This research aims to determine the role of women in managing household accounting in the Minangkabau matrilineal system. This research method uses qualitative methods. This qualitative research was designed using a phenomenological approach. The research location is at Pasar Raya Padang, Padang City, West Sumatra. The informants in this research were 10 "manggaleh mudo" housewives who were married and had children along with 2 traditional community leaders who came from the Padang nagari (KAN) traditional density. The instrument used by researchers for informants is interviews. This research uses a purposive sampling technique to determine informants. The data source is primary data. Data were collected using semi-structured interviews with informants until all the information required by the researcher was met. Data analysis techniques use the Miles and Huberman model, namely data reduction, data display, and conclusion, drawing, verification. The research results found that nowadays, apart from economic factors, Minangkabau women are encouraged to "manggaleh mudo" to participate in helping their husbands with their household finances. Another factor is to improve the quality of the family by improving their children's education, saving for old age, wanting to make a contribution to their hometown, neighbors and close relatives, to leave an inheritance for their children and grandchildren. The contribution of the mother's "manggaleh mudo" income to the household economy is greater than the husband's income. But in reality, according to the recognition of all Minangkabau people, the income of a wife or mother from "menggaleh mudo" is only as additional income, not as the main income. From a budgeting perspective, we can see that Minangkabau women budget with the aim of ensuring peace in old age, social prestige, and providing services to family members. From a recording perspective, Minangkabau women always pay attention to time and use it effectively and efficiently and will never waste time in vain. So many of them do not have time to record their household finances in writing but rather verbally. However, there are also some of them who apply record keeping because Minangkabau women have a tenacious nature, are hard workers and are always optimistic. In terms of decision making, the Minangkabau people highly value "consensus" with their husband
本研究旨在确定米南卡保母系制度中妇女在管理家庭会计方面的作用。本研究采用定性研究方法。定性研究采用现象学方法。研究地点位于西苏门答腊省巴东市的 Pasar Raya Padang。本研究的信息提供者是 10 位已婚已育的 "manggaleh mudo "家庭主妇，以及 2 位来自巴东纳加里（KAN）传统密度的传统社区领袖。研究人员使用的工具是访谈。本研究采用目的性抽样技术来确定信息提供者。数据来源是原始数据。研究人员采用半结构化访谈的方式收集数据，直至满足研究人员所需的所有信息。数据分析技术采用迈尔斯和休伯曼模型，即数据还原、数据展示和结论、得出、验证。研究结果发现，除了经济因素外，如今米南卡保妇女被鼓励 "manggaleh mudo"，参与帮助丈夫处理家庭财务。另一个因素是通过改善子女教育、储蓄养老金、希望为家乡、邻居和近亲做出贡献、为子孙留下遗产等方式提高家庭质量。母亲的 "manggaleh mudo "收入对家庭经济的贡献大于丈夫的收入。但实际上，根据所有米南卡保人的认识，妻子或母亲的 "menggaleh mudo "收入只是额外收入，而不是主要收入。从预算的角度看，我们可以发现米南卡保妇女的预算目的是确保晚年生活安宁、社会声望和为家庭成员提供服务。从记录的角度看，米南卡保妇女总是很重视时间，并有效和高效地利用时间，绝不会白白浪费时间。因此，她们中的许多人没有时间以书面形式记录家庭财务状况，而是以口头形式记录。不过，也有一些米南卡保妇女会进行记录，因为米南卡保妇女天性坚韧、勤劳，而且总是很乐观。在决策方面，米南卡保人非常重视与丈夫达成 "共识"。
{"title":"Bundo Kanduang Accounting; An Exploratory Study of the Implementation of Household Accounting in the Minangkabau Matrilineal System","authors":"Patricia Patricia, Marko S Hermawan","doi":"10.47191/jefms/v7-i3-23","DOIUrl":"https://doi.org/10.47191/jefms/v7-i3-23","url":null,"abstract":"This research aims to determine the role of women in managing household accounting in the Minangkabau matrilineal system. This research method uses qualitative methods. This qualitative research was designed using a phenomenological approach. The research location is at Pasar Raya Padang, Padang City, West Sumatra. The informants in this research were 10 \"manggaleh mudo\" housewives who were married and had children along with 2 traditional community leaders who came from the Padang nagari (KAN) traditional density. The instrument used by researchers for informants is interviews. This research uses a purposive sampling technique to determine informants. The data source is primary data. Data were collected using semi-structured interviews with informants until all the information required by the researcher was met. Data analysis techniques use the Miles and Huberman model, namely data reduction, data display, and conclusion, drawing, verification. The research results found that nowadays, apart from economic factors, Minangkabau women are encouraged to \"manggaleh mudo\" to participate in helping their husbands with their household finances. Another factor is to improve the quality of the family by improving their children's education, saving for old age, wanting to make a contribution to their hometown, neighbors and close relatives, to leave an inheritance for their children and grandchildren. The contribution of the mother's \"manggaleh mudo\" income to the household economy is greater than the husband's income. But in reality, according to the recognition of all Minangkabau people, the income of a wife or mother from \"menggaleh mudo\" is only as additional income, not as the main income. From a budgeting perspective, we can see that Minangkabau women budget with the aim of ensuring peace in old age, social prestige, and providing services to family members. From a recording perspective, Minangkabau women always pay attention to time and use it effectively and efficiently and will never waste time in vain. So many of them do not have time to record their household finances in writing but rather verbally. However, there are also some of them who apply record keeping because Minangkabau women have a tenacious nature, are hard workers and are always optimistic. In terms of decision making, the Minangkabau people highly value \"consensus\" with their husband","PeriodicalId":497608,"journal":{"name":"Journal of economics, finance and management studies","volume":"117 14","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140379449","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}
