13th GLOBAL CONFERENCE ON BUSINESS AND SOCIAL SCIENCES最新文献

{"title":"Utilizing Zakat Fund to Develop Microtakaful Scheme for Enhancing Financial Well Being among Self Employed Asnaf","authors":"H. Shahar, Adil Azhar, N. Aziz","doi":"10.35609/gcbssproceeding.2022.1(71)","DOIUrl":"https://doi.org/10.35609/gcbssproceeding.2022.1(71)","url":null,"abstract":"The Covid-19 pandemic has triggered an adverse effect on the economy which have underscored the need to support and protect lower income groups. Poor and needy are among the low-income group who are the least ready individuals to adapt when emergency happens. Any calamities happened such as sickness, or accident can have a disastrous effect on their already low standard of living, which in turn decreases future income. As a result of this startling situation, the low-income group is recognized as at-risk population in the society due to the reality that they are plagued with various financial problems and still struggling to achieve socio-economic and health equalities (Haroun & Yusoff, 2019). We investigate the issues by evaluating the current risks encountered by Asnaf (Beneficiaries of Zakat fund). In particular, we focus on poor and needy group of people who had received financial assistance in the form of Entrepreneurship Programme organized by Lembaga Zakat Negeri Kedah. Even though Zakat collections kept rising year by year, it is still incapable to resolve the financial problems among the Asnaf especially during the time of emergency happens (Yahaya & Ahmad, 2019). The poverty issue and financial well-being are highly entangled; however, to the best knowledge of authors, there is limited studies that examine effective alternatives to channel fund to these poor and needy group who are deemed productive. Despite previous research has focused on Waqaf fund in proposing Microtakaful ( see for example Mikail and Saheed 2014,), there is a scarce empirical studies on the utilization of Zakat fund as a means to channel financial assistance to the poor and needy in the form of Microtaful scheme. Thus, this Study further notes that factors influencing the needs for Microtakaful protection, coupled with intervention from Zakat will influence financial well being of these targeted group of Asnaf. Besides, focus group and content analysis approach are used to gather primary data and identify and interpret relevant secondary data and Sharīʿah concepts in developing the Zakāh- and Waqf-based Microtakāful model.\u0000\u0000\u0000Keywords: Asnaf, Microtakaful, Poor and needy, Self employed, Zakat.","PeriodicalId":340394,"journal":{"name":"13th GLOBAL CONFERENCE ON BUSINESS AND SOCIAL SCIENCES","volume":"27 7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129322271","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}

{"title":"Bank Regulation and Stability: Lesson Learned From the Indonesian Banking Sector","authors":"D. Danarsari, V. Viverita","doi":"10.35609/gcbssproceeding.2022.1(68)","DOIUrl":"https://doi.org/10.35609/gcbssproceeding.2022.1(68)","url":null,"abstract":"The 1997 financial crisis had severe impact on Indonesian banking. In late 1997, 16 banks were insolvent and eventually closed (Margono, Sharma, & Melvin, 2010). Based on data from the World Bank, the economic growth declined sharply to -13.1% in 1998. Thus, to recover from the crisis, Indonesia’s economy needed about 51% of its GDP. Furthermore, the subsequent global financial crisis in 2008 slowed the Indonesian economic growth from 6.3% in 2007 to 6.1% in 2007 (Bank Indonesia, 2008). Hence, to avoid the same experience, the central bank devoted a thoughtful effort to maintain bank stability, including adopting the Basel principle, where capital is one of the strictly regulated aspects. This study is motivated by the journey of the Indonesian banking sector to achieve and maintain bank stability under different business cycles, from a country suffering amid the Asian financial crisis to achieving above 1 trillion GDP in late 2017 (World Bank, 2018). It is a bank-based country that faces the phenomena of “too big to fail,” “too important to fail” (Pangestu & Habir, 2002), and “too many to fail” (Brown & Din, 2011).\u0000\u0000\u0000Keywords: Bank Regulation, Bank Stability, Capital Regulation, Capital Requirement","PeriodicalId":340394,"journal":{"name":"13th GLOBAL CONFERENCE ON BUSINESS AND SOCIAL SCIENCES","volume":"112 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132211527","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}

