decisions had a significant positive effect on firm value. While the variables of dividend policy, firm size, managerial ownership have no significant effect on firm value. \u0000Conclusion: The contribution of this study helps reveal that investment decisions and funding decisions play a role in determining the value of companies in the primary consumer goods and non-primary consumer goods sectors.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"21 7","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-08-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141920700","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 : 2024-08-10DOI: 10.9734/ajeba/2024/v24i81459
Juanda Astarani, Windhu Putra, Bustami
This research analyzes the influence of a knowledge-based economy and accountability on economic growth. A knowledge-based economy focuses on the importance of innovation, technological infrastructure, institutions, and quality human resources in driving productivity and competitiveness. Meanwhile, accountability involves transparency and efficiency in the management of public funds as well as reducing corruption, all of which contribute to a stable and predictable economic environment. This research finds that the synergy between a knowledge- based economy and government accountability can create conditions conducive to economic growth. Through case studies from the ten countries with the highest GDP in East Asia and Southeast Asia using a quantitative approach and the Partial Least Squares (PLS) analysis tool, the research results show that education and skills do not significantly influence economic growth. In contrast, education and skills have a significant favorable influence. Regarding innovation, IT infrastructure shows a significant adverse effect on economic growth, whereas IT infrastructure hasa considerable positive impact on innovation; institutions do not have a substantial effect on economic growth, while institutions have a considerable positive impact on innovation. Accountability does not show a substantial effect on economic growth. Accountability has a positive impact on innovation, and innovation has a significant positive effect on economic growth. Knowledge and technology, supported by accountable government, can increase investor confidence and encourage inclusive economic growth. In conclusion, a strategy that integrates strengthening the knowledge-based economy and increasing government accountability is essential to promote long-term economic growth in the East and Southeast Asia Region.
{"title":"The Influence of Knowledge-based Economy and Accountability on Economic Growth","authors":"Juanda Astarani, Windhu Putra, Bustami","doi":"10.9734/ajeba/2024/v24i81459","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i81459","url":null,"abstract":"This research analyzes the influence of a knowledge-based economy and accountability on economic growth. A knowledge-based economy focuses on the importance of innovation, technological infrastructure, institutions, and quality human resources in driving productivity and competitiveness. Meanwhile, accountability involves transparency and efficiency in the management of public funds as well as reducing corruption, all of which contribute to a stable and predictable economic environment. This research finds that the synergy between a knowledge- based economy and government accountability can create conditions conducive to economic growth. Through case studies from the ten countries with the highest GDP in East Asia and Southeast Asia using a quantitative approach and the Partial Least Squares (PLS) analysis tool, the research results show that education and skills do not significantly influence economic growth. In contrast, education and skills have a significant favorable influence. Regarding innovation, IT infrastructure shows a significant adverse effect on economic growth, whereas IT infrastructure hasa considerable positive impact on innovation; institutions do not have a substantial effect on economic growth, while institutions have a considerable positive impact on innovation. Accountability does not show a substantial effect on economic growth. Accountability has a positive impact on innovation, and innovation has a significant positive effect on economic growth. Knowledge and technology, supported by accountable government, can increase investor confidence and encourage inclusive economic growth. In conclusion, a strategy that integrates strengthening the knowledge-based economy and increasing government accountability is essential to promote long-term economic growth in the East and Southeast Asia Region.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"2 9","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-08-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141920171","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 : 2024-08-08DOI: 10.9734/ajeba/2024/v24i81457
Peter S. Mambosho, Grermanus S. Chole, Lekumok Kironyi
Globally, the Women and Youth Development Fund provided via women's groups, has contributed a significant role in ensuring women’s and youth's economic empowerment. In Tanzania, the increase in population growth has brought both opportunities and challenges. One of the major challenges of population growth is the increase in unemployment and poverty among youth and women. To redress the situation, the Women, Youth, and People with Disabilities Revolving Fund (WYDF) was established at LGAs to ease lending challenges to the poor who are deprived of loan access from conventional financial institutions. The study assessed the role of economic empowerment schemes in reducing poverty among youth and women groups in, Arusha Region, Tanzania. Specifically, the study determined the influence of the provision of start-up capital, financial literacy training, and business capacity building on Poverty reduction among youth and women groups. The study adopted a survey research design based on a quantitative approach. Data was collected from 95 respondents from the Arusha region, Tanzania using questionnaires. The sample was selected using purposive sampling methods. Descriptive statistics was used to analyze the data using SPSS. Furthermore, inferential analysis was conducted whereby regression analysis was used to show the relationship between variables that influence poverty reduction among youth and women groups supported through economic empowerment schemes. The study found that the provision of start-up capital, financial literacy training, and business capacity building has a statistically significant influence on poverty reduction among youth and women groups. The study recommends that financial literacy should be provided to help entrepreneurs save sufficient money to provide adequate capital to invest in their businesses. The Government through youth and women empowerment programs should continuously offer training to youths and women groups especially those with no technical skills, on new production, proper allocation of funds, and marketing strategies/ techniques that aim at increasing the quality and quantity of harvest to achieve lasting impacts.
