Gadjah Mada international journal of business最新文献_第2页

A Test of Positive Feedback Trading among Foreign Portfolio Investors in Nigeria 尼日利亚外国投资组合投资者正反馈交易测试

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Gadjah Mada international journal of business Pub Date : 2023-09-05 DOI: 10.22146/gamaijb.69984

R. Abdulkadir

{"title":"A Test of Positive Feedback Trading among Foreign Portfolio Investors in Nigeria","authors":"R. Abdulkadir","doi":"10.22146/gamaijb.69984","DOIUrl":"https://doi.org/10.22146/gamaijb.69984","url":null,"abstract":"It has been established in the literature that the trading behavior of international investors may increase market vulnerability, especially for emerging markets. Consequently, this study examines whether positive feedback trading exists in the Nigerian stock market. Both descriptive and inferential analyses are carried out on monthly data covering the period 2013 to 2020. Specifically, the ARDL bounds testing approach is employed. Findings indicate that positive feedback trading exists in the market, as stock returns have positive and significant influence on foreign portfolio inflows. The results further show that this trading pattern becomes more prominent with rising economic growth. The findings again reveal that the exchange rate and the interest rate explain the foreign portfolio inflows in the Nigerian market. The study’s outcomes lend support for the pull theory in explaining the foreign portfolio inflow. However, no evidence is found in support of the push theory, as an explanation for the foreign portfolio inflow as the “OPEC basket crude oil price” is insignificant. It is thereby recommended that regulators should adopt measures that will help foreign investors to be better informed about the Nigerian market, in order to reduce their positive feedback trading behavior. Moreso, there is a need for the government to put in place policies targeted toward enhancing the growth of the stock market and the economy. In this way, the negative impact of such trading behavior will be minimal, as short-term trading by foreign investors will be reduced and the foreign portfolio inflows will be sustainable.","PeriodicalId":54086,"journal":{"name":"Gadjah Mada international journal of business","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2023-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48487008","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

Financial Distress and Audit Report Lags: An Empirical Study in Korea 财务困境与审计报告滞后:韩国的实证研究

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Gadjah Mada international journal of business Pub Date : 2023-09-05 DOI: 10.22146/gamaijb.72251

Jihwan Choi, Hyung Ju Park

{"title":"Financial Distress and Audit Report Lags: An Empirical Study in Korea","authors":"Jihwan Choi, Hyung Ju Park","doi":"10.22146/gamaijb.72251","DOIUrl":"https://doi.org/10.22146/gamaijb.72251","url":null,"abstract":"This study examines the association between a firm’s financial distress and audit report lags. Through this analysis, we intend to reveal whether auditors consider theclients’ financial distress when performing external audits. This study employs 2,786 firmyear observations from 2011 to 2018. The sample of this study consists of companies listedon the Korea Composite Stock Price Index (KOSPI) and the Korea Securities Dealers Automated Quotation (KOSDAQ). We perform OLS regression analysis to test our hypothesis. The OLS regression analysis is conducted through the SAS and STATA programs.We find that there is a significant and positive association between financial distress andaudit report lags. The audit report lags increase as the likelihood of clients’ financial distress increases. The results indicate that audits take different amounts of audit effort whenauditors consider financial distress as a business risk when they conduct audits. In otherwords, we provide evidence that auditors increase the amount of audit effort when thelikelihood of clients’ financial distress is high. In the absence of studies on how externalauditors respond to audited firms' financial distress, this study analyzes whether externalauditors change their audit efforts by assessing the audited firms' financial distress. Second, the empirical result that external auditors actually follow the guidelines related tobusiness risk and financial distress specified in the Korean Auditing Standards supportsthe effectiveness of the business risk-related regulations specified in the Korean AuditingStandards","PeriodicalId":54086,"journal":{"name":"Gadjah Mada international journal of business","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2023-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44211617","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 Government Accounting Information Matter to Gain Votes? Evidence from Local Elections in Indonesia 政府会计信息对获得选票有影响吗?来自印度尼西亚地方选举的证据

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Gadjah Mada international journal of business Pub Date : 2023-09-05 DOI: 10.22146/gamaijb.64668