{"title":"Dividend Policy of Different Market Segmentations: A Dynamic Panel Data Analysis","authors":"Nor Anis Shafai, Noor Hafizha Muhammad Yusuf, Noor Sharida Badri Shah","doi":"10.35609/gcbssproceeding.2022.1(32)","DOIUrl":"https://doi.org/10.35609/gcbssproceeding.2022.1(32)","url":null,"abstract":"Dividend policy is determined by a company's board of directors (BOD) and is used to make dividend decisions. Dividend is a fragment of a firm's distributable earnings1 that is announced by the firm's BOD with inputs from senior management (Baker, 2009). The dividends are determined according to the class of the firm's shareholders. Dividends can be given out as payments in cash, shares of stock or other assets. Dividend payment also affects the firm's ability to continue its earning in sustaining growth opportunities and shareholder wealth. The Asian financial crisis was a wake-up call for all Asian markets to recognise the structural issue that played an important part towards the disaster. Asian firms have however improved their corporate governance and transparency after the crisis. Consequently, the bond markets3 and equity markets4 especially in the United States, United Kingdom and Europe started to look into the prices of the Asian market. The investors found sustainable growth and income in the Asian market. Moreover, Asian countries for the last two decades have improved considerably and have been the driving engine for the world economic growth. Since firms in the Asian countries are not just about capital growth, firm's dividends are becoming the main sources of income for investors. Hence, distributing cash to shareholders via alternatives such as qualified dividends, stock splits and stock dividends, has increased significantly in many countries. In defining the determinants of dividend policy, numerous empirical studies have been conducted in many countries. Earlier studies include Lintner (1956) and Miller & Modigliani (1961). However, application of the dividend policy may be different across countries, either in terms of legal system or firm-specific differences. The differences complicate the transferability of dividend payments and decisions. Thus, dividend policy may vary across countries specifically in Singapore, Malaysia and Saudi Arabia, that over a period of time, has not been empirically investigated. Persistent focus on the developed market is another issue that endows fuzziness regarding dividend policy. Abandoning the developing and emerging markets also deters further new outlooks (Jabbouri, 2016).\u0000\u0000\u0000Keywords: Dividend policy, Generalized Method of Moment, Dynamic panel, key determinants","PeriodicalId":340394,"journal":{"name":"13th GLOBAL CONFERENCE ON BUSINESS AND SOCIAL SCIENCES","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133553512","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}

{"title":"Strategic Renewal Initiatives of Malaysia Hotel Industry in Response to Covid-19 Pandemic","authors":"Z. Rasit, Aliza Ramli, Reniati Reniati","doi":"10.35609/gcbssproceeding.2022.1(19)","DOIUrl":"https://doi.org/10.35609/gcbssproceeding.2022.1(19)","url":null,"abstract":"The ruthless march of COVID-19 throughout the globe is first and foremost a human tragedy, affecting the health of hundreds of thousands of people. The consequences of measures taken worldwide to curb the pandemic are having a growing impact on the global economy. The recent outbreak of Novel Coronavirus COVID-19 has led to a global panic due to its fatal nature. Malaysia is currently being aware of this pandemic disease and the government has imposed Movement Control Order (MCO) for preventing the spread of this disease and hospitality industries are muchly impacted during the government orders. Drawing on the contingency theory of management, this research seeks to examine the effect of Covid-19 pandemic towards the hospitality management industries. Additionally, there is still limited research examining the impact of the pandemic towards hospitality industries in Malaysia.\u0000\u0000\u0000Keywords: Hotel Industry, Hotel Performance, Strategic Renewal Initiatives, Covid-19 Pandemic","PeriodicalId":340394,"journal":{"name":"13th GLOBAL CONFERENCE ON BUSINESS AND SOCIAL SCIENCES","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129568481","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}

{"title":"Determinants of Sustainable Capital Budgeting Practice: A Structural Equation Modelling Approach","authors":"Stephen Gordon","doi":"10.35609/gcbssproceeding.2022.1(52)","DOIUrl":"https://doi.org/10.35609/gcbssproceeding.2022.1(52)","url":null,"abstract":"Across the globe, capital budgeting – the planning process of appraising an organisation‟s long term investments for funding – plays a pivotal role in economic growth by providing the platform for mobilising long-term funds for economic development. Capital budgeting practice refers to the aggregate tools/techniques for strategic investment decisions under risk and uncertainty conditions (Desai, 2019; Hillier et al., 2021). It involves a large cash outlay, expecting a future stream of benefits/income/return. Existing research suggests that financial and non-financial considerations influence managers‟ choices of CBTs across nations (Batri & Verma, 2017). One of the significant concerns of Oman‟s Ninth five-year development plan 2016-2020 is its focus on achieving a private sector-driven economy enabled by public-private partnership (PPP) projects and related growth strategies that will drive non-hydrocarbon and more excellent employment opportunities for the Omani nationals. To this end, the manufacturing sector is at the centre of Oman‟s Top 7 Sectors comprising other critical industries, including Construction, Wholesale and Retail Trade, Agriculture and Forestry, Real Estate and Business Activities, Private households with Employed Persons, and Hotels & Restaurants (MoCI, 2014). However, there has been very little academic research on capital budgeting with a focus on the manufacturing industry of Oman.\u0000\u0000\u0000Keywords: Advanced capital budgeting techniques (ACBTs), Confirmatory factor analysis (CFA), Oman, Real options valuation (ROV), Structural equation modelling (SEM).","PeriodicalId":340394,"journal":{"name":"13th GLOBAL CONFERENCE ON BUSINESS AND SOCIAL SCIENCES","volume":"62 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126626506","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}

