Journal of Economic and Economic Policy
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80 research outputs found
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USING BIG DATA IN AUDITING: OPPORTUNITIES AND CHALLENGES IN ENHANCING THE EFFECTIVENESS OF FINANCIAL AUDITING
No full textObjective: This research aims to assess the impact of big data on enhancing the effectiveness of financial auditing, with a particular focus on the challenges and opportunities facing regulatory bodies and accounting institutions in the government sector. The research highlights its importance in light of the research gap resulting from the concentration of most leading academic studies on the private sector context. Method: The research relied on an analytical approach to analyze the conceptual framework and global trends in the use of big data in auditing, and also used an applied/descriptive approach (the actual applied approach is mentioned here: e.g., case study or questionnaire analysis) to study the target sample in Iraq. Results:The main findings showed that the use of big data significantly contributes to improving the quality and efficiency of financial auditing by enabling auditors to conduct a comprehensive analysis of all transactions (continuous auditing) rather than relying on samples, thereby enhancing the ability of regulatory agencies to proactively detect risks and fraud. However, the results indicated an essential structural and technical problems, notably on the outdated infrastructure and the dire need for training human personnel. There is also the need to protect government’s sensitive data as it will be integrated into big technology. Novelty: The study commends that regulatory bodies should develop a dynamic governance model that will balance the maximum chances provided by the big data in consonance with cybersecurity demands. It also suggests the adoption of AI-inclined analytic audit model to improve the efficacy of financial procedure
DEVELOPMENT OF SMALL BUSINESSES BASED ON DIVERSIFICATION
No full textObjective: This study investigates the strategic role of diversification in enhancing the development and sustainability of small businesses, specifically in Uzbekistan's transitional economy. Method: A mixed-methods approach was employed, combining a literature review, statistical analysis, interviews with 15 small business owners, and a comparative evaluation of diversified versus non-diversified businesses. Secondary data from government and international sources were also analyzed. Results: The research found that small businesses engaging in diversification experienced significant improvements in financial and operational metrics: a 70% increase in income, 75% growth in customer base, and a 140% rise in employment. Novelty: This study contributes new insights into the impact of diversification on small businesses in transitional economies, offering practical recommendations for policymakers to foster innovation, competitiveness, and long-term growth by supporting diversified small enterprises
BUSINESS RISK, FINANCIAL RISK AND STOCK PRICE ON THE VALUE OF CONVENTIONAL BANKING SUBSECTOR COMPANIES ON THE INDONESIAN STOCK EXCHANGE (IDX)
No full textObjective: The purpose of this study we present a case study to determine the Effect of Business Risk, Financial Risk and Stock Price on Firm Value on the Indonesia Stock Exchange. Method: This study uses a quantitative approach with a research sample of 34 companies that meet the criteria using purposive sampling technique. The analytical tool used is secondary data in the form of financial statements, data collection in the form of descriptive statistical tests and classical assumption tests. Testing with Statistical Package for the Social Sciences (SPSS). Results: The results of the hypothesis in the research that has been done show that business risk, financial risk and stock price have an influence on the value of the company. Novelty: This means that company value is able to strengthen the relationship between business risk, financial risk and stock price
THE EFFECT OF BUDGETARY GOAL CHARACTERISTICS, FINANCIAL ATTITUDE, PERSONALITY AND INCOME ON FINANCIAL PERFORMANCE OF BATIK BUSINESS ACTORS IN SIDOARJO DISTRICT
No full textObjective: The purpose of this study is to determine which one is the most dominant in influencing financial performance. Method: With a population of 932 craftsmen and 100 craftsmen who have worked for more than 1 year as samples. This research method uses quantitative. Data collection techniques using a Likert scale questionnaire. The sampling technique uses the Total Sampling Technique. Data analysis uses SEM PLS. Data processing techniques use Smart PLS 4.0. Hypothesis testing uses the path direct effect test. Results: Budgetary goal characteristics partially have a positive and significant effect on financial performance. Financial attitude variables partially have a positive and significant effect on financial performance. Personality variables partially have a positive and significant effect on financial performance. And income variables also partially have a positive and significant effect on financial performance. Novelty: Micro, Small and Medium Enterprises (MSMEs) in Indonesia are one of the mainstays of the Indonesian economy besides cooperatives
RISK ANALYSIS OF SINGLE STOCKS AND PORTFOLIOS IN LQ45 INDEX
No full textObjective: This study aims to measure and compare the Value at Risk (VaR) between single stocks and a portfolio within the LQ45 index using the Variance-Covariance method. Method: Daily closing prices of three companies—PT Bank Rakyat Indonesia (BBRI), PT Bank Central Asia (BBCA), and PT Astra International (ASII)—from January to October 2024 were analyzed. The Kolmogorov-Smirnov test confirmed the normal distribution of returns, validating the use of the Variance-Covariance approach. Risk for individual stocks was calculated using standard deviation, while portfolio risk incorporated covariance between asset returns. Results: The results show VaR values of Rp3,057,807 (BBRI), Rp2,243,478 (BBCA), and Rp2,928,485 (ASII) for single stocks, while the combined portfolio had a lower VaR of Rp1,985,061. Novelty: These findings indicate that diversification effectively reduces investment risk. The study provides practical insights for investors aiming to manage potential losses through portfolio construction
FINANCIAL INCLUSION AND ITS ROLE IN POVERTY REDUCTION IN IRAQ
