Pub Date : 2023-07-15DOI: 10.14254/1800-5845/2023.19-3.4
Nga Phan Thi Hang
{"title":"Key Factors Affecting the Profitability of Commercial Banks During the Covid-19 in Vietnam","authors":"Nga Phan Thi Hang","doi":"10.14254/1800-5845/2023.19-3.4","DOIUrl":"https://doi.org/10.14254/1800-5845/2023.19-3.4","url":null,"abstract":"","PeriodicalId":45544,"journal":{"name":"Montenegrin Journal of Economics","volume":"126 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2023-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66925677","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 : 2023-07-15DOI: 10.14254/1800-5845/2023.19-3.12
Ni Wayan Rustiarini
{"title":"Does Risk Management and Intellectual Capital Improving Sme's Performance During Covid-19 Outbreak?","authors":"Ni Wayan Rustiarini","doi":"10.14254/1800-5845/2023.19-3.12","DOIUrl":"https://doi.org/10.14254/1800-5845/2023.19-3.12","url":null,"abstract":"","PeriodicalId":45544,"journal":{"name":"Montenegrin Journal of Economics","volume":" ","pages":""},"PeriodicalIF":1.5,"publicationDate":"2023-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48358813","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 : 2023-07-15DOI: 10.14254/1800-5845/2023.19-3.11
Anh Thi Hong Nguyen
{"title":"The Nexus Between Banking Development and Economic Growth in the Presence of Trade Openness and Inflation: Case of Vietnam","authors":"Anh Thi Hong Nguyen","doi":"10.14254/1800-5845/2023.19-3.11","DOIUrl":"https://doi.org/10.14254/1800-5845/2023.19-3.11","url":null,"abstract":"","PeriodicalId":45544,"journal":{"name":"Montenegrin Journal of Economics","volume":" ","pages":""},"PeriodicalIF":1.5,"publicationDate":"2023-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41611220","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 : 2023-07-15DOI: 10.14254/1800-5845/2023.19-3.5
Nizar Dwaikat
{"title":"The Influence of Corporate Governance on Agency Costs in Context Omanian Market","authors":"Nizar Dwaikat","doi":"10.14254/1800-5845/2023.19-3.5","DOIUrl":"https://doi.org/10.14254/1800-5845/2023.19-3.5","url":null,"abstract":"","PeriodicalId":45544,"journal":{"name":"Montenegrin Journal of Economics","volume":" ","pages":""},"PeriodicalIF":1.5,"publicationDate":"2023-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42948078","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 : 2023-07-15DOI: 10.14254/1800-5845/2023.19-3.7
Maylia Pramono Sari
{"title":"Determinants of Audit Quality in State-owned Enterprises Listed on the Indonesia Stock Exchange With Audit Fee as Moderating Variable","authors":"Maylia Pramono Sari","doi":"10.14254/1800-5845/2023.19-3.7","DOIUrl":"https://doi.org/10.14254/1800-5845/2023.19-3.7","url":null,"abstract":"","PeriodicalId":45544,"journal":{"name":"Montenegrin Journal of Economics","volume":" ","pages":""},"PeriodicalIF":1.5,"publicationDate":"2023-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47455817","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 : 2023-07-15DOI: 10.14254/1800-5845/2023.19-3.8
Awadh Ahmed Mohammed Gamal
{"title":"Analysing Factors Affecting the Industrial Production Sector in Malaysia: Evidence From the Bounds Testing Approach of Cointegration","authors":"Awadh Ahmed Mohammed Gamal","doi":"10.14254/1800-5845/2023.19-3.8","DOIUrl":"https://doi.org/10.14254/1800-5845/2023.19-3.8","url":null,"abstract":"","PeriodicalId":45544,"journal":{"name":"Montenegrin Journal of Economics","volume":" ","pages":""},"PeriodicalIF":1.5,"publicationDate":"2023-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43132121","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 : 2023-07-15DOI: 10.14254/1800-5845/2023.19-3.17
Farouq Altahtamouni
{"title":"Determinants of Sustainable Growth Rate and Market Value: Evidence From Saudi Arabia","authors":"Farouq Altahtamouni","doi":"10.14254/1800-5845/2023.19-3.17","DOIUrl":"https://doi.org/10.14254/1800-5845/2023.19-3.17","url":null,"abstract":"","PeriodicalId":45544,"journal":{"name":"Montenegrin Journal of Economics","volume":" ","pages":""},"PeriodicalIF":1.5,"publicationDate":"2023-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46692852","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 : 2023-07-15DOI: 10.14254/1800-5845/2023.19-3.16
S. Martono, Arief Yulianto, A. Wijaya
