International Journal of Professional Business Review
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Tourism Development and Impacts of Local Livelihood Transition on The Highlands Of Mount Nona, Ambon Island
Get PDFPurpose : Tourism development in rural areas is considered as a strategic step to lower the poverty level through new potentials in household livelihoods.This study aims to investigate the tourism development and the impacts of livelihood transition in the highlands of Mount Nona, Ambon Island.As a result, both the government and the land owner are not able to manage this local asset
Theoretical Framework : Due to huge contributions in tourism to the regional income, it is need more focused and coordination between the governmnet and community. However mostly the area which had a plethora natural resources is the poorest area. It indicated that there are lack of the government contributions in developing tourism area and land owner issue. . To solve this issues, it is important to give an attention and explanation related to the natural resources management theory beside human resources. If the government can manage all with their policy and bureaucracy, it will be convenient to realize the development goals in tourism sector.
Design/Methodology/Approach : This study was done using a qualitative method with a case study approach, studying a touristy attraction focusing on a selfie tourism called Siwang Paradise located in the highlands of Mount Nona, Ambon Island. The data was collected through in-depth interviews and observations done in two phases in November 2021 to February 2022. A total of 24 key informants participated in this study was selected using a purposive sampling technique based on the following criteria: first, the key informant must be part of the management of of Siwang Paradise; second, the key informant must be the member of rural community benefitted from the opening of Siwang Paradise. After the data collection process, the data was analyzed following the stages proposed by Creswell.
Findings : The results show that the development of Siwang Paradise did have a significant contribution to the creation of new livelihoods through increased income. However, on the other hand, this livelihood transition had a potential threat to the household economy of the rural community itself. This condition could be caused by the community’s lack of knowledge and experience regarding the management of touristy objects, the uncertain tourist season, and the Covid-19 pandemic. These various threats left the community with no other alternative to maintain their livelihood.
Future Implications : There are a limitations in this study which is need to be completed by future research. For instance tourism development arisen from the community level, the role of the government and the private sector was highly needed. It should also be followed by the rural community as targets for the tourism development to be given knowledge transfer, promotion, and the access to information and infrastructure. This phenomenon need to be discussed by further research more deeply by using another methods and approach such as mix method to suggest several recommendations and policy to solve the tourism issues in rural area.
Originality/Value : The findings of the study indicated that natural resources manajement and ownership theory are important to develop tourism business in rural area so that people will lived in poverty through wise management and economically.Otomatically, the regional income will be increase
Does Quality of Audit Committee Enhance Audit Quality?
Get PDFPurpose: This study investigates whether quality of audit committee affects audit quality of Korean listed firms using panel data during the period 2008 to 2018.
Theoretical framework: Recent studies show that characteristics of audit committees such as size, activity, and expertise have a significant impact on the monitoring of the financial reporting process (He and Yang, 2014; Asiriuwa et al. 2018). Therefore, it is necessary to carry out systematic empirical studies to understand the effectiveness of the audit committee from various perspectives.
Design/methodology/approach: The quality of audit committee is classified into four categories: 1) activity, 2) independence, 3) expertise, and 4) the presence of female audit committee member. Audit quality is measured by auditor size and accruals quality.
Findings: This study finds that activity and expertise of audit committee enhance audit quality whereas independence of audit committee does not affect audit quality. The female audit committee member partially enhances audit quality.
Research, Practical & Social implications: This study suggests that the high quality of the audit committee enhances the audit quality and increases the accounting transparency of the firm.
Originality/value: The empirical results of this study suggest that firm should concentrate the optimal composition of the audit committee, not simply the establishment of the audit committee
The Relationship Between the Risk Disclosure and Risk Management Committee on Banks Value: Empirical Evidence From Jordan
Get PDFPurpose: Government levels may better fulfill the expanding expectations for public service governance, performance management, and accountability with the use of risk management backed by an integrated management accounting and control system. To explain how the risk management committee and risk disclosure affect bank value, this paper draws on agency theory and signaling theory, by using the market to book ratio (MTBR) to measure bank value.
Theoretical Framework: This article explains how the characteristics of risk management committees (RMCC) (size, independence, qualifications, meetings, executive membership, expertise, and dual membership) and voluntary risk disclosure influence each other on the value of Jordanian banks from 2014-2021.
Design/methodology/approach: The descriptive statistics of risk disclosure practices were calculated by the study sample using data from 18 banks collected between 2014 and 2021. The study variables' observations have an unbalanced distribution as well. 120 observations across all study variables are included in this paper. To calculate the bank value in this study, we use the Market to Book Ratio (MTBR). The regression analysis employed the multiple regression model.
Findings: The results indicate that risk management committee qualifications in accounting or finance significantly negatively affect bank value, while other variables have a significant impact on the value of Jordanian banks, such as risk management committee expertise, risk management committee dual membership with the compensation committee, risk management committee independence, and executive membership in the composition of the risk management committee.
