EtikonomiPub Date : 2021-02-22DOI: 10.15408/ETK.V20I1.15433
Taslima Jannat, N. Omar, Syed Shah Alam
{"title":"Examining the Role of Deception on Employees’ Threat Appraisal Process, Coping Appraisal Process and Unethical Behavior in Organization","authors":"Taslima Jannat, N. Omar, Syed Shah Alam","doi":"10.15408/ETK.V20I1.15433","DOIUrl":"https://doi.org/10.15408/ETK.V20I1.15433","url":null,"abstract":"The purpose of this study is to examine whether deception influences unethical behavior, employee perceptions of threat, and their coping appraisal processes. It also examines the role of deception in influencing employees' threat appraisal and coping appraisal processing. Using the structural equation model (PLS-SEM), this study reveals a strong relationship between deception, unethical behavior, employees' perceived threat appraisal process, and the coping appraisal process. The empirical findings suggest that deception is a common practice in organizations and significantly influences unethical behavior. This study also finds that deception plays a crucial role in reducing employees' perceptions of threat regarding negative outcomes for engaging in unethical behavior while significantly influencing employees' perceived coping appraisal process, which suggests that deceptive behavior can protect them from the threat of detection their unethical behavior. The findings provide new insights into the relationship among deception, employees' perceived threat appraisal process, coping appraisal process, and unethical behavior and paves the way for further research in this area. JEL Classification: L3, M1, M10, M14, M48 How to Cite: Jannat, T., Omar, N. A., & Alam, S. H. (2021). Is Deception an Antecedent for Employees’ Cognitive Appraisal Proceses and Unethical Behavior?. Etikonomi , 20 (1), 153 – 168. https://doi.org/10.15408/etk.v20i1.15433.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2021-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48326047","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}
EtikonomiPub Date : 2021-02-22DOI: 10.15408/ETK.V20I1.19156
D. Setiawan, M. Prabowo, Irwan Trinugroho, Bany Ariffin Amin Noordin
{"title":"Board of Commissioners’ Structure, Ownership Retention, and IPO Underpricing: Evidence from Indonesia","authors":"D. Setiawan, M. Prabowo, Irwan Trinugroho, Bany Ariffin Amin Noordin","doi":"10.15408/ETK.V20I1.19156","DOIUrl":"https://doi.org/10.15408/ETK.V20I1.19156","url":null,"abstract":"This research examines how the board of commissioners' structure and ownership retention affect IPO underpricing in Indonesia. In this study, we have examined the following three aspects: the number of board of commissioners, percentage of independent commissioners, and percentage of female commissioners. In total, 186 Indonesian companies that have conducted IPO from 2001 to 2016 were included in this study. This study uses multiple regressions to test the hypothesis. Our findings show that ownership retention has a negative implication on underpricing. Furthermore, the number of board of commissioners and independent commissioners has also been determined to reduce the level of underpricing. However, female commissioners were found to have no significant effect on IPO underpricing; furthermore, it demonstrated no significant effect in reducing the level of underpricing. These results show that higher ownership retention, a smaller number of board members, and a higher percentage of independent commissioners can reduce IPO underpricing. JEL Classification: G30, G32 How to Cite: Setiawan, D., Prabowo, M. A., Trinugroho, I., & Noordin, B. A. A. (2021). Board of Commissioners’ Structure, Ownership Retention, and IPO Underpricing: Evidence from Indonesia. Etikonomi , 20 (1), 185 – 200. https://doi.org/10.15408/etk.v20i1.19156.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2021-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45744105","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}
EtikonomiPub Date : 2021-02-22DOI: 10.15408/ETK.V20I1.15984
Kumar Debasis Dutta, Mallika Saha