{"title":"Earnings Management: Invesment Opportunity Set, Corporate Social Responsibility and Profitability","authors":"Arna Suryani, Ariayani Ariayani","doi":"10.35609/gcbssproceeding.2022.1(15)","DOIUrl":"https://doi.org/10.35609/gcbssproceeding.2022.1(15)","url":null,"abstract":"Earnings management is defined as management's opportunistic behavior to manipulate earnings according to management's interests. The company's goal is to gain profits, where the company's financial performance is proxied by the company's ability to earn profits. Based on the above phenomenon, the research problem is whether IOS and CSR have direct or indirect effect on profitability and whether IOS, CSR, and Profitability affect Earnings Management and whether IOS and CSR through Profitability affect Earnings Management. This study aims to examine and analyze: (1) Whether IOS and CSR have direct and indirect effect on Profitability, (2) Whether IOS, CSR and Profitability affect Earnings Management and, (3) Whether IOS and CSR through Profitability affect Earnings Management.\u0000\u0000\u0000Keywords: Investment Opportunity Set, Corporate Social Responsibility, Profitability, Earnings Managemet","PeriodicalId":340394,"journal":{"name":"13th GLOBAL CONFERENCE ON BUSINESS AND SOCIAL SCIENCES","volume":"53 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125141435","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}

{"title":"Using Design Thinking Method for Product Development: Lessons Learnt From a Ux Research for B2b Employee Loan - Flexible Benefit Feature","authors":"S. Sofyan, W. Dhewanto","doi":"10.35609/gcbssproceeding.2022.1(41)","DOIUrl":"https://doi.org/10.35609/gcbssproceeding.2022.1(41)","url":null,"abstract":"As the world began to adapt to Covid-19, the phenomenon of mass resignations emerged in the world of work. Companies are competing to retain their best talents by offering flexible benefits. The emergence of various players who develop flexible benefit digital applications, makes these players explore and iterate over their products to become the market leaders. The growth in using financial technology products in the Indonesia Peer-to-Peer (P2P) lending sector is more than 20 times as much in 2022 as it was in 2021 (Otoritas Jasa Keuangan, 2022). This makes the loan feature one of the most attractive additional feature in the Business-to-Business (B2B) setting. However, to create a loan feature that caters the user needs further user experience research needs to be done. The user experience research is following the Design Thinking framework popularised by IDEO in the 1990s. Design Thinking is one method of developing products that address user needs. The Design Thinking process itself includes empathising, defining, ideation, prototyping, and testing with iterations at each stage as needed (Gibbons, 2016). The primary data collection methods used in this study were In-Depth Interviews (IDI) and moderated Usability Testing (UT). Empathy Map, Value Proposition Canvas, and User Journey Map are also used in this study. Sample participants are those who have experienced the employee loan end-to-end process.\u0000\u0000\u0000Keywords: Flex benefit, product development, UX research, design thinking, usability testing","PeriodicalId":340394,"journal":{"name":"13th GLOBAL CONFERENCE ON BUSINESS AND SOCIAL SCIENCES","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127850540","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}