{"title":"An Assessment of the Role of Economic Empowerment Schemes on Poverty Reduction among Youth and Women Groups: A Case of the Arusha Region, Tanzania","authors":"Peter S. Mambosho, Grermanus S. Chole, Lekumok Kironyi","doi":"10.9734/ajeba/2024/v24i81457","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i81457","url":null,"abstract":"Globally, the Women and Youth Development Fund provided via women's groups, has contributed a significant role in ensuring women’s and youth's economic empowerment. In Tanzania, the increase in population growth has brought both opportunities and challenges. One of the major challenges of population growth is the increase in unemployment and poverty among youth and women. To redress the situation, the Women, Youth, and People with Disabilities Revolving Fund (WYDF) was established at LGAs to ease lending challenges to the poor who are deprived of loan access from conventional financial institutions. The study assessed the role of economic empowerment schemes in reducing poverty among youth and women groups in, Arusha Region, Tanzania. Specifically, the study determined the influence of the provision of start-up capital, financial literacy training, and business capacity building on Poverty reduction among youth and women groups. The study adopted a survey research design based on a quantitative approach. Data was collected from 95 respondents from the Arusha region, Tanzania using questionnaires. The sample was selected using purposive sampling methods. Descriptive statistics was used to analyze the data using SPSS. Furthermore, inferential analysis was conducted whereby regression analysis was used to show the relationship between variables that influence poverty reduction among youth and women groups supported through economic empowerment schemes. The study found that the provision of start-up capital, financial literacy training, and business capacity building has a statistically significant influence on poverty reduction among youth and women groups. The study recommends that financial literacy should be provided to help entrepreneurs save sufficient money to provide adequate capital to invest in their businesses. The Government through youth and women empowerment programs should continuously offer training to youths and women groups especially those with no technical skills, on new production, proper allocation of funds, and marketing strategies/ techniques that aim at increasing the quality and quantity of harvest to achieve lasting impacts.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"12 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-08-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141927725","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 : 2024-08-08DOI: 10.9734/ajeba/2024/v24i81458
D. Surjandari, Minanari Minanari, Lela Nurlaela Wati
Aims: To test and analyses the effect of Earning Management, Tax Avoidance and Leverage on Financial Performance: The moderating role of by Good Corporate Governance. This research involves finance and accounting science. Study Design: The type of this research is an explanatory quantitative causality that relies on secondary data collection from the Indonesian Stock Exchange. Place and Duration of Study: Manufacturing Companies listed on the Indonesia Stock Exchange from 2015 to 2019. Methodology: The research uses purposive sampling method and found 52 companies that meet the required criteria during the observation period, 260 observed data. The data analysis using multiple regression models assisted by E-Views version 12.0 program. Results: It shows that Earning Management, Tax Avoidance and Leverage have no significant effect on Firm’s Financial Performance, while GCG only moderates the effect of Leverage on Firm’s Financial Performance, and not for Earning Management and Tax Avoidance. The implication of the research is that companies suggested to consider Good Corporate Governance moderating role on the impact of Leverage to Financial Performance and future research recommended to re-examine the effect of Earning Management, Tax Avoidance and Leverage to Financial Performance and the role of GCG in moderating the effect of Earning Management and Tax Avoidance on Financial Performance.