Dyah Purwanti

{"title":"Does Government Accounting Information Matter to Gain Votes? Evidence from Local Elections in Indonesia","authors":"Dyah Purwanti","doi":"10.22146/gamaijb.64668","DOIUrl":"https://doi.org/10.22146/gamaijb.64668","url":null,"abstract":"Voting decisions have become a strategic tool to analyze whether voters consider an incumbent's economic policies make it worthwhile re-electing the incumbent. If a strong correlation between the information on economic policies and the election results could be proved, evidence would thus be found that government accounting captures data on the attributes of government finances, consistent with the information incorporated by constituents in their voting decisions. This study investigates the association between government accounting information and local election outcomes and observes two regional government clusters that held local elections in 2017 and 2018, in which 198 incumbents ran for office again. By employing regression analysis, this study finds that several accounting information items impact the vote acquisition of the incumbents. The specific finding is that budget accounting information has a more decisive influence on votes for the incumbents than financial accounting information does. The result implies budgetary accounting information that represents service performance is beneficial for gaining votes. The limitation that should be considered is the emphasis on the assumption of voter rationality, in which the voters accumulate performance information on the incumbents for their voting decisions. It is highly improbable that voters will allocate time to collecting and reading government financial statements on purpose.","PeriodicalId":54086,"journal":{"name":"Gadjah Mada international journal of business","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2023-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45741286","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

A Comparison of Financial Well-Being and Its Antecedents Across Different Employment Categories in Malaysia 马来西亚不同就业类别的财务状况及其影响因素比较

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Gadjah Mada international journal of business Pub Date : 2023-09-05 DOI: 10.22146/gamaijb.73947

Nurul Shahnaz Mahdzan, Mohd Edil Abd. Sukor, Rozaimah Zainudin, F. Zainir, Wan Marhaini Wan Ahmad

{"title":"A Comparison of Financial Well-Being and Its Antecedents Across Different Employment Categories in Malaysia","authors":"Nurul Shahnaz Mahdzan, Mohd Edil Abd. Sukor, Rozaimah Zainudin, F. Zainir, Wan Marhaini Wan Ahmad","doi":"10.22146/gamaijb.73947","DOIUrl":"https://doi.org/10.22146/gamaijb.73947","url":null,"abstract":"This study compares the level of financial well-being (FWB) and its antecedents(financial stress, financial behaviour, financial literacy, and the internal locus of control(LOC)) across individuals of different employment categories in Malaysia. Second, it investigates the relationship between those antecedents and FWB and compares the differences in the strength. Data were collected from 1,867 respondents from four employmentgroups using a questionnaire-based survey. Descriptive statistics and analysis of variance (ANOVA) were conducted to achieve the first research objective, and ordinary leastsquares (OLS) regression was used to achieve the second research objective. The resultsindicate that FWB and its antecedents of Malaysian employees vary considerably acrossemployment categories. The FWB of the unemployed and private-sector workers is significantly lower than their government sector and self-employed counterparts. Financialstress, financial behavior, and an internal LOC are the most determinative of employees’FWB, however, they have varying degrees of impact across different employment categories. The results relate to employers and policymakers in formulating strategies to promotehigher FWB among Malaysian employees, based on their employment categories.","PeriodicalId":54086,"journal":{"name":"Gadjah Mada international journal of business","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2023-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42037533","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 Effect of Push, Pull, and Mooring Factors on Customers’ Switching Intention to Green Cosmetics 推动、拉动和系泊因素对顾客转向绿色化妆品意愿的影响

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Gadjah Mada international journal of business Pub Date : 2023-09-05 DOI: 10.22146/gamaijb.69863

Asri Sekar Mawar Firdausi, Basu Swahtha Dharmmesta

{"title":"The Effect of Push, Pull, and Mooring Factors on Customers’ Switching Intention to Green Cosmetics","authors":"Asri Sekar Mawar Firdausi, Basu Swahtha Dharmmesta","doi":"10.22146/gamaijb.69863","DOIUrl":"https://doi.org/10.22146/gamaijb.69863","url":null,"abstract":"Nowadays, consumption patterns concern consumers since they have negative impacts on environmental sustainability. Marketers have conducted some efforts to create eco-friendly products. This condition has caused research into green marketing to grow significantly. Various studies have been conducted to examine consumers' behavior intentions toward green products. However, the theory applied to explain the phenomenon still has the potential to be developed. Thus, in this study, the researchers examine the consumers' switching intention from conventional cosmetics to green cosmetics, by applying the migration theory and the push-pull-mooring framework. The push factors are explained by the dissatisfaction variable and the low-quality variable. The alternative attractiveness variable explains the pull factor. Meanwhile, the mooring factors are explained by variety-seeking and the unfavorable subjective norm variables. PLS-SEM is used to analyze 198 consumers of conventional cosmetics. The results indicate that the pull factor is the main factor that supports the consumers' switching intention to green cosmetics, and the second is the push factor. Furthermore, the mooring factors are proven to moderate the effect of the pull factor on consumers' switching intention. On the other hand, the mooring factors are not shown to moderate the influence of the push factors on the consumers' switching intention.","PeriodicalId":54086,"journal":{"name":"Gadjah Mada international journal of business","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2023-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46673906","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

Is Service with a Smile Enough to Satisfy Customers? Sincere and Insincere Smiles via Video and Vignette 微笑服务足以让顾客满意吗?真诚和不真诚的微笑通过视频和小插曲

