International Journal of Commerce and Finance (IJCF - İstanbul Commerce University)
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The Role of Zakat in National Economic Transformation through Regional Economic Growth in South Sulawesi Province
Get PDFThis study aims to determine the contribution of Zakat to economic growth in South Sulawesi Province. The economy of South Sulawesi in the second quarter grew significantly by 7.66 percent, higher than the first quarter of 2021 which recorded a contraction of 0.21 percent. The economic recovery was mainly supported by domestic consumption, which rebounded in line with the increasing mobility of the people. The regional income of South Sulawesi Province was IDR 4.19 trillion, dominated by transfer income. Regional revenue and expenditure budget expenditures were realized at IDR 3.44 trillion in the second quarter of 2021 (31.28% of the 2021 ceiling). Lower than the second quarter of 2020 which reached 41.39%? Most of the budget absorption was realized for operational expenditures (58.79% share) and capital expenditures (25.34%). The business sector, transportation, warehousing, trade, and construction are the main contributors to economic improvement in South Sulawesi Province, which experienced growth during the national economic recovery period of 73.95 percent
A Study Of Green Human Resources Management (GHRM) Practices in The Strategic Management
Get PDFThe recent increase in environmental problems has made it necessary for organizations to create environmental strategies. “Green culture” becomes even more important, especially if the raw materials used, the production process and the product itself can harm the environment. As environmental awareness, sustainability and environmental responsibilities become more and more important, organizations include environmental elements in their strategies. The effective and efficient carry out of environmental strategies in the organization is possible with the support of managers and the participation of employees. Green human resources management (GHRM) takes an active role in the environmental and sustainability goals of organizations and the HR department turns into a key strategic unit. It’s important for the whole organization that human resources management and practices gain a “green” dimension. This study aims to reveal the relation between strategic management and GHRM and its practices. The research was designed with qualitative features. In-depth interviews were used in the research. The results of the study have revealed that green human resources practices are carried out even if green human resources are not directly involved in the strategic management process. In addition, it has revealed which green human resources practices are used in the organizations
Does Fintech Literation Affect Cashless Society And Individual Shopping Culture?
Get PDFAbstractThis research examined the impact of financial technology literacy on the phenomenon of cashless society and the changes of individual spending culture in the millennial generation. Respondents in this study were the millennial generation, particularly those born and grew up amid the technology advances. They live in such different Indonesia cities as Jakarta, Bogor, Tangerang (Jabodetabek). This study employed the Structural Equation Modelling (SEM) to perform the data analysis. The result showed a significant positive effect of fintech literacy on a cashless society, fintech literacy on the individual shopping culture changes, cashless society on the personal shopping culture changes, and fintech literacy on the individual shopping culture changes through cash less society. The results also show an increased cashless society the millennial fully understand the financial technology literacy. This condition will affect the change of the individual spending culture. The increased cashless society phenomenon will affect the culture individual spending changes. The results are beneficial for the government’s financial technology policy, and the fintech companies can make use of it as the evaluation material and as a motivation to innovate the fintech based business
Centralised or De-centralised Gender Policies ? Measuring Regional Gender Disparities in Turkey
Get PDFThis study provides the most comprehensive mapping of gender inequality in Turkey, and thus helping to establish a baseline to untangle locality-specific factors stimulating gender inequality. By measuring the distance from gender parity, the findings reveal that all cities have gender inequality. However, the issue is more severe for the cities in eastern Turkey than for those in the west. We compared the socioeconomic inequality of the cities and their level of closeness to parity, to determine which indicators must be prioritised as “impact zones” for each city to act upon. But the cities do not have relatively consistent parity figures, suggesting they are not similar to one another. Therefore, the intervention policies adopted in one may not necessarily be effective in others. All in all, the Turkish case explored in this study offers insights for other developing countries to review their policies to overcome their “gender inequality trap”
Factors Influencing the Success of Agricultural Cooperatives Marketing in a Case of Some Selected Woredas of Ilubabor And Buno Bedele Zones
Get PDFAbstractThis study aimed at assessing and identifying the factors influencing the success of agricultural marketing cooperatives in Some Selected Woredas of Ilubabor And Buno Bedele Zones. The targets for this research were members of agricultural marketing cooperatives (AMCs). For the sake of achieving the objectives of this study, responses were elicited from four hundred thirty five (435) respondents who were drawn from the target population using random sampling procedure. Face-to-face interviews were conducted with 21 officers’ and cooperative leaders of AMCs. Data were analyzed using inferential analyses. Besides, the qualitative data collected were analyzed using descriptive narrations through concurrent triangulation strategy. The findings indicate that, there exists positive significant ranging from strong to Very strong relationship was found between independent variables and dependent variable. Moreover, the selected independent variables significantly explain the variations in the dependent variable. Finally, the study has suggested cooperative promoter, government, and prospective members should prioritize those factors that have greater impact on their success than do others i.e., commitment of members, managerial factor and their participation, the management of cooperatives should create awareness for farmers about what benefit the farmers as well as the country would get when they provide and sell their agricultural products by cooperatives.. Additionally, the responsible government bodies should identify, address and strength the relationship of foreign and domestic market linkages and also cooperatives should be managed by professional personals to increase the success of cooperatives at the maximum level. Key Words: Agricultural Marketing Cooperatives, success
Determinants of Islamic Performance Ratio in Islamic Banks with Return on Assets as Moderating Factor
