WSEAS Transactions on Business and Economics最新文献_第6页

Government Investment and Capital Participation to State-Owned Enterprises in Indonesia to Mitigate The Impact of The COVID-19 Pandemic: Is It Effective? 政府投资和资本参与印尼国有企业以减轻 COVID-19 大流行的影响：有效吗？

WSEAS Transactions on Business and Economics Pub Date : 2024-03-08 DOI: 10.37394/23207.2024.21.61

Amdi Veri Darma, N. Setyari, Eka Ardhani Sisdyani, N. Ratnadi

{"title":"Government Investment and Capital Participation to State-Owned Enterprises in Indonesia to Mitigate The Impact of The COVID-19 Pandemic: Is It Effective?","authors":"Amdi Veri Darma, N. Setyari, Eka Ardhani Sisdyani, N. Ratnadi","doi":"10.37394/23207.2024.21.61","DOIUrl":"https://doi.org/10.37394/23207.2024.21.61","url":null,"abstract":"The National Economic Recovery (PEN) Program is set by the government of Indonesia comprehensively regarding the handling of the devastating impact of COVID-19. The target recipients of the PEN program are classified into two, namely: the first group, State-Owned Enterprises (SOEs), and the second group are non-SOEs business units, where for SOEs this is done in the form of State Capital Participation (PMN) and Government Investment (IP). This research aims to analyze the impact of the PEN program on SOE performance. The analysis results show that the PEN Program has a positive impact on SOEs, as seen from SOEs ROA. The PEN program that has been running has not been able to improve significantly. However, it can be said that the PEN Program has been able to protect the operations of SOE recipients of the PEN program. In addition, the PEN Program has had an impact on achieving positive EAT growth in almost all recipient SOESs. The PEN program for SOEs needs to be re-evaluated, especially for SOEs that had the potential to perform poorly before the pandemic.","PeriodicalId":39427,"journal":{"name":"WSEAS Transactions on Business and Economics","volume":"2 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140397043","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}

引用次数: 0

Double Moving Average Control Chart for Time Series Data with Poisson INARCH(1) 带有泊松 INARCH(1) 的时间序列数据的双移动平均控制图

WSEAS Transactions on Business and Economics Pub Date : 2024-02-23 DOI: 10.37394/23207.2024.21.58

S. Phantu, Y. Areepong, S. Sukparungsee

引用次数: 0

Small Portfolio Construction with Cryptocurrencies 利用加密货币构建小型投资组合

WSEAS Transactions on Business and Economics Pub Date : 2024-02-23 DOI: 10.37394/23207.2024.21.57

Denis Veliu, Marin Aranitasi

{"title":"Small Portfolio Construction with Cryptocurrencies","authors":"Denis Veliu, Marin Aranitasi","doi":"10.37394/23207.2024.21.57","DOIUrl":"https://doi.org/10.37394/23207.2024.21.57","url":null,"abstract":"In this paper, we describe and apply different models of portfolio construction in the selection between a small number of big-cap cryptocurrencies. Our purpose is to select the minimum riskiness between cryptocurrencies, comparing different risk measures and maximum diversification. We build our models without the constraints of the expected returns. Without relying on expected returns, we have the same condition on the comparison between them. Cryptocurrencies are not common stock or other assets indexed in the market but it is interesting to study how diversification can significantly improve investment performance. We first give the methodology to use high-frequency observation data, in the numeral approximation especially in the novel application of the Risk parity models, used with different risk measures we can achieve a very good result, from the position of gaining and variation. Since Risk parity models divide the weights of the asset in equal risk contribution proportion, it is suggested to use a small number of cryptocurrencies, otherwise their performance will be close to the uniform portfolio. To the traditional Mean Variance model, and the alternative, Expected shortfall/Conditional Value at Risk, we use three versions of Risk Parity with two different risk measures and a naive risk parity. The uniform portfolio is used as a benchmark for selection comparison with the other portfolio models. We give the conditions for the Risk Parity with the Expected shortfall/Conditional Value at Risk (CVaR) to guarantee convergence with the numerical approximation. In the end, we study the tradeoff between each model and which is more suitable for a small cryptocurrency portfolio.","PeriodicalId":39427,"journal":{"name":"WSEAS Transactions on Business and Economics","volume":"12 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140437430","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}

引用次数: 0

The Theory of the Evolution of Economic Relations as an Approach to Generalize the Theory of Games 经济关系演变理论是推广博弈论的一种方法