No full textObjective: This research aims to demonstrate the importance of financial inclusion as a means to reduce poverty. Method: The study relied on a statistical population represented by the Iraqi banking sector for the period (2018-2022), as this period provides insight into the realities and challenges facing financial inclusion. The research also employed an analytical approach to the dimensions and indicators of financial inclusion for assessment. Results: Consequently, a set of conclusions was reached, the most important of which is the low levels of financial inclusion dimensions in Iraq despite an increase in the composite financial inclusion index. Novelty: In recent years, there has been growing interest in financial inclusion, achieved through the provision of advanced banking services via internet or mobile networks, in addition to extending banking services to the largest possible number of societal segments, particularly those with limited income. Therefore, the research concludes that the monetary authority, as the body responsible for diversifying opportunities to enhance financial inclusion, must conduct precise follow-up on the plans it has developed within the frameworks of the treatments prepared for this purpose
ANALYZING THE IMPACT OF STRATEGIC THINKING AND MODELS ON ORGANIZATIONAL PERFORMANCE: AN EXAMINATION OF PORTER’S STRATEGY AND MILLS AND SNOW’S FRAMEWORKS
No full textObjective: Strategic thinking is a key contributor to the future viability and prosperity of organisations, and the research examines the correlation that exists between adopting these strategic models and performance results in organisations such as profitability, market share and growth. Method: Based on mixed-methods research, information was gathered in various industries through surveys, interviews, and evaluation of the strategic documents, where regression and correlation were used to analyse quantitative data delivered, whereas the qualitative data was determined with the help of thematic content analysis and comparative case creates. Result: They show that the organisation with the explicitly stated orientation to a particular strategic model is linked to its better performance as compared to organisations with unclear or inconsistent strategies, and the work shows the mediating role that industry dynamics, managerial perceptions, and internal capabilities play in the effective implementation of the selected strategies. Novelty: The study will contribute to the determination of strategic fit patterns, the definition of the relationship between various strategies and important performance variables, as well as contextual conditions determining strategic effectiveness, with the practical implication that it is better to have a consistent strategic orientation, which is communicated effectively and efficiently to reach the goals of an organisation
EMPOWERING STRATEGIES OF SMES IN WEST AFRICA BY THE ISLAMIC DEVELOPMENT BANK FOR SUSTAINABLE DEVELOPMENT AND POVERTY REDUCTION
No full textObjective: This study examines the challenges and competitiveness of small and medium-sized enterprises (SMEs) in West Africa, focusing on the funding support provided by the Islamic Development Bank (IsDB) to address critical socio-economic issues such as poverty and unemployment in the region. Method: The research utilizes empirical evidence from previous studies conducted by the World Bank and other multilateral institutions, analyzing key obstacles to the successful implementation and sustainability of SMEs in West African countries. Results: The findings reveal significant challenges that hinder the growth and sustainability of SMEs in the region, including limited access to financing, inadequate infrastructure, and regulatory barriers. However, the support provided by IsDB plays a crucial role in overcoming some of these challenges, promoting the success of SMEs in the region. Novelty: This study contributes new insights into the role of the IsDB in supporting SME growth in West Africa, offering practical recommendations to enhance the success and prosperity of SMEs in the region. The paper emphasizes the importance of addressing structural barriers to ensure the long-term sustainability of SMEs in the context of West Africa's socio-economic challenges
INTERNATIONAL BUSINESS STRATEGY FOR ISLAMIC BANKING INDUSTRY IN INDONESIA: AN ANALYSIS FOR EXPANSION
No full textObjective: The Indonesian Islamic banking industry holds tremendous potential for growth, driven by factors like the large Muslim population, government support, increasing economic activity, and growing demand for ethical and Sharia-compliant financial products. In its implementation of course there are challenges, but with the right strategies, Indonesia’s Islamic banking sector could emerge as a leader not only in the Southeast Asian region but also on the global stage. This study will be covering the environments where an Islamic bank would survive, grow and develop itself, including examining on the current situation of the Islamic banking industry in Indonesia: its strength, weakness, opportunities and threats internally and externally. Method: This study uses a qualitative method with primary and secondary data collection. This research approach uses a case study of Indonesian Islamic banks. Results: The result of the analysis will be used to build up a structure, let’s say a methodology, a mechanism or a framework which allows an Islamic bank in Indonesia to mapping out and measure the feasibility of its enterprise in the targeted country as new area of market and create a step by step strategy for the bank to strengthen its basis in the new market. This will help the Indonesian Islamic financial institution especially Islamic banks in opening up the expansion possibilities in a certain country in the world. Novelty: This will help the Indonesian Islamic financial institution especially Islamic banks in opening up the expansion possibilities in a certain country in the world
NATURAL GAS PRODUCTION FORECASTS IN IRAQ FOR THE PERIOD (1984-2022) USING ARIMA TIME SERIES MODELS
No full textObjective: This study predicted natural gas production in Iraq for the period (1984–2022) using ARIMA (Auto Regressive Integrated Moving Average) time series models. Method: The research relied on historical data of gas production to build a model capable of forecasting future trends, while analysing seasonal fluctuations and patterns. Result: The results demonstrated the efficiency of the ARIMA model in estimating future production based on past data patterns. Novelty: This study contributes to optimal planning for the exploitation of natural resources in Iraq