Financial inclusion, characterized by access and usage of formal financial services, is a critical driver of economic development and poverty reduction. In Nigeria, a country with a large population of unbanked and underbanked individuals, adoption of Digital Financial Services (DFS) presents a promising avenue for expanding financial inclusion among low- income households. This study focused on evaluating the effectiveness of DFS for promoting financial inclusion among low-income households in Jigawa State, North-West Nigeria. Using a mixed-methods research approach, this study comprehensively assessed the impact of DFS on financial inclusion indicators. The research draws from a representative sample of low- income households in Jigawa State, examining utilization of DFS platforms, perceptions of the benefits and challenges associated with these services. Findings indicate notable increase in financial inclusion among low-income households in Jigawa State following the introduction of DFS. Factors contributing to this positive trend include improved convenience, reduced transaction costs, and increased financial literacy. However, challenges related to digital literacy (complexity) and trust in digital platforms (perceived risk) persist and need to be addressed to maximize the impact of DFS. This research contributes to the ongoing discourse on financial inclusion and digital financial services by providing empirical insights specific to the Jigawa State context. The outcomes of this study are expected to inform policymakers, financial institutions, and DFS providers on strategies for further enhancing the reach and effectiveness of digital financial services in promoting financial inclusion among low-income households not only in Jigawa State but also in similar regions across Nigeria and beyond.
{"title":"An Evaluation of the Effectiveness of Digital Financial Service (DFS) in Promoting Financial Inclusion (FI) among Low-Income Households","authors":"Samson Lamela Mela","doi":"10.47191/jefms/v7-i3-20","DOIUrl":"https://doi.org/10.47191/jefms/v7-i3-20","url":null,"abstract":"Financial inclusion, characterized by access and usage of formal financial services, is a critical driver of economic development and poverty reduction. In Nigeria, a country with a large population of unbanked and underbanked individuals, adoption of Digital Financial Services (DFS) presents a promising avenue for expanding financial inclusion among low- income households. This study focused on evaluating the effectiveness of DFS for promoting financial inclusion among low-income households in Jigawa State, North-West Nigeria. Using a mixed-methods research approach, this study comprehensively assessed the impact of DFS on financial inclusion indicators. The research draws from a representative sample of low- income households in Jigawa State, examining utilization of DFS platforms, perceptions of the benefits and challenges associated with these services. Findings indicate notable increase in financial inclusion among low-income households in Jigawa State following the introduction of DFS. Factors contributing to this positive trend include improved convenience, reduced transaction costs, and increased financial literacy. However, challenges related to digital literacy (complexity) and trust in digital platforms (perceived risk) persist and need to be addressed to maximize the impact of DFS. This research contributes to the ongoing discourse on financial inclusion and digital financial services by providing empirical insights specific to the Jigawa State context. The outcomes of this study are expected to inform policymakers, financial institutions, and DFS providers on strategies for further enhancing the reach and effectiveness of digital financial services in promoting financial inclusion among low-income households not only in Jigawa State but also in similar regions across Nigeria and beyond.","PeriodicalId":497608,"journal":{"name":"Journal of economics, finance and management studies","volume":"125 19","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140381184","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 was purposed to investigate the causes of tax evasion and avoidance and its effect on the Zambian economy in Chililabombwe District of the Copperbelt Province. It had two-fold objectives: to examine the causes of tax evasion and avoidance in Chililabombwe District by SMEs, and to determine the effect of tax evasion and avoidance in Chililabombwe District on the Zambian economy. The study used a mixed method approach combining both qualitative and quantitative paradigms in which 110 sample size was targeted. One Hundred and ten (110) questionnaires were distributed and 79 were returned representing 72%. Purposive and convenient sampling techniques were used. Quantitative data was analysed through the SPSS version 16 while qualitative data was analysed through content analysis focusing on main unfolding themes from the interviews. The study discovered that that there are loopholes in the Zambia Revenue Authority's (ZRA) tax administration system which are due to inefficiencies or inadequate competence of tax collectors, which taxpayers exploit in evading and avoiding tax. The investigation also revealed that on account of the established loopholes, certain revenue collectors collude with taxpayers to commit tax fraud by accepting bribes from them while poor sales, high tax rates, and lack of tax education to SMEs were noted to