Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
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Determinant of acquisition of financial institution
Get PDFThis study is aimed to investigate the determinants of finance companies’ acquisition. During the last 15 years, there were more than 30 mergers and acquisition deals happened in the finance company industry. We have analyzed six micro financial ratios which are productivity ratio, profitability ratio, equity capitalization, leverage ratio, asset composition ratio, and firm size. The dependent variables are dummy variables of acquisition. The financial ratios are OER (operating efficiency ratio), ROE (return on equity), leverage, asset allocation ratio, equity size and firm size. The samples are the 90 finance companies who issued financial report from 2001-2015. Data were analyzed using panel data regression. The results of the study found that only company size had a significant effect on finance companies acquisitio
Modern problems of reproduction of public health of the population
Get PDFThe study is based on the development of the basic provisions for the implementation of sustainable development, namely one of its goals: “Overcoming poverty in all its formsâ€, which were approved in 2015 at the UN Summit on Sustainable Development. Reproduction of the public health of the population is the basis of the mechanism for the prevention of poverty in the territories, presented in doctoral dissertation Martynovych Nataly. Also, modern problems of reproduction of public health of the population form the conceptual foundations of the applied state theme “Economic and legal support of the strategic development of newly formed territorial communitiesâ€. This topic was approved by the Decree of the Bureau of the Department of Economics of the National Academy of Sciences of Ukraine and is carried out by the staff of the department of problems of interregional cooperation of the Institute of Economic and Legal Research of the NAS of Ukraine Martynovych Nataly, Boichenko Elina. The purpose of the research is to determine by the empirical way modern problems of reproduction of public health of the population and the development of comprehensive measures to overcome them. The findings showed an integral assessment of the state of public health of the population was carried out, as a result of which it was established that only three-quarters of the population of Ukraine can be considered healthy. Empirically, an increase in the deficit of the average life expectancy of the population is determined, and the main reasons for such dynamics are also indicated. The proposed measures to promote an increase in the life expectancy of the population of the region
Gotong royong (cooperation) transformation of rural communities in Jambi Province, Indonesia
Get PDFOne nowadays un denied phenomena is that society changed. Jambi Province rural community has also changed toward modernization. The main goal of this research is to analyze factors effect gotong royong (cooperation) transformation in Jambi Province rural communities based on its remoteness from urban area. The research analysis used in this research is the Delphi method. Research found that there has been a change in the value of gotong royong in Jambi Province. It was also found that there are differences in changes in rural locations that are close to city and that are far from city. Some factors effecting the transformation are information technology, household income and accessibility while some factors that keeps gotong royong alive are family, harmony and help. The strategy to keep gotong royong value remain solid in Jambi Province’s villages should be to wisely accept global technology, income increases and better accessibility while still maintain the social capital strength
The structure and the leadership: The actualization of good management of Indonesian University
Get PDFThe objective of this paper is to discuss the concept of good university governance and the structure of university in Indonesia. In particular, the paper focuses on the structure of university in order to improve the good university governance in Indonesia. Good University Governance is basically setting the organizational structure, the process of business, as well as program and activities in the planning procedure. Leaders are different from managers. The leader is chosen and earned the academic leadership and the authority. Academic leaders are mandated to lead and a combination of academic leaders and managers. A university should apply academic leadership in every level. It is necessary to implement the checks and balances of executive authority, which can be performed by the university and faculty academic senate. Avoid conflicts of interest as well as multiple positions in implementing good governance in a university
Comparison of fuzzy clustering methods in economic freedom ranking in Asia-Pacific
Get PDFEconomic freedom can be defined as freedom in which individuals can perform their economic activities freely without being exposed to the pressures and constraints. The aim of the studies on the classification of countries according to their economic freedoms is to determine the place of the countries in the world or in the continent where they are located. In this way, the status of the countries with sustainable growth and high welfare is determined. In this study, it is aimed to rank Asian countries according to economic freedom data. In contrast to many classifications and sorting studies, the present study attempts to determine the best sorting method by comparing multiple methods. As a result of the economic freedoms published by the Heritage Foundation every year, the conditions of Asian countries between 2015-2019 were determined. Fuzzy C-Means, Gath-Geva and Gustafson-Kessel methods, which are the three most commonly used methods, were used in the fuzzy clustering analysis. The results obtained from all fuzzy clustering methods were compared and interpreted with the results of the Heritage Foundation year by year. According to all analysis results, it can be said that the Fuzzy C-means method is more successful for Economic Freedom data and classification studies. According to the Fuzzy C-Means method, the three best Asian countries were Hong Kong, New Zealand and Australia respectivel
