Asian Journal of Economics, Business and Accounting最新文献

{"title":"Trend of Foreign Direct Investment in Tanzania's Real Estate Industry From 2000 - 2020: A Systematic Review","authors":"Magreth Kulwa Emmanuel, Benard Joseph Chengelela","doi":"10.9734/ajeba/2024/v24i61382","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i61382","url":null,"abstract":"Foreign direct investment (FDI) has become an area of concern to many developing nations due to the economic benefits it presents to the host nation. Despite the notable growth and potential of the Tanzanian real estate market, there is lack of comprehensive, empirical studies that analyze the specific patterns of FDI inflows in the real estate industry in Tanzania over an extended period and their contributions to national GDP and other economic indicators. This systematic review aims to examine the trend of foreign direct investment (FDI) in Tanzania’s real estate industry from 2000 – 2020. Further, this review helps to determine the contribution of FDI to growth of GDP and other economic indicators in the country. Result shows that there was an irregular trend of FDI inflows in Tanzania’s real estate activities with various asymmetrical decrease and increase throughout the period from 2000 – 2020. However, the FDI inflows in real estate activities is not significantly associated with national GDP, national GDP growth rate, total FDI inflows in the country or contribution of the real estate activities in national GDP. There was a higher growth rate (between 4.2% - 7.5%) of real estate activities from 2000 – 2010, but was followed by a sharp decline to less than 2% in 2011 and then a steady growth rate of above 4% from 2015 – 2020. The percentage shares of GDP by real estate activities was relatively higher and steady from 2000 – 2010, followed by sharp decline from 2010 – 2011 and further decrease towards 2020. Further analysis indicated that there was a general increase in contribution of real estate activities in national GDP from 2000 – 2020. It is concluded that, FDI inflows in Tanzania’s real estate activities show an irregular trend with various asymmetrical decrease and increase throughout the period. The annual growth rate (%) of real estate activities in national GDP displays an irregular trend from 2000 – 2020. Further, there is a general increase in contribution of real estate activities in national GDP during the review period.","PeriodicalId":505152,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141356622","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":"CEO Power and Firm Value: Affirmative Action Implications","authors":"Wahyu Wijayanto, Giriati, Wendy, Helma Malini","doi":"10.9734/ajeba/2024/v24i61381","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i61381","url":null,"abstract":"Objective: This research aims to reveal the critical role of CEO leadership and affirmative action policies, particularly those related to gender equality, in enhancing firm value. \u0000Research Design: This study employs a quantitative design by analyzing secondary data from the ESG Intelligence Dataset and publications of the Indonesia Stock Exchange from 2017 to 2021. \u0000Population and Sample: The population of this research comprises non-financial companies listed in the Kompas 100 Index in Indonesia. The sample was selected using a purposive sampling method, yielding 42 companies per year, resulting in a total of 210 observations. \u0000Methodology: The data were analyzed using multiple regression analysis to examine the influence of CEO power and affirmative action on firm value. \u0000Findings: The research findings indicate that CEO leadership has a positive and significant impact on firm value. Affirmative action policies related to gender equality also play a positive role in strengthening the effect of CEO leadership on firm value. \u0000Conclusion: This research provides in-depth understanding and offers an innovative perspective for companies to optimize the role of CEOs and affirmative action policies to enhance long-term firm value. The primary recommendation is that companies should consider implementing affirmative action policies, especially those related to gender equality, to help align the interests of stakeholders and improve corporate governance.","PeriodicalId":505152,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141360207","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":"The Effect of CFO Characteristics on the Quality of Real Surplus: A Case Study of the Chinese Real Estate Industry","authors":"Nan Huang, Jia-hui He","doi":"10.9734/ajeba/2024/v24i61383","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i61383","url":null,"abstract":"The article selects the data on the characteristics of finance chief executive officers of real estate listed companies from 2018 to 2022 as a research sample and explores the relationship between the heterogeneous characteristics of finance executives and concurrent positions and real surplus management from five perspectives: gender, age, tenure, educational background, salary and compensation of finance chief executive officers. The study shows that: in the real estate industry, gender, salary, and compensation of financial CEOs are not related to surplus management; age is significantly positively related to surplus management in the case of concurrent directorship and significantly negatively related in the case of non-concurrent directorship; tenure of financial CEOs is significantly negatively