Asian Economic and Financial Review最新文献_第10页

Estimating the Energy Demand of the Residential Real Estate Stock in Hungary Based on Energy Performance Certificate Data 基于能源绩效证书数据的匈牙利住宅房地产存量能源需求估算

Asian Economic and Financial Review Pub Date : 2023-01-01 DOI: 10.33893/fer.22.3.123

Mónika Bene, Antal Ertl, Áron Horváth, Gergely Mónus, Judit Székely

引用次数: 0

Tawarruq as an alternative product for bai al-inah within the Islamic banking system: A case study of Somali Islamic banks Tawarruq作为伊斯兰银行体系内bai al-inah的替代产品:索马里伊斯兰银行的案例研究

Asian Economic and Financial Review Pub Date : 2022-12-27 DOI: 10.55493/5002.v13i1.4697

Galad Mohamed Barre

{"title":"Tawarruq as an alternative product for bai al-inah within the Islamic banking system: A case study of Somali Islamic banks","authors":"Galad Mohamed Barre","doi":"10.55493/5002.v13i1.4697","DOIUrl":"https://doi.org/10.55493/5002.v13i1.4697","url":null,"abstract":"The problem of liquidity raises a lot of questions regarding the products and services that Islamic banks offer to their customers. The purpose of this paper is to examine the applicability of tawarruq as a cash financing instrument and the possibility of using tawarruq as an alternative to bai al-inah in Somalia. This study focuses on awareness, the need for tawarruq, comparability, behavioral intention to use tawarruq, the relative benefit of tawarruq, and the function of Shariah scholars in determining whether tawarruq is acceptable in Somalia. This study adopted a quantitative research method by using descriptive analysis. A self-administered questionnaire was distributed to 150 customers of Islamic banks in Mogadishu, Somalia. Convenience sampling was used to select the respondents and data was analyzed by employing Statistical Package for the Social Sciences (SPSS) 23. It was found that the customers of Islamic banks in Somalia would like to see banks offering tawarruq as a product. The study shows new evidence that the majority of the respondents agreed or strongly agreed with all variables. It was also found that tawarruq is very attractive to the respondents compared to other Islamic banking products that banks offer. The findings of this study will help Islamic financial institutions in Somalia by showing the positive aspects of utilizing tawarruq as a method of cash financing. This survey contributes to the literature by enhancing the awareness of tawarruq in Somalia. The study also shows the demand for tawarruq among customers of Islamic banks for cash financing purposes in Somalia.","PeriodicalId":53424,"journal":{"name":"Asian Economic and Financial Review","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88590504","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: 1

Waqf management and accountability: Waqf land financing models for economic wellbeing Waqf管理和问责制:Waqf土地融资模式促进经济福祉

Asian Economic and Financial Review Pub Date : 2022-12-27 DOI: 10.55493/5002.v13i1.4696

Unggul Priyadi, Siti Achiria, Mochamad Ali Imron, G. Zandi

引用次数: 2

Benchmark Beating and Earnings Manipulation in Nigerian Firms 尼日利亚公司的基准击败和盈利操纵

Asian Economic and Financial Review Pub Date : 2022-12-20 DOI: 10.55493/5002.v13i1.4694

Gbadebo Adedeji, Akande Joseph, Y. Harada, Orraya Suwanno, Adekunle Ahmed

{"title":"Benchmark Beating and Earnings Manipulation in Nigerian Firms","authors":"Gbadebo Adedeji, Akande Joseph, Y. Harada, Orraya Suwanno, Adekunle Ahmed","doi":"10.55493/5002.v13i1.4694","DOIUrl":"https://doi.org/10.55493/5002.v13i1.4694","url":null,"abstract":"Earnings management among firms remains a central focus for academics, auditors and regulatory bodies. Benchmark-motivated earnings management occurs when managers engage in opportunistic activities, including flexible use of accounting standards to misrepresent the information in a firm’s financial reports. Academic research has focused on how firms manage earnings to beat benchmarks, but the evidence regarding firms in emerging African stock markets is scarce and none is available for Nigeria. We applied both accruals quality and discretionary accruals models to detect whether firms that beat earnings benchmarks report earnings differently from others. Using 161 firms listed on the Nigerian Stock Exchange from 2002 to 2019, the study verifies how benchmark beaters manage earnings under the framework of two earnings thresholds – earnings (level) and positive earnings changes. Earnings persistence tests were carried out to verify whether benchmark beaters are consistent manipulators relative to non-beaters. The findings indicate that positive earnings benchmarks differ among the dichotomized groups. The evidence is not sufficient to validate that the change in earnings benchmarks motivates earnings discretions. However, the evidence may improve for larger samples. The study offers insights for informed decisions on the expectation of investment returns for investors, creditors, and other market partakers that require earnings information.","PeriodicalId":53424,"journal":{"name":"Asian Economic and Financial Review","volume":"29 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87028817","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: 1