{"title":"Entrepreneurial Engagement of the Tertiary Education Subsidy (TES) Grantees in Central Philippines State University","authors":"Pacheco Lycel L., Escordial Cristyflor M., Moraca Aladino","doi":"10.35609/gcbssproceeding.2022.1(81)","DOIUrl":"https://doi.org/10.35609/gcbssproceeding.2022.1(81)","url":null,"abstract":"The Unified Student Financial Assistance System for Tertiary Education or UniFAST is the government agency in charge of implementing the Universal Access to Quality Tertiratry Education Act (RA 10931). The UniFAST was created in 2015 by virtue of RA 10687 as a system to unify existing government student financial assistance programs for Tertiary Education in the Philippines. It will ensure that deserving Filipinos are given equitable access to educational opportunities. One of these, the Tertiary Education Subsidy or TES. Subsidy as a form of financial assistance plays an important role to augment financial incapacities of students enrolled in Higher Education Institutions or HEIs (Avery, 2014). Through RA 10931 which was passed into law on August 3, 2017, the citizens were allowed full access to quality education by providing adequate funding and increasing participation rate in the tertiary education. This further gives chances to the poor but deserving students to reach their goals and finish a degree. The Implementing Rules and regulations (IRR) of this law recognizes the complementary roles of public and private Higher Educations Institutions and Technical-Vocational Institutions in the tertiary education system, and the invaluable contribution of private tertiary institutions to the education system. As been embedded in our Philippine Constitution, the quality education is an inalienable right of all Filipinos and it is the policy of the State to protect and promote the rights of students to quality education at all levels.\u0000\u0000\u0000Keywords: tertiary education subsidy, grantees, entrepreneurial, engagement","PeriodicalId":340394,"journal":{"name":"13th GLOBAL CONFERENCE ON BUSINESS AND SOCIAL SCIENCES","volume":"54 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126941005","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}

{"title":"Probability and the Factors That Affect the Loss of Tax Disputes in the Indonesian Tax Court","authors":"Mega Nurmala Sari, R. Qibthiyyah","doi":"10.35609/gcbssproceeding.2022.1(95)","DOIUrl":"https://doi.org/10.35609/gcbssproceeding.2022.1(95)","url":null,"abstract":"Tax disputes are disputes that arise due to differences in understanding of the rights and obligations in implementing tax laws and regulations between Taxpayers and Tax administration (DGT) which can be resolved in the appeal process at the Tax Court. According to Aritonang (2020), the legal remedy for filing an appeal against a tax dispute is a further substantive examination of the Tax Assessment Letter issued during the tax audit, and the Objection Decision Letter which is determined in the objection process at the DGT. The practice of tax disputes must be able to describe how the government, in carrying out its duties, upholds the principle of justice to create tax trust in the wider community.Nevertheless, in reality, there are not a few objection decisions that cannot be defended in the Tax Court which results in the defeat of the DGT or the victory for the Taxpayers. From 2011-to 2018, almost every year the percentage of DGT losing is higher than the DGT winning percentage. The highest percentage of DGT's wins occurred in 2017 which was 40 percent, while 2018 was the year where DGT's wins reached the lowest point of 28 percent. The average decision of the Tax Court appeals that won the DGT from 2011-to 2018 was 34 percent. When compared to other countries, the DGT's winning rate over tax disputes is indeed quite low. Indonesia occupies the 32nd position or the 4th lowest position compared to other countries. Both the logit model and the linear probability model (LPM) are used to estimate the data in this study where the dependent variable is a binary variable consisting of 0 and 1 (0 if the decision does not win DGT and 1 if the decision wins DGT).\u0000\u0000\u0000Keywords: Appeal Decision, Influencing Factors, Tax Administration loss","PeriodicalId":340394,"journal":{"name":"13th GLOBAL CONFERENCE ON BUSINESS AND SOCIAL SCIENCES","volume":"80 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115560099","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}

{"title":"Assessing the Relationship between Job Satisfaction and Turnover Intention among Early-Career Academics in Tertiary Education in Malaysia","authors":"Abdelfatah Arman, Tahseen Anwar, Vazeerjan Begum, Ngoo Poh Yee, Govindaswami M.","doi":"10.35609/gcbssproceeding.2022.1(60)","DOIUrl":"https://doi.org/10.35609/gcbssproceeding.2022.1(60)","url":null,"abstract":"Persistent improvements in organizational performance hinge on the organizations' ability to not only attract talented staff but also in retaining them. Employees are the most valuable assets for any firm today in sustaining the competitive advantages in this highly globalized business environment (Team, 2019). Turnover of Early Career Academics (ECAs) demonstrates the draining of the higher educational organizations' human capital, in terms of knowledge and expertise (Gibbons, 2020). Therefore, a high turnover rate is an indication of the companies’ inability to sustain the growth of human capital. ECAs are critical and essential components of every individual's higher education at the institution. When the staff and faculty members are exposed to the opportunity to leave their jobs, the educational institution is one of the entities that are under threat (Feng & Angeline, 2010). Anca-Ioana (2013) stated that academicians are the university’s most valuable asset in developing highly skilled and holistic graduates who are pleased and eventually remain longer with the organization.\u0000\u0000\u0000Keywords: Job Satisfaction, Turnover Intention, Early Career Academics, Tertiary Education.","PeriodicalId":340394,"journal":{"name":"13th GLOBAL CONFERENCE ON BUSINESS AND SOCIAL SCIENCES","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122660480","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}