{"title":"The Impact of Earnings Management, Tax Avoidance, and Leverage on Firm Financial Performance: The Moderating Role of Good Corporate Governance","authors":"D. Surjandari, Minanari Minanari, Lela Nurlaela Wati","doi":"10.9734/ajeba/2024/v24i81458","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i81458","url":null,"abstract":"Aims: To test and analyses the effect of Earning Management, Tax Avoidance and Leverage on Financial Performance: The moderating role of by Good Corporate Governance. This research involves finance and accounting science. \u0000Study Design: The type of this research is an explanatory quantitative causality that relies on secondary data collection from the Indonesian Stock Exchange. \u0000Place and Duration of Study: Manufacturing Companies listed on the Indonesia Stock Exchange from 2015 to 2019. \u0000Methodology: The research uses purposive sampling method and found 52 companies that meet the required criteria during the observation period, 260 observed data. The data analysis using multiple regression models assisted by E-Views version 12.0 program. \u0000Results: It shows that Earning Management, Tax Avoidance and Leverage have no significant effect on Firm’s Financial Performance, while GCG only moderates the effect of Leverage on Firm’s Financial Performance, and not for Earning Management and Tax Avoidance. \u0000The implication of the research is that companies suggested to consider Good Corporate Governance moderating role on the impact of Leverage to Financial Performance and future research recommended to re-examine the effect of Earning Management, Tax Avoidance and Leverage to Financial Performance and the role of GCG in moderating the effect of Earning Management and Tax Avoidance on Financial Performance.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"42 24","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-08-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141929672","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 : 2024-01-13DOI: 10.9734/ajeba/2024/v24i21223
Roy Budiharjo, Elok Kurniawati, Yulis Diana Alfia
This study aims to determine and analyze financial performance using the value for money method from the Bekasi regency local government. This type of research is quantitative and descriptive. The data used is secondary data. Data collection techniques use literature and documentation. The data analysis used is quantitative analysis using the value for money method based on three elements, namely economy, efficiency, and effectiveness. The results of the study show that the financial performance of Bekasi Regency from 2020 to 2022 in terms of economic measurement is considered good; in terms of efficiency measurement, it is considered on average good for 2020, 2021, and 2022, while in terms of measuring effectiveness, in 2020 and 2021 it is considered not good, and in 2022 it is categorized as effective because the effectiveness ratio is more than 100%.
{"title":"Value for Money: Analysis of Financial Performance of Bekasi Regency Local Government","authors":"Roy Budiharjo, Elok Kurniawati, Yulis Diana Alfia","doi":"10.9734/ajeba/2024/v24i21223","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i21223","url":null,"abstract":"This study aims to determine and analyze financial performance using the value for money method from the Bekasi regency local government. This type of research is quantitative and descriptive. The data used is secondary data. Data collection techniques use literature and documentation. The data analysis used is quantitative analysis using the value for money method based on three elements, namely economy, efficiency, and effectiveness. The results of the study show that the financial performance of Bekasi Regency from 2020 to 2022 in terms of economic measurement is considered good; in terms of efficiency measurement, it is considered on average good for 2020, 2021, and 2022, while in terms of measuring effectiveness, in 2020 and 2021 it is considered not good, and in 2022 it is categorized as effective because the effectiveness ratio is more than 100%.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"23 19","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139531077","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 : 2024-01-12DOI: 10.9734/ajeba/2024/v24i21220
Oliver Mukweyi Pyoko, Renson Muchiri
The short-term debt account's value is crucial in assessing the performance of the business. Free cash flow is the amount of money a business has left over after covering its cash outflows for operating costs and capital asset maintenance. If a company takes on more debt, it will have less free cash flow available for equity in the current year. Since the debt has been paid off and does not need to be repaid, this decrease is offset in the upcoming years by a rise in free cash flow to equity. The exact opposite occurs if the company takes on additional debt. The study was anchored on free cash flow theory and trade off theory. The study applied secondary data obtained from the firms from 2007-2011. Panel data was used to increase data observations. The data was initially analysed using pooled ordinary least squares (OLS) regression model. The result showed a positive and significant relationship between free cash flow and short term debt of firms. With this result, it is recommended that managers of listed firms on NSE should assess the company’s overall financial flexibility and short term debt needs to determine the optimal balance between free cash flow and short term debt as excessive reliance on free cash flow for short term debt repayment may increase vulnerability.