{"title":"Nonlinearity of Competition-Stability Nexus: Evidence from Bangladesh","authors":"Kumar Debasis Dutta, Mallika Saha","doi":"10.15408/ETK.V20I1.15984","DOIUrl":"https://doi.org/10.15408/ETK.V20I1.15984","url":null,"abstract":"Financial deregulation since the 1980s has been stimulating fierce competition among banks and influencing financial stability across the world. In pace with this, Bangladesh's banking industry is also experiencing intense competition since it is composed of many banks. The empirical evidence on competition and stability widely debate to date, perhaps for not considering the potential nonlinearity. Therefore, our study aims to explore the nonlinear impact of competition on the financial stability of Bangladeshi banks over 2010-2017. For achieving this objective, we compute the Boone indicator and Z-score using bank-level data to measure competition and stability, respectively, and examine the nonlinear dynamics of competition-stability nexus employing threshold analysis in a panel setup. Our findings confirm that the competition-stability relationship is nonlinear and implies that financial stability is more substantial (weaker) in a less (more) competitive market. Our results bear specific policy implications. JEL Classification: G21, G28 How to Cite: Dutta, K. D., & Saha, M. (2021). Nonlinearity of Competition-Stability Nexus: Evidence from Bangladesh. Etikonomi , 20 (1), 55 – 66. https://doi.org/10.15408/etk.v20i1.15984.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2021-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48093030","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}
EtikonomiPub Date : 2021-02-22DOI: 10.15408/ETK.V20I1.18417
M. Alam, Md. Shabbir Alam
{"title":"Financial Development, Economic Growth and Poverty Reduction in India: An Empirical Evidence","authors":"M. Alam, Md. Shabbir Alam","doi":"10.15408/ETK.V20I1.18417","DOIUrl":"https://doi.org/10.15408/ETK.V20I1.18417","url":null,"abstract":"The paper examines the response of poverty reduction based on financial development and economic growth in India. The ARDL and ECM based model techniques analyze the long-run and short-run relationship among the variables in the model. The long-run estimates depict that financial development and economic growth have not significantly impacted poverty reduction and, on the other hand, resulted in injecting inequality and becoming attended to wealthier sections of the society. The short-run estimates show that financial development and economic growth have successfully tried to reduce poverty in India. The results flash a long-run nature of poverty in India and need to designs and formulations of policies that should be instrumental in reducing poverty. Impulse Response Functions' application indicates that poverty reduction will act as a catalyst for further poverty reduction in India . JEL Classification: I32, B26, O40, R15 How to Cite: Alam, M. Q., & Alam, M. S. (2021). Financial Development, Economic Growth, and Poverty Reduction in India. Etikonomi: Jurnal Ekonomi , 20(1), 13 – 22. https://doi.org/10.15408/etk.v20i1.18417.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2021-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42945397","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}
EtikonomiPub Date : 2021-02-22DOI: 10.15408/ETK.V20I1.15590
S. A. Atuahene, K. Yusheng, Geoffrey Benturn-Micah, Abigail Konadu Aboagye
{"title":"Impact of Capital Adequacy on Banks’ Performance: Considering the Basel International Regulatory Framework for Banks","authors":"S. A. Atuahene, K. Yusheng, Geoffrey Benturn-Micah, Abigail Konadu Aboagye","doi":"10.15408/ETK.V20I1.15590","DOIUrl":"https://doi.org/10.15408/ETK.V20I1.15590","url":null,"abstract":"This study examines the impact of banks' capital on the performance of banks. The studies adopted a fixed-effect model estimation. Time-series data covering the period 2008-2017 for Ghanaian listed universal banks was considered. We found out that the bank’s capital and banks’ net profit after tax has a positive and significant relationship with banks’ total asset base as a performance indicator. We further discovered through correlational analysis that there is a strong negative link between banks' outstanding loans (credit advancement) and banks' performance. The fundamental implications of this study are to encourage the monitoring of capital adequacy of banks since it creates opportunities for banks to perform effectively. JEL Classification : E5, E44, G21, G30 How to Cite: Atuahene, S. A., Yusheng, K., Bentum-Micah, G., & Aboagye, A. K. (2021). Impact of Capital Adequacy on Banks’ Performance: Considering the Basel International Regulatory Framework for Banks. Etikonomi: Jurnal Ekonomi , 20(1), 45 – 54. https://doi.org/10.15408/etk.v20i1.15590.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2021-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41998459","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}