Originality/value: This paper provides new empirical evidence in financial and accounting literature regarding the effect of the RMCC characteristics on Jordanian banks' value. Also, The main contribution of the paper is the discovery that the influence of an RMCC tends to encourage more disclosure of risk management to minimize risks
An Empirical Study on Regional Government-Owned Bank and Local Government Fund in Indonesia
Get PDFPurpose: The aim of this study is to examine which factors give impact on BPD performance as Regional Development Bank that still relies on Local Government Fund.
Theoretical framework: Research on BPD performance so far without looking at special conditions where the bank's performance is experiencing very good performance and without mentioning the dependence of BPD on local government funds, so this research was conducted
Design/methodology/approach: The study collects data from 25 Indonesian Regional Development Banks (BPD) in period 2013-2017. Data analysis technique in this research uses multilinear regression.
Findings: The results of this research show that Growth of Third Party Fund (GTPF) has no effect on ROA. CAR and LDR have a positive and significant effect on ROA. Meanwhile, NPL and QAP have a negative and significant effect on ROA.
Research, Practical & Social implications: The implication of this study indicates that management of bank needs to conduct a better strategy to maximize the profit from third party funds. Also, local government should consider other private bank as an alternative to deposit their fund. So that, Regional Government-owned bank may compete to other banks and it becomes independent.
Originality/value: This study highlights the performance of BPD banks specifically in periods where the bank's performance is still very dependent on local government funds
The Relationship Between the Random Walk of the Returns of Financial Market Indices and Market Efficiency: an Analytical Study of the Indicators of a Sample of Arab Financial Markets
Get PDFPurpose: The aim of this article is to study focused through the sample that was selected for the Arab financial markets (Iraq, Kuwait, Dubai) on testing the behavior of the returns of the stock indices for the sample to verify whether they follow the random walk or not.
Theoretical framework: The concept of financial market indices and market efficiency was considered as a complex multi-tiered system. theory of capital markets functioning were employed in the study.
Design/methodology/approach: At the weak level, the research dealt with the returns of the daily market indices during the period from January 5/2021 to December 1, 2021.
Findings: through the use of three tests, which are to test the normal distribution of the studied observations using the test (Kolmogorov-Smirnov test), and the time-series stability test (Stationary), which is known as the unit root test through the use of the modified Dickey-Fuller Test, and the serial self-correlation test (Q-Stat) as part of the financial markets efficiency test.which means that the conscious investor can benefit from achieving extraordinary returns in those markets.
Research, Practical & Social implications: We suggest a future research agenda and highlight the contributions made to executive and financial market.
Originality/value: The research concluded that the random movement hypothesis was accepted, and that the stock indices reflect all the historical information in the researched markets, and then the efficiency of the studied markets at the weak level.
Creative Accounting in Local Governments to Obtain Funds for COVID-19 Management
Get PDFPurpose: This study aims to test whether local governments in Indonesia carry out creative accounting to obtain a national economic response loan in dealing with the COVID-19 pandemic with 0% interest.
Theoretical framework: According to public choice theory, it can be predicted that local government will take advantage the National Economic Recovery (PEN) loan program with 0% interest from central government for their covid-19 prevention. Local government will fix the financial information which adjusted to the central government regulation in order to obtain the loan.
Design/methodology/approach: The research population in the first year was all local governments in Indonesia. The sample obtained in this study was 51 local governments according to the criteria in the purposive method. The data analysis technique used in the study was the STATA analysis tool version 15.
Findings: The result analysis regression has proven that the local government loan positively affects creative accounting. This study can also prove that geographic location and local government independence positively affects creative accounting.
Research, Practical & Social implications: The low level of local government financial statement accessibility in Indonesia has resulted in a minimum amount of data being obtained. This can be a motivation for further research to examine the level of financial statements transparency in Indonesia.
Originality/value: This study is the first to examine creative accounting by government accountants. Secondly, this study can improve scientific studies, especially financial accounting through empirical evidence about creative accounting carried out by Indonesian local governments in developing countries that have different characteristics from other countries in the world
Trends in Cause-Related Marketing (CRM): Scientometrics Analysis Through Prism of Biblioshiny
Get PDFPurpose: Although interest in cause-related marketing has grown steadily since 1998, the field as a whole remains disorganized. Accordingly, this research aims to undertake a thorough literature evaluation on CrM. This research aims to create a comprehensive picture of cause-related marketing from 1988 through March 2022 by combining data from Scopus and Web of Science (WOS).
Design/Methodology/Approach: Articles were analysed using bibliometric criteria in this study. Bibliographic analysis facilitates research into and evaluation of multiple perspectives, as well as the assessment of the field’s growth. Biblioshiny, a bibliometrics tool developed at the R-studio, was used to assess the quality of research papers on the topic of CrM that were gathered from the databases Scopus and Web of Science. The most prominent authors, articles, journals, organisations, and nations in the field of cause-related marketing were determined after reviewing 646 papers published between 1988 and 2022. The most common words used in the titles, meta-descriptions, and abstracts were also counted.
Findings: The state of CrM research and research patterns over the previous 30 years were thoroughly investigated using visualisation techniques such as content analysis, word cloud, citation analysis, etc. This study has uncovered some new ground for investigation into cause-related marketing.