{"title":"Free Cash Flow and Short-term Debt of Firms Listed at the Nairobi Securities Exchange Kenya","authors":"Oliver Mukweyi Pyoko, Renson Muchiri","doi":"10.9734/ajeba/2024/v24i21220","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i21220","url":null,"abstract":"The short-term debt account's value is crucial in assessing the performance of the business. Free cash flow is the amount of money a business has left over after covering its cash outflows for operating costs and capital asset maintenance. If a company takes on more debt, it will have less free cash flow available for equity in the current year. Since the debt has been paid off and does not need to be repaid, this decrease is offset in the upcoming years by a rise in free cash flow to equity. The exact opposite occurs if the company takes on additional debt. The study was anchored on free cash flow theory and trade off theory. The study applied secondary data obtained from the firms from 2007-2011. Panel data was used to increase data observations. The data was initially analysed using pooled ordinary least squares (OLS) regression model. The result showed a positive and significant relationship between free cash flow and short term debt of firms. With this result, it is recommended that managers of listed firms on NSE should assess the company’s overall financial flexibility and short term debt needs to determine the optimal balance between free cash flow and short term debt as excessive reliance on free cash flow for short term debt repayment may increase vulnerability.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"3 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139531817","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 : 2024-01-06DOI: 10.9734/ajeba/2024/v24i11213
Siti Nur Hajaroh, I. Rahmawati, Wida Purwidianti, Totok Haryanto
Aims: The purpose of this study was to determine the effect of institutional ownership, board of directors, audit committee, company size, and sales growth on financial distress. Study Design: The population of this study consisted of 41 retail subsector companies listed on the Indonesia Stock Exchange (IDX) for the 2019-2022 period. The total observation data is 164 and obtained 64 data samples that meet the criteria and 100 data samples that do not meet the criteria (Loss, Gray Area, Incomplete variables). This research data comes from the company's annual financial statements. Methodology: The data collection method is purposive sampling and the analysis technique is model fit test, coefficient of determination test, and logistic regression. Financial distress is calculated using the Altman Z-Score calculation, and hypothesis testing is tested using the SPSS 26 analysis tool. Results: The results showed that good corporate governance proxied by the board of directors and audit committee has no effect on financial distress, while institutional ownership affects financial distress. Company size variables affect financial distress. While sales growth has no effect on financial distress. Conclusion: Based on this study, it is known that institutional ownership has an effect on financial distress, meaning that the greater the percentage of institutional ownership will reduce the possibility of the company experiencing financial distress. The board of directors has no effect on financial distress, meaning that the number of directors in a company does not affect the occurrence of financial distress. The audit committee has no effect on financial distress, meaning that the number of audit committee members is not able to reduce the problem of financial distress. Company size has an effect on financial distress, meaning that a higher total asset value owned by company would reduce the probability of financial distress. Sales growth has no effect on financial distress, meaning that the high or low level of sales growth does not reflect that it can be followed by an increase in profits earned by the company. To avoid financial distress, it is done by higher percentage of institutional ownership, as well higher total asset value owned by the company properly.