EtikonomiPub Date : 2021-02-22DOI: 10.15408/ETK.V20I1.17204
Rozita Baba, Zulkefly Abdul Karim, M. Majid, Noorasiah Sulaiman
{"title":"The Determinants of the Technical Efficiency of Secondary Schools in Malaysia: A Panel Evidence","authors":"Rozita Baba, Zulkefly Abdul Karim, M. Majid, Noorasiah Sulaiman","doi":"10.15408/ETK.V20I1.17204","DOIUrl":"https://doi.org/10.15408/ETK.V20I1.17204","url":null,"abstract":"This study aims to identify the level of technical efficiency of secondary schools and its determinants using the data of 626 Malaysian secondary schools over 2010-2014. Two estimation techniques have been used; the first step is to estimate the school's efficiency score by employing a Data Envelopment Analysis approach. In the second step, we examine the factors affecting the schools' efficiency using a static panel data analysis. The main findings revealed that secondary education is technically inefficient, and on average, the schools can increase their output by 33% using the same resources. Secondary schools in rural areas and less-developed states indicate a better technical efficiency level than schools in urban areas and developed states. Factors that affect technical efficiency are school size, per capita income, and average wage. The findings suggest that the school may perform better by increasing the schools' size by having more classes. The opportunities to increase residents' and households' income may help the areas perform better than others. JEL Classification: H5, H75 How to Cite: Baba, R., Karim, Z. A., Majid, M. A., & Sulaiman, N. (2021). The Determinants of The Technical Efficiency of Secondary Schools in Malaysia: Panel Evidence. Etikonomi , 20 (1), 169 – 184. https://doi.org/10.15408/etk.v20i1.17204.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2021-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42602183","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}
EtikonomiPub Date : 2021-02-22DOI: 10.15408/ETK.V20I1.15231
N. I. Mohamad, Azman Ismail, Azmawaty Mohamad Nor
{"title":"Relationship between Managers’ Support and Training Application with Motivation to Learn as Mediator","authors":"N. I. Mohamad, Azman Ismail, Azmawaty Mohamad Nor","doi":"10.15408/ETK.V20I1.15231","DOIUrl":"https://doi.org/10.15408/ETK.V20I1.15231","url":null,"abstract":"Mohamad, N. I., Ismail, A., & Nor, A. M. (2021). Relationship Between Managers’ Support and Training Application with Motivation to Learn as Mediator. Etikonomi, 20(1), 119 – 136. https://doi.org/10.15408/etk.v20i1.15231. Abstract This study aims to assess the association between managers’ support, motivation to learn, and training application. The survey method utilizes to collect data from employees at Central Government Agencies in Putrajaya, Malaysia. The SmartPLS was employed to evaluate the quality of survey questionnaire data and test the research hypotheses. SmartPLS path analysis model’s findings displayed that managers’ support affects training application by the mediation with motivation to learn. This finding provides essential recommendations that practitioners may use to understand different motivations to learn and formulate a training master plan that may inspire employees to maintain and accomplish their organizations’ strategies and goals in times of global competition and economic uncertainty.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2021-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42100817","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}
EtikonomiPub Date : 2021-02-22DOI: 10.15408/ETK.V20I1.15908
Benjamin Korankye, Zuezhou Wen, Michael Appiah, L. Antwi
{"title":"The Nexus Between Financial Development, Economic Growth and Poverty Alleviation: PMG-ARDL Estimation","authors":"Benjamin Korankye, Zuezhou Wen, Michael Appiah, L. Antwi","doi":"10.15408/ETK.V20I1.15908","DOIUrl":"https://doi.org/10.15408/ETK.V20I1.15908","url":null,"abstract":"This study aims to find out the connections between financial development, economic growth, and poverty using panel data from 1985 to 2017 in fourteen African countries that many previous researchers ignore. The study deploys a dynamic Granger causality test to trace the nexus between financial development, economic growth, and poverty reduction in Africa in the long run. First, the upshots suggest a gross domestic product, gross capital formation, price of household consumption, and government expenditure substantially impacting poverty. Besides that, the result