be among key reasons for tax avoidance. Consequently, the study ascertained with concern that the levels of development in the district, in terms of social amenities, schools, road network, and youth / women empowerment programmes are very low. The study concluded that tax evasion and avoidance were real and rife among the SMEs on account of the factors cited and that mitigative policy measures were required without any further delays. Arising from the results of the study, it was strongly recommended that for tax evasion and avoidance to be mitigated, the revenue authority needs to urgently reform the tax system to make it equitable and fair coupled with rigorous tax education to the traders for sufficient tax knowledge and thereafter digitize tax remittances with ease for the traders to file returns without need for middle persons. Tax morale and ultimately revenue collection can be improved through tax education programs, integrity of tax collectors, and reduction of tax rates chargeable to SMEs. Enhanced training and sensitization to create awareness, reduce compliance cost, and simplify online technology for the overall positive impact on compliance among the SMEs are elements of paramount import for the success of the nation in meeting its socio-economic goals through guaranteed revenue collections by the Revenue House.
{"title":"An Investigation into the Causes of Tax Evasion and Avoidance by Small and Medium Enterprises (SMEs) and Their Effect on the Zambian Economy in Chililabombwe District","authors":"Kondwani Nyirenda","doi":"10.47191/jefms/v7-i3-22","DOIUrl":"https://doi.org/10.47191/jefms/v7-i3-22","url":null,"abstract":"This study was purposed to investigate the causes of tax evasion and avoidance and its effect on the Zambian economy in Chililabombwe District of the Copperbelt Province. It had two-fold objectives: to examine the causes of tax evasion and avoidance in Chililabombwe District by SMEs, and to determine the effect of tax evasion and avoidance in Chililabombwe District on the Zambian economy. The study used a mixed method approach combining both qualitative and quantitative paradigms in which 110 sample size was targeted. One Hundred and ten (110) questionnaires were distributed and 79 were returned representing 72%. Purposive and convenient sampling techniques were used. Quantitative data was analysed through the SPSS version 16 while qualitative data was analysed through content analysis focusing on main unfolding themes from the interviews. The study discovered that that there are loopholes in the Zambia Revenue Authority's (ZRA) tax administration system which are due to inefficiencies or inadequate competence of tax collectors, which taxpayers exploit in evading and avoiding tax. The investigation also revealed that on account of the established loopholes, certain revenue collectors collude with taxpayers to commit tax fraud by accepting bribes from them while poor sales, high tax rates, and lack of tax education to SMEs were noted to be among key reasons for tax avoidance. Consequently, the study ascertained with concern that the levels of development in the district, in terms of social amenities, schools, road network, and youth / women empowerment programmes are very low. The study concluded that tax evasion and avoidance were real and rife among the SMEs on account of the factors cited and that mitigative policy measures were required without any further delays. Arising from the results of the study, it was strongly recommended that for tax evasion and avoidance to be mitigated, the revenue authority needs to urgently reform the tax system to make it equitable and fair coupled with rigorous tax education to the traders for sufficient tax knowledge and thereafter digitize tax remittances with ease for the traders to file returns without need for middle persons. Tax morale and ultimately revenue collection can be improved through tax education programs, integrity of tax collectors, and reduction of tax rates chargeable to SMEs. Enhanced training and sensitization to create awareness, reduce compliance cost, and simplify online technology for the overall positive impact on compliance among the SMEs are elements of paramount import for the success of the nation in meeting its socio-economic goals through guaranteed revenue collections by the Revenue House.","PeriodicalId":497608,"journal":{"name":"Journal of economics, finance and management studies","volume":"124 24","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140380996","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 paper aims to analyze and examine the level of dependence of the non-productive age population on the productive age population. There are two age categories of non-productive age population, namely the age of 0-14 years called the young age group, and the age category of 65 years and over. This study is a quantitative descriptive research, using secondary data in the form of raw data about productive age population and non-productive age population. Data analysis using the dependency ratio formula in total, young age, and old age. Data sources from the Central Bureau of Statistics and related institutions. The research was conducted in West Nusa Tenggara Province for the 2013-2022 time period (according to data availability). The results of the analysis / study showed that in total for the initial seven years, the burden of dependence was in the category of moderate dependence (85 percent of the total DR was the burden of youth), while for the last three years it has been in the low dependency category. Partially young age, indicating the burden of dependents is in the low category, as well as for old age is in the category of low dependent burden.