{"title":"Corporate Governance Mechanism and Financial Ratios on the Indonesia Stock Exchange: How do they Affect Financial Distress?","authors":"Siti Nur Hajaroh, I. Rahmawati, Wida Purwidianti, Totok Haryanto","doi":"10.9734/ajeba/2024/v24i11213","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i11213","url":null,"abstract":"Aims: The purpose of this study was to determine the effect of institutional ownership, board of directors, audit committee, company size, and sales growth on financial distress. \u0000Study Design: The population of this study consisted of 41 retail subsector companies listed on the Indonesia Stock Exchange (IDX) for the 2019-2022 period. The total observation data is 164 and obtained 64 data samples that meet the criteria and 100 data samples that do not meet the criteria (Loss, Gray Area, Incomplete variables). This research data comes from the company's annual financial statements. \u0000Methodology: The data collection method is purposive sampling and the analysis technique is model fit test, coefficient of determination test, and logistic regression. Financial distress is calculated using the Altman Z-Score calculation, and hypothesis testing is tested using the SPSS 26 analysis tool. \u0000Results: The results showed that good corporate governance proxied by the board of directors and audit committee has no effect on financial distress, while institutional ownership affects financial distress. Company size variables affect financial distress. While sales growth has no effect on financial distress. \u0000Conclusion: Based on this study, it is known that institutional ownership has an effect on financial distress, meaning that the greater the percentage of institutional ownership will reduce the possibility of the company experiencing financial distress. The board of directors has no effect on financial distress, meaning that the number of directors in a company does not affect the occurrence of financial distress. The audit committee has no effect on financial distress, meaning that the number of audit committee members is not able to reduce the problem of financial distress. Company size has an effect on financial distress, meaning that a higher total asset value owned by company would reduce the probability of financial distress. Sales growth has no effect on financial distress, meaning that the high or low level of sales growth does not reflect that it can be followed by an increase in profits earned by the company. To avoid financial distress, it is done by higher percentage of institutional ownership, as well higher total asset value owned by the company properly.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"11 19","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139380646","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 : 2024-01-06DOI: 10.9734/ajeba/2024/v24i11212
Semboja Haji Hatibu
Zanzibar as a tourist destination nation is experiencing strong tourism growth, with high tourism intensity and with high seasonality is bound to be subject to considerable negative effects related to the amount of tourists visiting their area. Therefore, determining the tourism carrying capacity of Zanzibar is thus vital national policy issue to ensure a balance between achieving optimal tourism development without compromising the delicate environmental, economic and social structure. The paper develops and proposes the Multidimensional Tourism Carrying Capacity Model, (MDTCC) to be used assess and establish the tourism carrying capacity of Zanzibar. The paper considers the tourism carrying capacity (TCC), as a national policy target variable and complex function of six interdependent dimensional and subsystems variables, namely, Economy, Ecology or Nature, Social, Culture, Heritage, and Political. In turn, these independent subsystems are defined as complex functions of other endogenous, exogenous factors, parameters, and series of pre-outcomes. The MDTCC is determined according to mathematical rules as there are seven relations; to be determined by the seven endogenous variables as policy target variables. The empirical MDTCC Model is proposed to be used to investigate performances or behaviour of policy target variables given variations of other endogenous, exogenous factors and parameters. The quantitative MDTCC procedures to be adopted in the framework to evaluate each component are based on mathematically valid procedures and techniques associated to the complete ex-ante and ex-post evaluation monitoring processes, through all stages or phases; from the planning stages to reporting of results from the data and policy analysis.