WSEAS Transactions on Business and Economics Pub Date : 2024-02-16 DOI: 10.37394/23207.2024.21.56

Ashikhmin Victor, Shabarov Vladimir

{"title":"The Theory of the Evolution of Economic Relations as an Approach to Generalize the Theory of Games","authors":"Ashikhmin Victor, Shabarov Vladimir","doi":"10.37394/23207.2024.21.56","DOIUrl":"https://doi.org/10.37394/23207.2024.21.56","url":null,"abstract":"The Theory of Games in the classical sense uses the idea of a system of economic relations of one type, namely economic relations of a private nature when the goal of rational behavior of the subject of economic relations (ER) is to maximize the benefit (own profit). In the process of evolution, economic relations go through several stages (namely 16), and for each stage, the set of characteristics of the basic elements strictly differs from the set of other stages. The rational behavior of the subjects is largely determined by this particular set of characteristics. Thus, the corresponding Theory of Rational Behavior of Economic Subjects (TRES) is the generalization of the Theory of Games for application in economics (that is, it applies not only to one type of economic relations, aiming at private benefit). Another aspect of the generalization of the Theory of Games in conditions of global information and computer accessibility is the transition from money as a medium of exchange that was a “transferable numerical utility” to another medium of exchange - a full range of goods with the complete dynamically changing set of exchange coefficients as a “generalized medium of exchange” that organically corresponds to the economic content of the production process.","PeriodicalId":39427,"journal":{"name":"WSEAS Transactions on Business and Economics","volume":"37 9","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139960540","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}

引用次数: 0

The Impact of Financial Leverage on the Profitability of Industrial Companies In Light of the Corona Pandemic, Evidence from Emerging Economies 财务杠杆对工业企业盈利能力的影响--从科罗娜大流行病看新兴经济体的证据

WSEAS Transactions on Business and Economics Pub Date : 2024-02-16 DOI: 10.37394/23207.2024.21.55

Nawaf Abdallah Aljundi, Ahmad Yahiya Ahmad Bani Ahmad, A. A. B. Atta

{"title":"The Impact of Financial Leverage on the Profitability of Industrial Companies In Light of the Corona Pandemic, Evidence from Emerging Economies","authors":"Nawaf Abdallah Aljundi, Ahmad Yahiya Ahmad Bani Ahmad, A. A. B. Atta","doi":"10.37394/23207.2024.21.55","DOIUrl":"https://doi.org/10.37394/23207.2024.21.55","url":null,"abstract":"The present study figures out the impact degree of financial leverage, measured by the ratio of liabilities to equity, on the profitability of industrial companies in light of the Corona pandemic, measured by the ratios of the return on equity and return on assets, the study population consisted of industrial companies listed in the Amman Stock Exchange amounting to (55) companies while the study sample consist of (39) companies that have data available during the study period, The descriptive analytical approach used in this study, the statistical program (SPSS) was used to analyze the study data, the mean and standard deviation were used to describe the study data, and simple regression analysis was used to test its hypotheses, the study found that there is no statistically significant impact of the degree of financial leverage on the profitability of the industrial companies listed in the Amman Stock Exchange (ASE) as measured by the return on assets, while there is a statistically significant impact to the degree of financial leverage on the profitability of the Jordanian industrial companies listed in the Amman Stock Exchange (ASE) as measured by the return on equity. The study recommended that the Jordanian industrial companies have to find an optimal capital structure; besides studying the investment opportunities before borrowing to finance them and relying on self-financing sources in the first place.","PeriodicalId":39427,"journal":{"name":"WSEAS Transactions on Business and Economics","volume":"54 47","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139961320","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}

引用次数: 0

Does Forensic Accounting Matter? Diagnosing Fraud Using the Internal Control System and Big Data on Audit Institutions in Indonesia 法证会计重要吗？利用印尼审计机构的内部控制系统和大数据诊断欺诈行为

WSEAS Transactions on Business and Economics Pub Date : 2024-02-09 DOI: 10.37394/23207.2024.21.53