related to surplus management in the case of non-concurrent directorship; and educational background of financial CEOs is significantly positively related to surplus management in the case of non-concurrent directorship.","PeriodicalId":505152,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141358755","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":"The Rising Popularity of Online Lending in Indonesia: The New Opportunities for Banks (Push-Pull Mooring Perspective)","authors":"Audisty Prana Hardayu, Nur Afifah, Mustaruddin","doi":"10.9734/ajeba/2024/v24i61379","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i61379","url":null,"abstract":"Background and Purpose: Fintech lending, also known as online lending, has experienced fast growth in Indonesia in recent years through digital platforms. Online lending is supplanting the financial intermediation function hitherto predominantly held by banks. This study examines the factors influencing Indonesians' inclination to transition from traditional banking services to online lending. It seeks to understand the appeal of online lending, which has enabled it to supplant Indonesian banks in financial intermediation, employing the Push-Pull Mooring theory. \u0000Methodology: This study used a nonprobability sampling technique to choose 200 respondents who are consumers of banking services and have transitioned to online lending. Data was gathered through Google Forms and subsequently analyzed utilizing SEM-PLS 4.0. \u0000Findings: The findings indicate that pull variables exert the most significant impact on the inclination to transition to online lending, with push variables following closely behind. The variable \"switching barrier\" does not influence the intention to switch to online lending. However, switching costs and low financial literacy significantly impact the switching barrier. Additionally, the moderation effect does not enhance the relationship between dissatisfaction with banking and the appeal of online lending. Online lending has attracted users by providing a value proposition that includes easy digital onboarding, quick loan processing and payout, and unsecured credit options for unbanked customers. The influence of brand loyalty on customer choices when selecting an online lender is minimal. \u0000Contributions: This study aims to enhance marketing theory and consumer behavior understanding by investigating the factors influencing Indonesians' intention to transition from traditional banking services to online lending, specifically focusing on Push-Pull and Mooring factors.","PeriodicalId":505152,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141372700","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":"Service Quality and Customer Relationship Management on Customer Loyalty: The Mediating Role of Customer Satisfaction","authors":"Said Ramadhan, Nur Laili Fikriah","doi":"10.9734/ajeba/2024/v24i61380","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i61380","url":null,"abstract":"Aims: The purpose of this study was to determine how customer satisfaction affected the relationship between service quality, customer loyalty, and customer relationship management among McDonald's generation Z customers in Malang. \u0000Problem Formulation: (1) Does service quality have a significant effect on customer satisfaction for McDonald's products? (2) Does customer relationship management have a significant effect on customer satisfaction for McDonald's products? (3) Does customer satisfaction have a significant effect on customer loyalty for McDonald's products? (4) Does service quality have a significant effect on customer loyalty for McDonald's products? (5) Does customer relationship management have a significant effect on customer loyalty for McDonald's products? (6) Does customer satisfaction significantly mediate the effect of service quality on customer loyalty for McDonald's products? (7) Does customer satisfaction significantly mediate the effect of customer relationship management on customer loyalty for McDonald's products? \u0000Study Design: This study employs a quantitative methodology that combines exploratory and descriptive research techniques. \u0000Place of Study: Respondents in this study are McDonald's consumers in Malang City who fall into the generation Z category. \u0000Methodology: The sampling approach used was nonprobability sampling, especially purposive sampling. Respondents in this study totaled 160 people, which is equal to the number of research items used, 32 multiplied by 5, yielding the result 160. The data was processed with smartPLS 3.0. \u0000Results: Based on the validity test results, each statement item is valid. Furthermore, hypothesis testing shows that service quality affects customer satisfaction, customer relationship management affects customer satisfaction, customer loyalty is not influenced by service quality, customer satisfaction affects customer loyalty, customer satisfaction can mediate the effect between service quality on customer loyalty, and customer satisfaction can mediate the effect of customer relationship management on customer loyalty. \u0000Conclusion: Although customer happiness serves as a mediator, it is not directly influenced by customer loyalty or customer relationship management. Instead, they have an indirect influence on it. This research contributes to our understanding of the elements that can influence McDonald's customer loyalty in Malang City. In summary, increasing customer happiness