also shows a bi-directional in the long run using a PMG estimator. The findings broadly support the view that there is a stable, short-run relationship between financial development, economic growth, and poverty in the error correction terms. However, other variables show no causal relationship in the short run. In practicality, this study suggested some policy implications and supported governmental policies to reduce economic hardship on financial institutions . JEL Classification: G10, O47, I39, C33 How to Cite: Korankye, B., Wen, X., Appiah, M., & Antwi, L. (2021). The Nexus Between Financial Development, Economic Growth, and Poverty Alleviation: PMG-ARDL Estimation. Etikonomi: Jurnal Ekonomi , 20(1), 1 – 12. https://doi.org/10.15408/etk.v20i1.15908.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2021-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46288843","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}
EtikonomiPub Date : 2021-02-22DOI: 10.15408/ETK.V20I1.16177
Easmond Baah Nketia, Yusheng Kong
{"title":"Deciphering African Financial Development Interaction With Institutional Quality And Economic Growth Nexus","authors":"Easmond Baah Nketia, Yusheng Kong","doi":"10.15408/ETK.V20I1.16177","DOIUrl":"https://doi.org/10.15408/ETK.V20I1.16177","url":null,"abstract":"The paper scrutinized the correlation between financial development interaction with institutional quality and economic growth in Africa. The study adopted 30 different interactions. The study used the Augmented mean group estimation technique to estimate the model. Gross domestic savings/GDP and broad money/GDP positively influenced growth with the majority of interactions with institutional quality indicators. Credit to Private Sector/GDP interaction with Voice & Accountability; and Political Stability has a higher impact on growth than any interaction variable. However, government effectiveness, regulatory quality, and corruption control are weak in Africa; even if interacted with financial development indicators, it mostly reduces economic growth. This study recommends that governments in Africa strengthen financial development indicators; Bank Deposit/GDP, Gross Domestic Savings/GDP and Credit to private sector/GDP, and institutional quality indicator political stability & absence of violence since their interaction has proven to aid rapid economic growth . JEL Classification: E17, F62, F63 How to Cite: Nketia, E. B., & Kong, Y. (2021). Decipheting African Financial Development Interaction with Institutional Quality and Economic Growth Nexus. Etikonomi: Jurnal Ekonomi , 20(1), 23 – 44. https://doi.org/10.15408/etk.v20i1.16177.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2021-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49207135","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}
EtikonomiPub Date : 2021-02-22DOI: 10.15408/ETK.V20I1.17614
Umer Ilyas, Mattiullah Butt, M. Gulzar
{"title":"Exploring Philosophy of Co-Movements Between Stocks and Macroeconomic Variables","authors":"Umer Ilyas, Mattiullah Butt, M. Gulzar","doi":"10.15408/ETK.V20I1.17614","DOIUrl":"https://doi.org/10.15408/ETK.V20I1.17614","url":null,"abstract":"Ilyas, U., Ullah, M., & Gulzar, M. (2021). Exploring Philosophy of Co-Movements Between Stocks and Macroeconomic Variables. Etikonomi, 20(1), 67 – 76. https://doi.org/10.15408/etk.v20i1.17614. Abstract This study’s background is to explore how significant are macroeconomic variables (MEV) in explaining stock movements in the developing economy for every sector and each firm of those sectors. To overcome the deficiencies of traditional index base studies, which provide only cumulative impact and response of MEV and Stock movements, fill the gap of existing literature that is not available for all Pakistan stock exchange (PSX). Panel ARDL Model with Co-Integration is using to achieve this objective. The results show that the overall sector response for changing independent variables was different from the firms from the same sectors in many cases. These results show superiority over the conventional method of using a stock index as the dependent variable, which shows only cumulative response, which was not comprehensive for taking the right portfolio and designing policy for economic development. This study has general applicability to developing economies.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2021-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43453068","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}