{"title":"Study on the Ratio of Dependence of Non-Productive Age Population to Productive Age Population in West Nusa Tenggara, Indonesia","authors":"St. Maryam","doi":"10.47191/jefms/v7-i3-21","DOIUrl":"https://doi.org/10.47191/jefms/v7-i3-21","url":null,"abstract":"This paper aims to analyze and examine the level of dependence of the non-productive age population on the productive age population. There are two age categories of non-productive age population, namely the age of 0-14 years called the young age group, and the age category of 65 years and over. This study is a quantitative descriptive research, using secondary data in the form of raw data about productive age population and non-productive age population. Data analysis using the dependency ratio formula in total, young age, and old age. Data sources from the Central Bureau of Statistics and related institutions. The research was conducted in West Nusa Tenggara Province for the 2013-2022 time period (according to data availability). The results of the analysis / study showed that in total for the initial seven years, the burden of dependence was in the category of moderate dependence (85 percent of the total DR was the burden of youth), while for the last three years it has been in the low dependency category. Partially young age, indicating the burden of dependents is in the low category, as well as for old age is in the category of low dependent burden.","PeriodicalId":497608,"journal":{"name":"Journal of economics, finance and management studies","volume":"16 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140378992","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}
I. P. I. Pramana Putra, Made Surya Pramana, Anak Agung Istri Krisna Gangga Dewi
This research was conducted to discuss the influence of product quality and price on online purchasing decisions on the Shopee marketplace. The aim of this research is to determine the influence of product quality and price on online purchasing decisions on the Shopee marketplace (case study on fashion products). Data was collected through distributing questionnaires via Google Form with a sample of 108 respondents. The analysis used is classical assumptions, multiple linear regression analysis, F-test and t-test. Calculations were carried out using the IBM SPSS version 26 program. The results showed that product quality had a significant positive effect on purchasing decisions, product quality had a positive and significant effect on price, price had a significant positive effect on purchasing decisions, product quality and price had a significant effect on purchasing decisions overall simultaneous.
本研究旨在讨论产品质量和价格对 Shopee 网上购物决策的影响。本研究旨在确定产品质量和价格对 Shopee 网上购物决策的影响（时尚产品案例研究）。数据是通过谷歌表格发放问卷收集的，共有 108 个受访者。使用的分析方法包括经典假设、多元线性回归分析、F 检验和 t 检验。计算使用的是 IBM SPSS 26 版程序。结果显示，产品质量对购买决策有显著的正向影响，产品质量对价格有显著的正向影响，价格对购买决策有显著的正向影响，产品质量和价格同时对购买决策有显著影响。
{"title":"The Influence of Product Quality and Price on Online Purchase Decisions on the Shopee Marketplace","authors":"I. P. I. Pramana Putra, Made Surya Pramana, Anak Agung Istri Krisna Gangga Dewi","doi":"10.47191/jefms/v7-i3-02","DOIUrl":"https://doi.org/10.47191/jefms/v7-i3-02","url":null,"abstract":"This research was conducted to discuss the influence of product quality and price on online purchasing decisions on the Shopee marketplace. The aim of this research is to determine the influence of product quality and price on online purchasing decisions on the Shopee marketplace (case study on fashion products). Data was collected through distributing questionnaires via Google Form with a sample of 108 respondents. The analysis used is classical assumptions, multiple linear regression analysis, F-test and t-test. Calculations were carried out using the IBM SPSS version 26 program. The results showed that product quality had a significant positive effect on purchasing decisions, product quality had a positive and significant effect on price, price had a significant positive effect on purchasing decisions, product quality and price had a significant effect on purchasing decisions overall simultaneous.","PeriodicalId":497608,"journal":{"name":"Journal of economics, finance and management studies","volume":"18 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140077277","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}
Anna Rahmi Fauziyah, Anggita Langgeng Wijaya, Diyah Santi Hariyani
The aim of this study is to examine the impact of Good Corporate Governance (GCG) on financial performance and analyze whether earnings management affects the financial performance of mining companies listed on the Indonesia Stock Exchange (BEI) during the period 2018-2022. The research adopts a quantitative approach using Structural Equation Modeling (SEM) based on Partial Least Square (PLS). The population and sample consist of 47 mining companies listed on BEI from 2018 to 2022. The results indicate that GCG has a significant and positive influence on financial performance, while earnings management does not significantly affect financial performance. Furthermore, earnings management moderates the impact of GCG on financial performance.