is the first step to increasing customer loyalty, which can then be achieved through better customer relationship management and service quality.","PeriodicalId":505152,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141375582","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":"The Influence of Health Facilities and Personnel on Life Expectancy in Yogyakarta Province","authors":"Sri Suharsih, Ammar Thorif, Mufiidah Qurrota ‘Aini, Agnes Debora Sinaga","doi":"10.9734/ajeba/2024/v24i61377","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i61377","url":null,"abstract":"Aims: Health service development aims to improve the quality of human resources. In this case, health development leads to public awareness and their desire to live healthily. One indicator of development success is the change in the average life expectancy (AHH) of an area. Life expectancy is a national or regional standard for measuring the government's success in improving public health. The life expectancy rate for DIY Province will be the highest in Indonesia in 2022.\u0000Study Design:  This research is using quantitative design with analysing data time series using secondary data.\u0000Place and Duration of Study: Sample: The data used is annual data from 2000 to 2022, obtained from the online data of the Yogyakarta Health ministry and in figure.\u0000Methodology: The analytical method used is multiple regression on time series data.\u0000Results: The results of the study showed that the number of health workers, outpatient visits, and inpatient visits did not have a significant effect, while the number of hospitals and health centres had a significant effect on life expectancy. It is hoped that this research can become the basis for policies to increase higher-quality medical personnel in the future.\u0000Conclusion: The number of health workers, outpatients, and inpatients does not significantly impact life expectancy unless accompanied by quality facilities and infrastructure. In times of crisis (e.g. pandemic), inadequate facilities can decrease life expectancy. Additionally, increasing health workers without equal distribution, especially in remote areas, has no effect on life expectancy. However, the number of hospitals and health centers has a significant impact on life expectancy as they provide essential disease prevention and treatment services.","PeriodicalId":505152,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141377196","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":"Group Economics as a Catalyst for Enhancing Housing Supply: A Case Study of Miami, South Florida","authors":"C. T. Muoneke","doi":"10.9734/ajeba/2024/v24i61376","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i61376","url":null,"abstract":"Affordable housing remains a critical issue in the United States, particularly in South Florida, where rising costs have marginalized many low- and middle-income families. Traditional housing supply mechanisms often struggle with inefficiencies related to funding, policy constraints, and market dynamics. This article explored the potential of group economics as an innovative approach to enhance housing supply in South Florida, specifically through a case study in Miami. Group economics, rooted in cooperative behavior and mutual aid, emphasizes collective action and resource pooling to address housing challenges. The study employs a qualitative strategy that involves document analysis to provide a detailed examination of three specific projects: Liberty City Community Land Trust (CLT), Little Havana Cooperative Housing, and the Overtown Collective Self-Build Project. The data were gathered from policy documents, statistical reports, and existing literature on these projects. Findings indicate that the Liberty City CLT model successfully provided long-term affordable housing through land leases, enhancing community stability and engagement despite funding challenges. The Little Havana Cooperative Housing project demonstrated significant cost savings and improved quality of life for residents through shared amenities and democratic governance, though it faced complexities in decision-making processes. The Overtown Collective Self-Build Project achieved substantial cost reductions and skill development among participants, fostering strong community bonds, albeit requiring significant time investment. Comparative analysis revealed that while all three models effectively increased housing affordability and supply, each had unique strengths and scalability challenges. The CLT model ensured long-term affordability, the cooperative housing model provided immediate cost savings and enhanced amenities, and the self-build project promoted self-sufficiency and skill acquisition. This study underscores the potential of group economics to provide sustainable and community-focused housing solutions. It advocates for addressing the urgent need for affordable housing in urban centers like Miami.","PeriodicalId":505152,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141380240","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":"Moderating Effect of Intellectual Capital Components on the Relationship between ESG Scores and Firm Financial Performance","authors":"Adi Pratama, B. Pratama, Sri Wahyuni, Ira Hapsari","doi":"10.9734/ajeba/2024/v24i61375","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i61375","url":null,"abstract":"Aims: This study aims to determine the relationship between ESG Scores, Human Capital Efficiency (hereinafter