{"title":"The Multidimensional Tourism Carrying Capacity Model for Zanzibar","authors":"Semboja Haji Hatibu","doi":"10.9734/ajeba/2024/v24i11212","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i11212","url":null,"abstract":"Zanzibar as a tourist destination nation is experiencing strong tourism growth, with high tourism intensity and with high seasonality is bound to be subject to considerable negative effects related to the amount of tourists visiting their area. Therefore, determining the tourism carrying capacity of Zanzibar is thus vital national policy issue to ensure a balance between achieving optimal tourism development without compromising the delicate environmental, economic and social structure. The paper develops and proposes the Multidimensional Tourism Carrying Capacity Model, (MDTCC) to be used assess and establish the tourism carrying capacity of Zanzibar. The paper considers the tourism carrying capacity (TCC), as a national policy target variable and complex function of six interdependent dimensional and subsystems variables, namely, Economy, Ecology or Nature, Social, Culture, Heritage, and Political. In turn, these independent subsystems are defined as complex functions of other endogenous, exogenous factors, parameters, and series of pre-outcomes. The MDTCC is determined according to mathematical rules as there are seven relations; to be determined by the seven endogenous variables as policy target variables. The empirical MDTCC Model is proposed to be used to investigate performances or behaviour of policy target variables given variations of other endogenous, exogenous factors and parameters. The quantitative MDTCC procedures to be adopted in the framework to evaluate each component are based on mathematically valid procedures and techniques associated to the complete ex-ante and ex-post evaluation monitoring processes, through all stages or phases; from the planning stages to reporting of results from the data and policy analysis.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"16 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139380752","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 ever-evolving nature of the worldwide business arena is undergoing a significant change propelled by technological progress, where artificial intelligence (AI) is emerging as a central force redefining conventional methodologies. This research intends to identify and dissect the challenges encountered by Nigerian accounting firms in incorporating AI into their auditing processes, and to illuminate the opportunities that arise from leveraging AI capabilities in the auditing domain. This research utilized a survey research design. A well-structured questionnaire was employed to gather data from statutory auditors familiar with the use of artificial intelligence within their accounting firms situated in Lagos, the commercial hub of the Nigerian economy. The study encompassed all 35 registered accounting firms in Lagos State, Nigeria, employing a census sampling technique to determine the sample size, representing 100% of the population. Given the relative size of the population, five respondents were chosen from each accounting firm, totaling 175 respondents. The study received 153 responses, constituting 87% of the sample size. Descriptive and inferential statistics were applied to analyze the collected data. The outcomes reveal that AI, encompassing machine learning, natural language processing, and expert systems, significantly contributes to identifying challenges and highlighting opportunities in this context. The results underscore the positive role of AI in addressing challenges and revealing potential advancements in auditing practices within Nigerian accounting firms. The study concludes that AI, particularly machine learning, holds promise for addressing challenges and fostering advancements in auditing practices for Nigerian accounting firms. Given the significant positive impact of machine learning, accounting firms in Nigeria should consider prioritizing the integration of machine learning technologies into their auditing practices.
{"title":"Challenges and Opportunities of Implementing Artificial Intelligence in Auditing Practices: A Case Study of Nigerian Accounting Firms","authors":"Oluyinka Oluwagbade, Olayinka Dominion Boluwaji, Oyebanji Abiola Azeez, Lakori Micah Njengo","doi":"10.9734/ajeba/2024/v24i11210","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i11210","url":null,"abstract":"The ever-evolving nature of the worldwide business arena is undergoing a significant change propelled by technological progress, where artificial intelligence (AI) is emerging as a central force redefining conventional methodologies. This research intends to identify and dissect the challenges encountered by Nigerian accounting firms in incorporating AI into their auditing processes, and to illuminate the opportunities that arise from leveraging AI capabilities in the auditing domain. This research utilized a survey research design. A well-structured questionnaire was employed to gather data from statutory auditors familiar with the use of artificial intelligence within their accounting firms situated in Lagos, the commercial hub of the Nigerian economy. The study encompassed all 35 registered accounting firms in Lagos State, Nigeria, employing a census sampling technique to determine the sample size, representing 100% of the population. Given the relative size of the population, five respondents were chosen from each accounting firm, totaling 175 respondents. The study received 153 responses, constituting 87% of the sample size. Descriptive and inferential statistics were applied to analyze the collected data. The outcomes reveal that AI, encompassing machine learning, natural language processing, and expert systems, significantly contributes to identifying challenges and highlighting opportunities in this context. The results underscore the positive role of AI in addressing challenges and revealing potential advancements in auditing practices within Nigerian accounting firms. The study concludes that AI, particularly machine learning, holds promise for addressing challenges and fostering advancements in auditing practices for Nigerian accounting firms. Given the significant positive impact of machine learning, accounting firms in Nigeria should consider prioritizing the integration of machine learning technologies into their auditing practices.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"10 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139385275","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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