Analysis of deposit savings in Islamic and conventional banks
Get PDFIndonesia is a country that implements a dual banking system. The progress of the conventional financial industry coincides with the development of the Islamic financial sector. This study discusses the influence of external factors namely inflation, broad money (M2), BI rate and internal factors namely return on asset (ROA) and operational efficiency ratio (OER) on profit-sharing of Islamic banking deposits and conventional banking deposits interest. The method used in this study was the Error Correction Model (ECM). Based on the results of the study, it can be concluded that inflation and broad money (M2) affects the profit-sharing of deposits. Whereas the conventional bank deposit interest is influenced by ROA, OER, BI rate, inflation, and M2. The fluctuation of external and internal variables has an impact on Islamic banks and conventional banks in determining interest and profit-sharing of deposits
Application of Altman Bankruptcy prediction model in Ghana
Get PDFThe study examined the applicability of the Altman Z-score model in predicting bankrupt companies or financially distressed companies on the Ghana Stock Exchange. A sample 10 listed firms were selected and one other company to be used for validation purposes. The validation process involved data for 2016 and 2017 for Aluworks which represented a distressed company and GOIL Ghana Limited which represented non-distressed company. The final analysis was based on a random sample of 10 listed firms using their 2017 financial statement. The results of the initial prediction showed 50 percent of the companies were correctly predicted whiles the others were misclassified. Additional analyses showed that the size of the company influence the probability of bankruptcy whiles the nature of the business does not. The conclusion drawn shows that the Altman Z-score cannot accurately predict financially distressed firms in Ghana but can still be useful in giving signals
Impact of institutional quality on economic performance of Eastern Africa: a panel data analysis
Get PDFNowadays, studies argued that international difference in prosperity across a country is the matter institutional quality. Thus, the poor economic performance of African’s is linked to their weak institutional quality. The aim of this study is to examine the extent to which institutional quality affect economic performance of 14 selected East African Countries; Burundi, Comoros, Djibouti, Ethiopia, Kenya, Madagascar, Malawi, Mozambique, Mauritius, Rwanda, Tanzania, Uganda, Zambia and Zimbabwe, over the period 2005-2016, using fixed effect and System GMM methods. The finding of this study confirms with the existing empirical study that economic institutions matter for economic performance among which control of corruption and government effectiveness has positive impact on economic performance, while rule of law has adverse impact. The finding of this study implies that that Eastern Africa with better institutions has a higher economic performance. Therefore, the Eastern Africa countries should improve those institutions that have positive impact, and promote and change those institutions that have adverse effect in way that it can promote economic development
The role of e-government in reducing corruption: A systematic review
Get PDFA number of studies state that e-government is a "powerful" anti-corruption tool but other researchers still have doubts about the role of e-government. In fact, other researchers claim that e-government is not only a powerful weapon against corruption but also has the potential to create corruption opportunities. Starting from this phenomenon, this study aims to synthesize research results regarding the role of e-government in reducing corruption. This research systematized the results of research over the past 19 years using a systematic review method. This method provides a comprehensive review so it is expected to reduce the bias of literature. This paper reviews 16 articles published in reputable peer-reviewed journals. Most articles use macro-comparative data in all countries, while other articles use surveys, case studies, and conceptual papers. In general, the systematic review result show that e-government can reduce corruption. However, the success of e-government is not universally applicable. There are internal and external organizational factors that influence the effectiveness of e-government functions to againts corruption
Non-linear return to human capital for workers of productive sectors in Indonesia
Get PDFThis study is aimed to investigate a typical return to human capital for workers of productive economic sectors in Indonesia. Instead of satisfying Mincer’s linearity assumption, we use a piecewise linear spline function in order to trace marginal returns to education and job tenure and to find out how large the returns to both variables could be moderated by certain variables. The research is conducted on 2609 individuals who work for Indonesian top-five productive sectors in 2016, as recorded in National Work Force Survey (SAKERNAS). We implement quantile regression analysis to produce three levels earning model. The result shows that the return to education varies across schooling level and apparently negative for academy schooling. We also find that job training participation does not always enhance the return to education especially for higher earning workers. The return to job tenure is found to diminish during career length. However, graduating from certain college majors significantly slowdown the diminishing return to job tenure and thus promoting better career. Based on these findings, we outline several ideas concerned to developing higher education and job training provision in national scale for more efficient supply of human capital in the productive sectors