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Gadjah Mada international journal of business Pub Date : 2023-05-02 DOI: 10.22146/gamaijb.46227

Resekiani Mas Bakar, Fitriani Ayu, Lukman Nadjamuddin

{"title":"Is Service with a Smile Enough to Satisfy Customers? Sincere and Insincere Smiles via Video and Vignette","authors":"Resekiani Mas Bakar, Fitriani Ayu, Lukman Nadjamuddin","doi":"10.22146/gamaijb.46227","DOIUrl":"https://doi.org/10.22146/gamaijb.46227","url":null,"abstract":"The current service trend does not merely involve face-to-face interactions, including smiling (high-contact-service) by service employees, but also using methods such as texting (low-contact service). Sincere and insincere smile studies have used a method involving dynamic (videos) and static stimuli (photographs). However, research into the different types of smiles is still limited to methods using a vignette. This study aims to examine the effect of the type of smile on customer satisfaction using a vignette and video. A total of 139 people participated in 2 (smile: sincere versus insincere) x 2 (media: vignette versus video) groups. The study found that there is an influence from the type of smile on customer satisfaction. A sincere smile using video produces greater customer satisfaction than using a vignette does, because the emotional contagion process through video is more real than it is through a vignette. The interesting finding from this study is that there is a gap in the insincere smile condition between using video and a vignette. The dissatisfaction of customers is greater when served with an insincere smile by text (vignette), compared with a face-to-face interaction by video. Video could only capture the muscle movement on a person’s cheeks (zygomaticus major), but it could not see the muscle wrinkles formed around the eyes (orbicularis oculi), compared to a vignette. This study implies that although the standard operational procedure (SOP) for service demands friendliness, a customer can feel whether a server’s smile is genuine or fake. The customer’s dissatisfaction toward an insincere smile will be higher with a low-contact service using text than a high-contact service with video.","PeriodicalId":54086,"journal":{"name":"Gadjah Mada international journal of business","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2023-05-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43967129","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 Information Sharing and Inventory Management Practices on Firms’ Performance in Supply Chain Practices 信息共享和库存管理实践对企业供应链实践绩效的影响

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Gadjah Mada international journal of business Pub Date : 2023-05-02 DOI: 10.22146/gamaijb.69616

D. Gebisa

{"title":"The Impact of Information Sharing and Inventory Management Practices on Firms’ Performance in Supply Chain Practices","authors":"D. Gebisa","doi":"10.22146/gamaijb.69616","DOIUrl":"https://doi.org/10.22146/gamaijb.69616","url":null,"abstract":"This study’s aim is to conduct an empirical investigation of the impact of supply chain practices on firm performance. The prime objective of the paper is to study the impact of information-sharing practices and inventory management on firm performance. To realize the specified objective of the study, data were gathered from 170 individuals who are familiar with the supply chain practices of the companies and analyzed using structural equation modeling (SEM). The result shows a significant direct and indirect effect of information sharing and inventory management practices on firm performance. Generally, the results show that higher information-sharing practices and better inventory management practices lead to greater firm performance; and higher information-sharing leads to improved inventory management, which in turn leads to greater firm performance. Theoretically, the result provides evidence of the effects of information sharing and inventory management on the supply chain practices’ performance in a firm. The managerial implications of the results are enhancing information sharing and inventory management practices by adopting, internalizing, and building information technology into all the business operations to enhance information sharing and inventory management practices to enhance firm performance.","PeriodicalId":54086,"journal":{"name":"Gadjah Mada international journal of business","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2023-05-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46557811","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

CEO Type and Earnings Management to Avoid Loss or Earnings Decreases: Evidence from South Korea CEO类型与盈余管理避免亏损或盈余减少：来自韩国的证据

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Gadjah Mada international journal of business Pub Date : 2023-05-02 DOI: 10.22146/gamaijb.72880

Kyunga Na, Yun-jeong Lee, Hagyeong Yu

引用次数: 0

Improving Entrepreneurial Satisfaction Through Creativity and Intellectual Agility-Resonance: Evidence from Indonesia 通过创造力和智力敏捷性提高企业家满意度——共振:来自印度尼西亚的证据

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Gadjah Mada international journal of business Pub Date : 2023-05-02 DOI: 10.22146/gamaijb.69387

Roymon Panjaitan, Echan Adam, Muhammad Hasan

引用次数: 0

The Gambler’s Fallacy, the Halo Effect, and the Familiarity Effect Based on Risk Profile: Bullish and Bearish Market in Indonesia Stock Exchange 基于风险特征的赌徒谬误、光环效应与熟悉效应:印尼证券交易所的牛市与熊市

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Gadjah Mada international journal of business Pub Date : 2023-05-02 DOI: 10.22146/gamaijb.64801

P. A. Mahadwartha, F. Ismiyanti, Zunairoh Zunairoh

引用次数: 0