Research Limitations/Implications: Many more publications could not be included for generalisation reasons because the study included data from two databases. Additionally, our research shows that there aren’t many journals that have written about cause-related marketing.
Practical Implications: This article may be helpful to both researchers and practitioners who are looking for research advice. Based on trend subjects, co-occurrences, and historical networks, this research also suggests potential new study topics for the future.
Originality/Value: This is the first study to use the bibliometrics package in R to create a visual representation of the body of work produced on the topic of CrM in the thirty years since the notion was originally articulated
Analysis of the Impact of Six Sigma and Risk Management on Iraq's Energy Sector Metrology
Get PDFPurpose: aims the study to show How to be can to enhance measurement management by incorporating a risk-based approach and the six sigma method into a more thorough assessment of metrological performance.
Theoretical framework: Recent literature has recorded good results in analyzing the impact of Six Sigma and risk management on the energy sector (Barrera García et al., 2022) (D'Emilia et al. 2015). However, this research came to validate and emphasize the most comprehensive assessment of metrological performance by integrating Risk management based approach and Six Sigma analysis.
Design/methodology/approach: This study was conducted in Iraqi petroleum refining companies. System quality is measured in terms of sigmas, and two indices—one for actualizing metrological risk and another for its management—are assessed.
Findings: We find the all dimensions of the six sigma projects implemented facilitate the correction and adaptation of the main tasks aimed at improving the measurement management system.
Research, Practical & Social implications: a risk-based approach and the six sigma method are can enhance the measurement management system and collect feedback on its performance.
Originality/value: The merge a risk-based approach and the six sigma method its usefulness as a methodological tool for enhancing measurement management has been demonstrated
Detecting Sticky Costs in Iraqi Industrial Companies an Empirical Study of a Sample of Iraqi Companies Registered on Iraq Stock Exchange
Get PDFPurpose: This research aims to reveal the sticky costs in Iraqi joint stock companies.
Theoretical framework: Sticky costs refer to the costs that increase with the increase in revenues by a greater amount than their decrease in exchange for a similar decrease in revenues. To manage cost, it is important to understand and know the behavior of cost.
Design/methodology/approach: This research uses inductive and descriptive analytical methods that is commonly used in applied and field studies on accounting and management issues, as well as in literature and empirical studies to verify research proposals. This study adopted multiple logarithmic linear regression analysis estimated by ordinary least squares (OLS) to examine asymmetrical behavior of selling costs, general and administrative costs, and costs of goods sold individually and collectively (total costs) for a sample (101) of published lists of Iraqi joint stock companies registered in Iraqi Stock Exchange for the period 2010-2019.
Findings: The results showed that sticky behavior of selling and general and administrative costs and their components is a common phenomenon in cost behavior of Iraqi joint stock companies during the study period, while costs of goods sold, and total costs are not. The latter may have been showing anti-sticky behavior.
Research, Practical & Social implications: Our work contrasts the conventional model of cost behaviour, in which costs move proportionately with changes in activity, with an alternative model, in which sticky costs emerge. This is because managers consciously shift the resources devoted to activities.
Originality/value: The sticky cost research that has been done in relation to the initial sticky cost research, particularly in industrialised nations like the UAS, Uk, and Canada, is the main emphasis of this study. Future research will take into account how sticky research is developing in any other nations, which could expand our understanding of sticky cost research as a whole
Exploration of the Advantages of Tourism Branding in Bali, Indonesia
Get PDFPurpose: This research tried to find a short-term solution by designing an itinerary model for Bali tourism destinations. This model was believed to be able to help travel entrepreneurs choose the tourism branding to take to their tourist destinations advantages.
Theoretical framework: Destination quality and marketing in the marketing mix, there is a set of marketing tools known as the 4P mix, namely Product, Price, Place, and Promotion, whereas tourism marketing has several additional marketing tools that are broken down or developed from product elements such as attraction, accessibility, convenience, and ancillary, which hereinafter known as 4A + 3P mixture. So the tourism marketing mix includes 3P namely: Price, Place, and Promotion, and added 4A namely Attraction, Accessibility, Amenity, and Ancillary
Design/methodology/approach: This study uses a desk research method by conducting studies and comparisons of several theories and secondary data from a couple of official reports then compared with the development of Bali tourism destinations. The Bali tourism destination consist of 8 regencies namely Badung, Gianyar, Bangli, Klungkung, Karangasem, Tabanan, Jembrana, and Buleleng, and 1 city that namely Denpasar.
Findings: All regencies and cities in Bali, it can be explained that Bali Tourism has branding strength in nature, heritage, and culture. The provincial government must be able to make a joint consensus to determine development priority scales based on the advantages of each region, who is the center of tourism, and who is the supporter of tourism. more importantly, what is the ideal distribution system, and determines the composition of the allocation of tourism's contribution to regional development in the Province of Bali.
Research, Practical & Social implications: All the tourist attractions in all regencies and cities in the Province of Bali, it seems that they have the same category, except for the City of Denpasar. As a result, a joint promotion program through the promotion of the Province of Bali, will be able to become a more effective, and efficient promotion program.
Originality/value: The value of the study is finding the advantages of tourism branding in Bali can be determined in real-time