{"title":"Good Corporate Governance to Financial Performance: Earnings Management Moderation","authors":"Anna Rahmi Fauziyah, Anggita Langgeng Wijaya, Diyah Santi Hariyani","doi":"10.47191/jefms/v7-i3-05","DOIUrl":"https://doi.org/10.47191/jefms/v7-i3-05","url":null,"abstract":"The aim of this study is to examine the impact of Good Corporate Governance (GCG) on financial performance and analyze whether earnings management affects the financial performance of mining companies listed on the Indonesia Stock Exchange (BEI) during the period 2018-2022. The research adopts a quantitative approach using Structural Equation Modeling (SEM) based on Partial Least Square (PLS). The population and sample consist of 47 mining companies listed on BEI from 2018 to 2022. The results indicate that GCG has a significant and positive influence on financial performance, while earnings management does not significantly affect financial performance. Furthermore, earnings management moderates the impact of GCG on financial performance.","PeriodicalId":497608,"journal":{"name":"Journal of economics, finance and management studies","volume":"29 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140077351","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 participation of foreign investors in a country's securities market plays a crucial role in the growth of any country. Kenya has continued to experience volatility of foreign investor flows leading to instability in the financial market. The study aimed to identify the macroeconomic determinants, which have a significant effect on foreign investor participation in Kenya. Secondary monthly data for the period January 2020 to December 2023 was extracted from the Central Bank of Kenya, Capital Markets Authority, and Kenya National Bureau of Statistics. The multiple regression model with the assistance of SPSS software was employed to analyze data. Findings revealed that the inflation rate, exchange rate, and GDP growth rate had a negative and statistically significant effect on the participation of foreign investors as illustrated by P-values of 0.001, 0.032, and 0.05 respectively, which are less than 0.05. The results inferred that the inflation rate, exchange rate, and GDP growth rate affect the participation of foreign investors at the Nairobi Securities Exchange. Interest rate as measured by the 365-day Treasury bill rate had a positive and statistically insignificant effect on the participation of foreign investors as presented by a P-value of 0.107. The results implied that changes in Treasury bill rates do not affect the participation of foreign investors at the Nairobi Securities Exchange. The notable fluctuations in currency rates and their volatility, along with the impact of inflation on foreign portfolio inflows, underscore the crucial role played by monetary policy. This should be accomplished by stabilizing the value of the Kenyan shilling. Maintaining the stability of the value of the shilling is crucial to boosting the participation of foreign investors.