referred to as HCE), Structural Capital Efficiency (hereinafter referred to as SCE), and Capital Employed Efficiency (hereinafter referred to as CEE) with Firm Financial Performance (hereinafter referred to as FFP). The role of HCE, SCE, and CEE as moderation between ESG Scores and FFP is also examined. This study uses Firm Size as a control variable. \u0000Study Design: Quantitative, Correlation, Panel data regression on time series data. \u0000Place and Duration of Study: Sample: With a purposive sampling approach, a total of 122 consisting of 58 companies listed on the Indonesian Stock Exchange in 2020-2023 and have ESG Scores from Morningstar Sustainalytics. \u0000Methodology: This study utilized the Fixed Effect Regression Model based on the preliminary test results for panel data regression. \u0000Results: The results of this study indicate that ESG Scores, HCE, and CEE have a positive effect on FFP, SCE doesn’t affect FFP, HCE cannot moderate the relationship between ESG Scores and FFP, SCE weakens the relationship between ESG Scores and FFP, and CEE strengthens the relationship between ESG Scores and FFP. \u0000Conclusion: This research concludes that the company's increasing FFP is influenced by several factors, including ESG Scores and Intellectual Capital (hereinafter referred to as IC) Component. The results of this study can be taken into consideration by companies and external parties such as potential investors and can influence stakeholders’ decision-making regarding the FFP which is influenced by ESG reflected by ESG Scores and knowledge-based corporate resources reflected by the IC Component.","PeriodicalId":505152,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141381343","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":"The Effect of Implementing Green Accounting and Material Flow Cost Accounting (MFCA) on the Value of Manufacturing Companies","authors":"Nurikke Agus Fitriani, Yosefa Sayekti, Ririn Irmadariyani","doi":"10.9734/ajeba/2024/v24i61378","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i61378","url":null,"abstract":"This article aims to determine the effect of implementing green accounting and material flow cost accounting (MFCA) on the value of manufacturing companies. This research uses secondary data in the form of an Annual Report which is accessed via the BEI page which is accessed via the relevant manufacturing company's website. The reporting period used is the period 2018 to 2022. The population in this research is the annual reports of manufacturing companies listed on the BEI and the websites of related manufacturing companies as secondary data sources. Using purposive sampling technique to select samples from manufacturing companies listed on the BEI. The data analysis method used is multiple linear regression analysis. The research results show that Green Accounting on Company Value shows a significant positive influence. This proves that the higher the Green Accounting will increase the Company Value. Material Flow Cost Accounting on Company Value shows a significant positive influence. This proves that the higher the Material Flow Cost Accounting will increase the Company Value. The result of this research can add and contribute to development of theory regarding the application of Green Accounting and Material Flow Cost Accounting (MFCA).","PeriodicalId":505152,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141378593","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":"Behavioral Attributes Influencing Decision Making of Indian Derivative Market Investors","authors":"LG Honey Singh, Amar Kumar Chaudhary","doi":"10.9734/ajeba/2024/v24i61374","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i61374","url":null,"abstract":"Aim: The retail investors of the Indian investment landscape are found to base their investment decisions on several factors that may not be entirely attributed to price movement and information availability. Various studies have been conducted to capture these behavioral attributes that may invariably have an influencing effect either knowingly or unknowingly on the investors. This study aims to identify these behavioral biases influencing investor’s decision-making when they are active participants in the Indian Derivative market. \u0000Methodology: The study is conducted using primary data over 200 derivative investors within the northern Indian subcontinent aged between 18 years to 50 years. A questionnaire has been adapted from the defined scales from literature and uses the Likert scale to measure the behavioral patterns of investors. A cross-sectional survey method is used to distribute the questionnaire both online and offline. Factor analysis is then employed to identify the latent variables impacting the decision-making. \u0000Results: The sample under study generated six factors that have a significant influence on decision-making. These factors include Herding bias, Overconfidence bias, Risk Aversion, Market Responsiveness, Information processing Style and Information Reliance. All these factors have a significant influence on the investors buying and selling behavior in the Indian derivative market. A reliability test was run to assess the reliability of the factors where the Cronbach alpha was found to be above 0.8 for all the factors which shows a strong internal coherence among the factors.","PeriodicalId":505152,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141384709","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}