Enny Susilowati Mardjono, Entot Suhartono, Guruh Taufan Hariyadi

{"title":"Does Forensic Accounting Matter? Diagnosing Fraud Using the Internal Control System and Big Data on Audit Institutions in Indonesia","authors":"Enny Susilowati Mardjono, Entot Suhartono, Guruh Taufan Hariyadi","doi":"10.37394/23207.2024.21.53","DOIUrl":"https://doi.org/10.37394/23207.2024.21.53","url":null,"abstract":"This study aims to determine the relationship between awareness of the use of forensic accounting and the role of the internal control system (COSO) mediated by Big Data Analysis (BDA) towards interest in using forensic accounting in detecting fraud. The research design is a case study with a quantitative approach. The sample for this study was 331 auditor respondents spread across KAP, BPK and BPKP in Indonesia. The data used is primary data with research methods through interviews and surveys at the Indonesian auditor institutions. The weakness of companies is that on average they still use data systems that are not integrated, so there are risks in terms of data security. The results of this study prove that Big Data Analysis mediates the relationship between Awareness of Forensic Accounting on Intentions of Forensic Accounting. Also, Big Data Analysis mediates the relationship between COSO on Intentions of Forensic Accounting. The results show that the seventh hypothesis proposed is statistically proven. This study proves that the implementation of a good internal control system will be an effective tool to control fraud risk. Internal controls can be fully effective if the organization is able to understand the most vulnerable risks and how to respond to fraud. BDA with data mining techniques that contribute to decision-making and fraud detection. Auditors can find and extract hidden patterns in large amounts of data by using Big Data to detect fraud.","PeriodicalId":39427,"journal":{"name":"WSEAS Transactions on Business and Economics","volume":" 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139787684","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}

引用次数: 0

Does Forensic Accounting Matter? Diagnosing Fraud Using the Internal Control System and Big Data on Audit Institutions in Indonesia 法证会计重要吗？利用印尼审计机构的内部控制系统和大数据诊断欺诈行为

WSEAS Transactions on Business and Economics Pub Date : 2024-02-09 DOI: 10.37394/23207.2024.21.53

Enny Susilowati Mardjono, Entot Suhartono, Guruh Taufan Hariyadi

{"title":"Does Forensic Accounting Matter? Diagnosing Fraud Using the Internal Control System and Big Data on Audit Institutions in Indonesia","authors":"Enny Susilowati Mardjono, Entot Suhartono, Guruh Taufan Hariyadi","doi":"10.37394/23207.2024.21.53","DOIUrl":"https://doi.org/10.37394/23207.2024.21.53","url":null,"abstract":"This study aims to determine the relationship between awareness of the use of forensic accounting and the role of the internal control system (COSO) mediated by Big Data Analysis (BDA) towards interest in using forensic accounting in detecting fraud. The research design is a case study with a quantitative approach. The sample for this study was 331 auditor respondents spread across KAP, BPK and BPKP in Indonesia. The data used is primary data with research methods through interviews and surveys at the Indonesian auditor institutions. The weakness of companies is that on average they still use data systems that are not integrated, so there are risks in terms of data security. The results of this study prove that Big Data Analysis mediates the relationship between Awareness of Forensic Accounting on Intentions of Forensic Accounting. Also, Big Data Analysis mediates the relationship between COSO on Intentions of Forensic Accounting. The results show that the seventh hypothesis proposed is statistically proven. This study proves that the implementation of a good internal control system will be an effective tool to control fraud risk. Internal controls can be fully effective if the organization is able to understand the most vulnerable risks and how to respond to fraud. BDA with data mining techniques that contribute to decision-making and fraud detection. Auditors can find and extract hidden patterns in large amounts of data by using Big Data to detect fraud.","PeriodicalId":39427,"journal":{"name":"WSEAS Transactions on Business and Economics","volume":"30 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139847544","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}

引用次数: 0

Assessing Brand Equity of Affiliated Universities in Vietnam National University, Hanoi 评估越南河内国立大学附属大学的品牌资产

WSEAS Transactions on Business and Economics Pub Date : 2024-02-09 DOI: 10.37394/23207.2024.21.54