{"title":"On the Macroeconomic Determinants of Foreign Investor Participation in the Nairobi Securities Exchange in Kenya","authors":"Loice Koskei","doi":"10.47191/jefms/v7-i2-53","DOIUrl":"https://doi.org/10.47191/jefms/v7-i2-53","url":null,"abstract":"The participation of foreign investors in a country's securities market plays a crucial role in the growth of any country. Kenya has continued to experience volatility of foreign investor flows leading to instability in the financial market. The study aimed to identify the macroeconomic determinants, which have a significant effect on foreign investor participation in Kenya. Secondary monthly data for the period January 2020 to December 2023 was extracted from the Central Bank of Kenya, Capital Markets Authority, and Kenya National Bureau of Statistics. The multiple regression model with the assistance of SPSS software was employed to analyze data. Findings revealed that the inflation rate, exchange rate, and GDP growth rate had a negative and statistically significant effect on the participation of foreign investors as illustrated by P-values of 0.001, 0.032, and 0.05 respectively, which are less than 0.05. The results inferred that the inflation rate, exchange rate, and GDP growth rate affect the participation of foreign investors at the Nairobi Securities Exchange. Interest rate as measured by the 365-day Treasury bill rate had a positive and statistically insignificant effect on the participation of foreign investors as presented by a P-value of 0.107. The results implied that changes in Treasury bill rates do not affect the participation of foreign investors at the Nairobi Securities Exchange. The notable fluctuations in currency rates and their volatility, along with the impact of inflation on foreign portfolio inflows, underscore the crucial role played by monetary policy. This should be accomplished by stabilizing the value of the Kenyan shilling. Maintaining the stability of the value of the shilling is crucial to boosting the participation of foreign investors.","PeriodicalId":497608,"journal":{"name":"Journal of economics, finance and management studies","volume":"218 S704","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140428396","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 growth of the financial derivatives market has been identified as a significant channel to drive the overall growth of the capital market, and the development of capital market efficiency has been widely regarded as crucial. The performance of derivatives in Kenya has been fluctuating causing uncertainty in the market. The study analyzed the performance of the Nairobi Securities Exchange Derivatives Market in Kenya since its establishment in July 2019. The study draws on secondary data from the Capital Markets Authority and Nairobi Securities Exchange from July 2019 to December 2023. Descriptive statistics was adopted for data analysis with the help of SPSS software. Findings indicated that Safaricom Plc has been active and the best-performing company in trading single futures derivatives contracts at NEXT with the highest total turnover in Kenya shillings. The other companies that followed Safaricom closely were Equity Group Holdings and Kenya Commercial Bank. The overall performance of other companies in terms of derivatives contracts traded over the years has been fluctuating. Overall, the NEXT has made many strides in terms of derivatives trading in Kenya. The securities market regulators need to encourage all listed companies to participate in the Nairobi Securities Exchange Derivatives market to increase options available at the market and improve the Country’s economy.
{"title":"An Analysis of the Derivatives Market Performance in Kenya: A Case of Nairobi Securities Exchange Derivatives Market","authors":"Loice Koskei","doi":"10.47191/jefms/v7-i2-52","DOIUrl":"https://doi.org/10.47191/jefms/v7-i2-52","url":null,"abstract":"The growth of the financial derivatives market has been identified as a significant channel to drive the overall growth of the capital market, and the development of capital market efficiency has been widely regarded as crucial. The performance of derivatives in Kenya has been fluctuating causing uncertainty in the market. The study analyzed the performance of the Nairobi Securities Exchange Derivatives Market in Kenya since its establishment in July 2019. The study draws on secondary data from the Capital Markets Authority and Nairobi Securities Exchange from July 2019 to December 2023. Descriptive statistics was adopted for data analysis with the help of SPSS software. Findings indicated that Safaricom Plc has been active and the best-performing company in trading single futures derivatives contracts at NEXT with the highest total turnover in Kenya shillings. The other companies that followed Safaricom closely were Equity Group Holdings and Kenya Commercial Bank. The overall performance of other companies in terms of derivatives contracts traded over the years has been fluctuating. Overall, the NEXT has made many strides in terms of derivatives trading in Kenya. The securities market regulators need to encourage all listed companies to participate in the Nairobi Securities Exchange Derivatives market to increase options available at the market and improve the Country’s economy.","PeriodicalId":497608,"journal":{"name":"Journal of economics, finance and management studies","volume":"53 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140431006","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}
Jesson Rey F. Sabado, Jezyl Rose R. Tagalog, Ellieza L. Sarmiento, Arabella B. Gaquit
Government borrowing has emerged as one significant method that helps in mobilization of resources for economic growth especially in emerging economics. Most governments in developing economies resort to borrowing as a way of financing budget deficit. This paper identifies the effects of government borrowing to investment growth in the Philippines. Specifically, it presented the trend of gross domestic product, internal debt, and external debt from 1990-2020. The study used Johansen Co-integration, Granger Causality, and Vector Autoregression (VAR) models to analyze this study. Johansen’s Co-integration analysis revealed that the gross domestic product (GDP), internal debt (ID), and external debt (ED) are rejected at a 5% significant level and showing that all relevant variables have a long-term relationship and the data are co-integrated. On the other hand, unrestricted VAR model, there exist a relationship between gross domestic product (GDP), internal debt (ID), and external debt (ED). The Granger Causality test result revealed the direction of the causal relationship between independent and dependent variables; gross domestic product, internal debt, and external debt at the 5% significant level.