Get PDFThe plan of the Indonesian government that wants to make Indonesia the center of the world's Islamic economy and finance must be supported by all stakeholders. Therefore, as one of the vital elements in the Islamic financial ecosystem, Islamic banks need to have an excellent performance to increase the trust of the national and international community. In addition, Islamic banks with different operational principles from conventional banks should have different performance measurements compared to performance measurements from conventional banks.The purpose of this study is to analyze the factors that can potentially affect the Islamic Performance Ratio (IPR). These factors include independent variables consisting of financing, the distribution ratio (Financing to Deposit Ratio-FDR), labor cost ratio (LCR), promotion cost ratio (PCR), financing quality ratio (Non-Performing Financing-NPF), ratio distribution of financing to micro, small and medium enterprises (MSMEs) and Return on Assets (ROA). Furthermore, to determine the relationship between financial performance indicators in conventional banks (ROA) with financial performance indicators and social performance in Islamic banks (IPR), ROA becomes a moderating variable.The results of this study show that FDR has a positive and significant effect on IPR, LCR has a negative and insignificant effect on IPR, PCR has a positive and significant effect on IPR, NPF has a negative and significant effect on IPR, MSMEs have a positive and significant effect on IPR, ROA has a positive and significant effect on IPR, and ROA has a positive and significant effect on IPR. Significant to the IPR. Whereas the ROA variable as a variable that moderates the relationship of these independent variables to IPR results in that ROA moderates the effect of ROA positively and significantly on IPR, ROA moderates the effect of LCR negatively and significantly on IPR, ROA moderates the effect of PCR positively and significantly on IPR. Also, ROA positively and significantly moderates the effect of MSMEs on IPR
The Roles of Unique Product Development and Global Technological Competence in the Effect of International Entrepreneurial Orientation on Company Performance in International Markets: A Study on Born Global Companies
Get PDFThe purpose of this study is to search the mediator roles of unique product development and global technological competence in the effect of international entrepreneurial orientation on company performance in international markets for born global companies. The study was conducted on born global companies which started its international activities in its first 7 years and operate in technoparks in Turkey. Data was collected by a questionnaire from 158 born global companies. According to the method proposed by Baron and Kenny, three models were created and compared with each other. The Structural Equation Modeling (SEM) method was applied because it is more appropriate for complex models. According to the findings of the study, unique product development and global technological competence do not have mediator roles in the effect of international entrepreneurial orientation on company performance in international markets. However, there is a direct effect of international entrepreneurial orientation on company performance in international markets. Global technological competence has a direct effect on performance in international markets. On the other hand, unique product development does not have a direct effect on performance in international markets but unique product development has a direct effect on global technological competence
The Effect of Customer Relationship Marketing in Customer Retention and Customer Acquisition
Get PDFWithout a good marketing team and strategy, any company is bound to fail. To remain competitive and profitable in the market, companies should attract and maintain successful customers. For client relationship marketing, this is definitely finished. Marketing for partnerships is a business philosophy, a strategic orientation that focuses on maintaining and developing existing customers instead of gaining new customers. The goal of this research is to examine the role of marketing customer relationships in customer acquisition and retention of customers. The research is based on a survey. For this research, the study sample was taken by cosmetics customers. Data studies have been performed using frequencies, means and standard deviations. Furthermore, bivariate correlations and multiple regressions are used with inferential statistics. The findings of this study show that consumer marketing relationships are significant and strongly associated with the acquisition and retention of customers. Furthermore, the study shows that trust, commitment, communication and conflict handling have an important effect on the customer’s retention and customer’s acquisition. The practical implications of this study are that organizations should build a better customer retention marketing plan
Good Corporate Governance, Leverage, Firm Size And Earning Management Evidence from Indonesia
Get PDFThe purpose of this study is to analyze the effect of Good Corporate Governance, Leverage and Firm Size on Earning Management in manufacturing companies listed on the Indonesia Stock Exchange for the period 2015 to 2019. The study involves secondary data in the form of annual financial reports from 66 companies that meet the criteria obtained from the IDX website and the research object is Good Corporate Governance, Leverage, Firm Size as the independent variable and Earning Management as the Dependent variable. The analysis uses regression with E-views version 11.0.The results showed that all independent variables represented by Good Corporate Governance, Leverage and Firm Size had a weak effect on Earning Management and partially, only Leverage had a significantly negative effect on Earning Management. The implication of this research, is that the parties who concern with the limitation of Earning Management activities supposed to consider Leverage in their decision making
Testing the Stability of Tourism-Led Growth Hypothesis for Ethiopia
Get PDFTourism-Led Growth (TLG) hypothesis demonstrates the profound contribution of tourism industry to the growth of real income. This study examines the long-term impact of international tourism on economic growth in Ethiopia, using a series of annual data spanning from 1995 to 2018. We contribute to the existing empirical literature on Tourism-Led Growth hypothesis, by adopting the conventional least squares framework and the Engle-Granger cointegration test between tourism receipts, trade openness, expenditures on physical capital, expenditures on tertiary education and economic growth in Ethiopia. The Engle-Granger (1987) tested stable long-term relation between the variables considered. This partly guarantees the TLG hypothesis. However, contrary to the predictions of TLG, we have estimated insignificant impact of tourism receipts on the long-run growth of Ethiopian economy, while challenging trustworthiness of the hypothesis in the context of Ethiopia. Our results revealed that the theory itself is incomplete. Besides, the foreign direct investment and domestic investments in physical capital were found significant contributor of long-run real income growth in Ethiopia. It is recommended that the government of Ethiopia should encourage private sector participation to develop the necessary infrastructures in order to achieve higher room tenancy