The Impact of Quality Dimensions of Accounting Information System Success on the Effectiveness of During-Financial Crisis Management: The Mediating Role of System Usage in a Government Sector Context 会计信息系统成功的质量维度对金融危机管理有效性的影响:政府部门背景下系统使用的中介作用

Asian Economic and Financial Review Pub Date : 2022-12-02 DOI: 10.55493/5002.v13i1.4686

M. H. M. Dalloul, Z. Ibrahim, S. Urus

{"title":"The Impact of Quality Dimensions of Accounting Information System Success on the Effectiveness of During-Financial Crisis Management: The Mediating Role of System Usage in a Government Sector Context","authors":"M. H. M. Dalloul, Z. Ibrahim, S. Urus","doi":"10.55493/5002.v13i1.4686","DOIUrl":"https://doi.org/10.55493/5002.v13i1.4686","url":null,"abstract":"The primary purpose of this research is to explore the value of quality dimensions of accounting information systems (AIS) success, as represented by system quality (SQ), information quality (IQ) and service quality (SVQ), on the effectiveness of management during financial crises. This paper highlights the mediation role of system usage (SU) in those associations in the context of a government ministry. Descriptive analytical and quantitative approaches were adopted, using a questionnaire as the data collection instrument and selecting employees of the Palestinian Ministry of Finance as a population sample for the research. A total of 141 questionnaires were distributed, of which 105 were valid for statistical analysis. In the data analysis, the partial least squares (PLS) and structural equation modelling (SEM) techniques were adopted using SmartPLS software. The results indicate a direct significant effect between SQ, IQ, SVQ, and managing during financial crises in the research context. The mediation of SU in the influence between IQ, SQ, and managing during financial crises in the governmental context is clear. Conversely, this mediation was not demonstrated in the effect of SVQ. The research emphasizes the necessity of adopting high-quality AIS in terms of SQ, IQ and SVQ because of their critical role in enhancing management effectiveness during a financial crisis. The advancement and wider employment of AIS that have high-quality characteristics can improve management tasks during a financial crisis, increasing the ability to contain the crisis and reduce its broader repercussions.","PeriodicalId":53424,"journal":{"name":"Asian Economic and Financial Review","volume":"73 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86248820","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: 2

IFRS Adoption and Accrual-Based Managed Earnings in Nigeria 尼日利亚采用国际财务报告准则和应计制管理盈余

Asian Economic and Financial Review Pub Date : 2022-11-23 DOI: 10.55493/5002.v12i12.4669

W. Adedokun, A. Gbadebo, A. O. Adekunle, J. Akande

引用次数: 1

Does Corporate Governance Constrain Earnings Management in an Unstable Economic and Political Environment? 在不稳定的经济和政治环境下，公司治理是否约束盈余管理?

Asian Economic and Financial Review Pub Date : 2022-11-23 DOI: 10.55493/5002.v12i12.4670

Yousef Hassan, Ahmed Abousamak, Rafiq Hijazi

{"title":"Does Corporate Governance Constrain Earnings Management in an Unstable Economic and Political Environment?","authors":"Yousef Hassan, Ahmed Abousamak, Rafiq Hijazi","doi":"10.55493/5002.v12i12.4670","DOIUrl":"https://doi.org/10.55493/5002.v12i12.4670","url":null,"abstract":"The purpose of this research is to examine the effects of corporate governance structures on earnings management behavior in a weakly governed and politically unstable environment. A panel of data from 35 non-bank companies listed on the Palestine Exchange between 2012 and 2019 was employed. A fixed effects regression model was used to examine the impact of certain board characteristics (board size, board meetings, and audit committee formation) and ownership structures (institutional ownership, foreign ownership, and ownership concentration) on earnings management in the volatile and risky political and economic environment of Palestine. The findings indicate that corporate governance and ownership systems in Palestine appear to be ineffective in constraining earnings management practices. None of the board attributes appear to constrain earnings management practices. However, there is weak evidence to show that ownership concentration has some effect in curbing earnings manipulation. The findings of this study are expected to increase awareness among Palestinian regulators, investors, and other policymakers regarding the role of boards of directors and institutional and foreign shareholders in monitoring Palestinian listed companies to enhance corporate governance and the quality of financial reporting.","PeriodicalId":53424,"journal":{"name":"Asian Economic and Financial Review","volume":"118 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-11-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80291168","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: 1

Marketing Equity using a Five-Factor Asset Pricing Model in ASEAN Countries 东盟国家五因素资产定价模型的股权营销

Asian Economic and Financial Review Pub Date : 2022-11-22 DOI: 10.55493/5002.v12i12.4665