政府借贷已成为一种重要方法，有助于为经济增长调动资源，尤其是在新兴经济国家。发展中经济体的大多数政府都将借贷作为弥补预算赤字的一种方式。本文探讨了政府借贷对菲律宾投资增长的影响。具体而言，本文介绍了 1990-2020 年间国内生产总值、内债和外债的变化趋势。本研究采用约翰森协整、格兰杰因果关系和向量自回归模型进行分析。约翰森协整分析表明，国内生产总值（GDP）、内债（ID）和外债（ED）在 5%的显著水平下被拒绝，表明所有相关变量具有长期关系，数据是协整的。另一方面，在非限制性 VAR 模型中，国内生产总值（GDP）、内债（ID）和外债（ED）之间存在关系。格兰杰因果检验结果表明，在 5%的显著水平上，自变量和因变量（国内生产总值、内债和外债）之间存在因果关系。
{"title":"The Effects of Government Borrowing to Investment Growth of the Country","authors":"Jesson Rey F. Sabado, Jezyl Rose R. Tagalog, Ellieza L. Sarmiento, Arabella B. Gaquit","doi":"10.47191/jefms/v7-i2-45","DOIUrl":"https://doi.org/10.47191/jefms/v7-i2-45","url":null,"abstract":"Government borrowing has emerged as one significant method that helps in mobilization of resources for economic growth especially in emerging economics. Most governments in developing economies resort to borrowing as a way of financing budget deficit. This paper identifies the effects of government borrowing to investment growth in the Philippines. Specifically, it presented the trend of gross domestic product, internal debt, and external debt from 1990-2020. The study used Johansen Co-integration, Granger Causality, and Vector Autoregression (VAR) models to analyze this study. Johansen’s Co-integration analysis revealed that the gross domestic product (GDP), internal debt (ID), and external debt (ED) are rejected at a 5% significant level and showing that all relevant variables have a long-term relationship and the data are co-integrated. On the other hand, unrestricted VAR model, there exist a relationship between gross domestic product (GDP), internal debt (ID), and external debt (ED). The Granger Causality test result revealed the direction of the causal relationship between independent and dependent variables; gross domestic product, internal debt, and external debt at the 5% significant level.","PeriodicalId":497608,"journal":{"name":"Journal of economics, finance and management studies","volume":"12 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140436387","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}
Corporate reputation is one of the competitive advantage factors used by a company. This study aims to empirically examine the effect of institutional ownership on corporate reputation by considering profitability as a mediating variable. The research method used in this research is the quantitative research method. The sample of companies obtained was 86 companies with 246 observations. The data collection technique used is the documentation technique obtained from the websites www.idx.co.id and www.imacaward.com. The results showed that institutional ownership has a significant negative effect on profitability at the 5% level, profitability has no effect on corporate reputation, and institutional ownership has a significant positive impact on corporate reputation at the 10% level. Based on the three results of the analysis, profitability cannot mediate the effect of institutional ownership on corporate reputation.
{"title":"The Effect of Institutional Ownership on Company Reputation with Profitability as a Mediating Variable","authors":"Nur Aufa Susianti, Wahidatul Husnaini","doi":"10.47191/jefms/v7-i2-48","DOIUrl":"https://doi.org/10.47191/jefms/v7-i2-48","url":null,"abstract":"Corporate reputation is one of the competitive advantage factors used by a company. This study aims to empirically examine the effect of institutional ownership on corporate reputation by considering profitability as a mediating variable. The research method used in this research is the quantitative research method. The sample of companies obtained was 86 companies with 246 observations. The data collection technique used is the documentation technique obtained from the websites www.idx.co.id and www.imacaward.com. The results showed that institutional ownership has a significant negative effect on profitability at the 5% level, profitability has no effect on corporate reputation, and institutional ownership has a significant positive impact on corporate reputation at the 10% level. Based on the three results of the analysis, profitability cannot mediate the effect of institutional ownership on corporate reputation.","PeriodicalId":497608,"journal":{"name":"Journal of economics, finance and management studies","volume":"24 11","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139957339","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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