The purpose is to analyze the role of institutional ownership in firms with managerial ownership in reducing agency costs for the Indonesian listed firm. The polled data from the annual report of companies listed on the In-donesia Stock Exchange and data obtained are pooled from 949 units from 2008 to 2020. We have analyzed through regression of data from dependent is agency cost, independent managerial ownership, annual sales, total assets, independent commissionaires, and control variable is debt ratio. The total sales to total assets ratio has been used as a proxy for agency costs. The result is that higher agency cost proves more effectively (more than 1) in us-ing assets to generate annual sales. Quartile analysis has been used to determine the interval of managerial ownership, the result is that managerial ownership at the lower level (34%-59%) and higher (60%-74%) is significant to agency costs. Inverse, when none of the managerial ownership, much lower (<33%), and much higher (>74%) is insignificant to agency cost. Our results support the predictions of Jensen & Meckling (1976), which state that ownership structure as voting power and monitoring are mechanisms for aligning the interests of shareholders. The presence of much lower of managerial ownership results in managers not having enough power to produce agency costs. No different, when managerial ow-nership is at a much higher level, they also do not have the potential to produce agency costs because institutional investors can monitor more op-portunistic management behavior. Both levels of managerial ownership pro-ve more effectively use assets to generate annual sales.Originality/value is a study focusing on one of the largest emerging economies, i.e. Indonesia.
{"title":"The Agency Cost of Concentrated Institutional Ownership: Evidence From Indonesia","authors":"S. Martono, Arief Yulianto, A. Wijaya","doi":"10.14254/1800-5845/2023.19-3.16","DOIUrl":"https://doi.org/10.14254/1800-5845/2023.19-3.16","url":null,"abstract":"The purpose is to analyze the role of institutional ownership in firms with managerial ownership in reducing agency costs for the Indonesian listed firm. The polled data from the annual report of companies listed on the In-donesia Stock Exchange and data obtained are pooled from 949 units from 2008 to 2020. We have analyzed through regression of data from dependent is agency cost, independent managerial ownership, annual sales, total assets, independent commissionaires, and control variable is debt ratio. The total sales to total assets ratio has been used as a proxy for agency costs. The result is that higher agency cost proves more effectively (more than 1) in us-ing assets to generate annual sales. Quartile analysis has been used to determine the interval of managerial ownership, the result is that managerial ownership at the lower level (34%-59%) and higher (60%-74%) is significant to agency costs. Inverse, when none of the managerial ownership, much lower (<33%), and much higher (>74%) is insignificant to agency cost. Our results support the predictions of Jensen & Meckling (1976), which state that ownership structure as voting power and monitoring are mechanisms for aligning the interests of shareholders. The presence of much lower of managerial ownership results in managers not having enough power to produce agency costs. No different, when managerial ow-nership is at a much higher level, they also do not have the potential to produce agency costs because institutional investors can monitor more op-portunistic management behavior. Both levels of managerial ownership pro-ve more effectively use assets to generate annual sales.Originality/value is a study focusing on one of the largest emerging economies, i.e. Indonesia.","PeriodicalId":45544,"journal":{"name":"Montenegrin Journal of Economics","volume":" ","pages":""},"PeriodicalIF":1.5,"publicationDate":"2023-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48171211","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 : 2023-07-15DOI: 10.14254/1800-5845/2023.19-3.1
Hanbing Li
{"title":"Identity, Human Capital and Poverty Reduction Effects: An empirical study based on China Family Panel Studies","authors":"Hanbing Li","doi":"10.14254/1800-5845/2023.19-3.1","DOIUrl":"https://doi.org/10.14254/1800-5845/2023.19-3.1","url":null,"abstract":"","PeriodicalId":45544,"journal":{"name":"Montenegrin Journal of Economics","volume":" ","pages":""},"PeriodicalIF":1.5,"publicationDate":"2023-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46892424","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：