S. Pillay, S. Ramasamy, Yuen Yee Yen

{"title":"Marketing Equity using a Five-Factor Asset Pricing Model in ASEAN Countries","authors":"S. Pillay, S. Ramasamy, Yuen Yee Yen","doi":"10.55493/5002.v12i12.4665","DOIUrl":"https://doi.org/10.55493/5002.v12i12.4665","url":null,"abstract":"This research examines the impact of market risk premium, size, book-to-market equity, profitability, and investment as risk factors on stock return. Portfolios are formed to develop the left-hand side and right-hand side portfolios. The objective of this paper is to assess the performance of the equity market and to enhance the generalizability of the five-factor model. A statistical analysis is applied to estimate the asset pricing model to assess their performance in the Association of Southeast Asian Nations (ASEAN) equity market. The researchers found that there were value premiums in the average stock returns in all the countries except Malaysia. Traces of profitability premium can be observed in Malaysia, Thailand and Indonesia. However, there was no evidence of investment premiums in any of the countries. The study examines whether the asset pricing models capture the value, profitability and investment patterns in the capital market. The five-factor model performs better than the three-factor model in explaining the average excess returns of the size–BM (book-to-market) and size–profitability portfolios. However, the five-factor model fares poorly in explaining the average excess returns of the size–investment portfolios.","PeriodicalId":53424,"journal":{"name":"Asian Economic and Financial Review","volume":"55 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86637165","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 Long-Term Performance of Capital Expenditure from a Fundamental Perspective: Evidence from Indonesia 从基本面看资本支出的长期绩效:来自印尼的证据

Asian Economic and Financial Review Pub Date : 2022-11-22 DOI: 10.55493/5002.v12i12.4667

Hendri Kwistianus, Juniarti

{"title":"The Long-Term Performance of Capital Expenditure from a Fundamental Perspective: Evidence from Indonesia","authors":"Hendri Kwistianus, Juniarti","doi":"10.55493/5002.v12i12.4667","DOIUrl":"https://doi.org/10.55493/5002.v12i12.4667","url":null,"abstract":"This study aims to identify the effect of capital expenditure on the long-term performance on companies listed on the Indonesia Stock Exchange (IDX). Fundamental measurements were used as the internal perspective of performance; This study also tries to fill the gap due to the lack of studies that discuss capital expenditure in Indonesia by providing empirical evidence regarding capital expenditure in the context of Indonesia's stock market. Capital expenditure is represented by the growth of fixed assets for the current period. The long-term performance utilizes earnings persistence and is measured using the regression of ROA and ROE for the past six years, and then the coefficients are determined using the lags of ROA and ROE in the three years after capital expenditure. The sample comprises 60 “big cap” companies listed on the IDX at the beginning of the sample period (in 2016) and for four years of the sampling period (2016–2019) with a total of 240 observations. The companies sampled should fulfill the criteria of having complete financial data for the six years before the sampling period. The hypothesis testing proves that capital expenditure impacts long-term performance, with no evidence to the contrary. Additional testing utilizing the control variables generated additional interesting results with important implications.","PeriodicalId":53424,"journal":{"name":"Asian Economic and Financial Review","volume":"3 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87302965","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

An Assessment of Currency Exposure of Non-Financial Firms in ASEAN-4: Insights using the Stock Returns and Cash Flow Methodologies 东盟-4非金融企业货币风险评估:运用股票收益和现金流方法的洞察

Asian Economic and Financial Review Pub Date : 2022-11-22 DOI: 10.55493/5002.v12i12.4666

H. A. Wahab, O. Bacha, Norhazlina Ibrahim, A. Abdullah, Nurul Afaaf Mohd Nasir

{"title":"An Assessment of Currency Exposure of Non-Financial Firms in ASEAN-4: Insights using the Stock Returns and Cash Flow Methodologies","authors":"H. A. Wahab, O. Bacha, Norhazlina Ibrahim, A. Abdullah, Nurul Afaaf Mohd Nasir","doi":"10.55493/5002.v12i12.4666","DOIUrl":"https://doi.org/10.55493/5002.v12i12.4666","url":null,"abstract":"This study examines the extent and nature of foreign exchange exposure in 405 listed corporations operating in the ASEAN-4 nations, Indonesia, Malaysia, Singapore, and Thailand. The study period of 23 years, from 1995 to 2017, covers the two major crisis periods, the Asian financial crisis (AFC) of 1997 and the global financial crisis (GFC) of 2008. Our study improves on earlier work by using two alternative assessment methods, i.e., stock returns (SR) and cash flow (CF) methods. We report several interesting and noteworthy results. First, we find that the stock returns approach results in a higher incidence of exchange rate exposure relative to the cash flow method. Specifically, about 65% and 28% of the total ASEAN-4 firms had significant exposure to all currencies under the stock returns and cash flow methods, respectively. Second, we find the sample firms to have predominant exposure to the US dollar, signifying the important role played by the United States (US) as the major trading partner of the ASEAN-4. Third, when evaluating time-varying exposure, we find that the incidence of the exchange rate exposure is event-specific. Most of our sample firms were highly exposed to exchange rates during the mid-points of the AFC and the GFC.","PeriodicalId":53424,"journal":{"name":"Asian Economic and Financial Review","volume":"35 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75134349","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: 1