Nguyen Ngoc Trang, Nguyen Anh Tuan, Le Nam Long

{"title":"Assessing Brand Equity of Affiliated Universities in Vietnam National University, Hanoi","authors":"Nguyen Ngoc Trang, Nguyen Anh Tuan, Le Nam Long","doi":"10.37394/23207.2024.21.54","DOIUrl":"https://doi.org/10.37394/23207.2024.21.54","url":null,"abstract":"This research aimed to assess the brand equity of affiliated universities in Vietnam National University, Hanoi (VNU). There were 486 undergraduates and post-graduates from member universities in VNU participating in the research. Exploratory factor analysis, confirmatory factor analysis, Delphi analysis, and Structural Equal Modeling (SEM) were utilized to identify components of brand equity of the affiliated universities. The findings show that brand equity consists of seven components: brand recognition, lecturer quality, university reputation, brand association, facilities, loyalty, and perceived quality. Among these, facilities have the biggest impact on brand equity with β=0.819, followed by brand recognition and lecturer equity with β=0.783 and β=0.758. On the other hand, loyalty appears to be the factor with the least influence with β=0.740. In short, strategies of investment in the teaching staff need greater attention and effective enforcement; besides, it is also necessary to continuously supplement and upgrade technical facilities for teaching and research activities and improve brand recognition in line with the university identity.","PeriodicalId":39427,"journal":{"name":"WSEAS Transactions on Business and Economics","volume":" 24","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139787761","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}

引用次数: 0

Assessing Brand Equity of Affiliated Universities in Vietnam National University, Hanoi 评估越南河内国立大学附属大学的品牌资产

WSEAS Transactions on Business and Economics Pub Date : 2024-02-09 DOI: 10.37394/23207.2024.21.54

Nguyen Ngoc Trang, Nguyen Anh Tuan, Le Nam Long

{"title":"Assessing Brand Equity of Affiliated Universities in Vietnam National University, Hanoi","authors":"Nguyen Ngoc Trang, Nguyen Anh Tuan, Le Nam Long","doi":"10.37394/23207.2024.21.54","DOIUrl":"https://doi.org/10.37394/23207.2024.21.54","url":null,"abstract":"This research aimed to assess the brand equity of affiliated universities in Vietnam National University, Hanoi (VNU). There were 486 undergraduates and post-graduates from member universities in VNU participating in the research. Exploratory factor analysis, confirmatory factor analysis, Delphi analysis, and Structural Equal Modeling (SEM) were utilized to identify components of brand equity of the affiliated universities. The findings show that brand equity consists of seven components: brand recognition, lecturer quality, university reputation, brand association, facilities, loyalty, and perceived quality. Among these, facilities have the biggest impact on brand equity with β=0.819, followed by brand recognition and lecturer equity with β=0.783 and β=0.758. On the other hand, loyalty appears to be the factor with the least influence with β=0.740. In short, strategies of investment in the teaching staff need greater attention and effective enforcement; besides, it is also necessary to continuously supplement and upgrade technical facilities for teaching and research activities and improve brand recognition in line with the university identity.","PeriodicalId":39427,"journal":{"name":"WSEAS Transactions on Business and Economics","volume":"28 7","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139847654","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}

引用次数: 0

Bridging the Gender Gap in STEM Fields: Empowering Women for Economic and Social Development in Malaysia 缩小 STEM 领域的性别差距：增强妇女权能，促进马来西亚的经济和社会发展

WSEAS Transactions on Business and Economics Pub Date : 2024-01-26 DOI: 10.37394/23207.2024.21.51

Rashidin Idris, Md. Faisal-E-Alam, R. Castanho, Luís Loures

{"title":"Bridging the Gender Gap in STEM Fields: Empowering Women for Economic and Social Development in Malaysia","authors":"Rashidin Idris, Md. Faisal-E-Alam, R. Castanho, Luís Loures","doi":"10.37394/23207.2024.21.51","DOIUrl":"https://doi.org/10.37394/23207.2024.21.51","url":null,"abstract":"The study’s primary goal is to understand and address gender disparities in STEM education and careers in Malaysia. The methodology entails an in-depth review and analysis of existing policies, academic literature, and statistical data from previous reports. The study reveals that the gender discrepancy in STEM education and careers has significant ramifications, not just for women’s economic empowerment, but also for the overall economic growth and development of the country. Also, research has demonstrated that the involvement of women in STEM education and professions is essential for promoting innovation, stimulating economic development, and propelling social advancement. However, despite efforts to advance gender equality in education and the job market, Malaysian women still face numerous obstacles when it comes to pursuing STEM education and employment. These obstacles include the underrepresentation of women in the workplace, the absence of female role models, a family-friendly environment, and societal norms and gender stereotypes that discourage women from entering traditionally male-dominated professions. This study emphasizes the importance of improving these issues to encourage female participation in STEM fields by empowering them for economic and social development.","PeriodicalId":39427,"journal":{"name":"WSEAS Transactions on Business and Economics","volume":"4 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139593109","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}

引用次数: 0