• The Journal of Asian Finance, Economics and Business
• /
• 제9권10호
• /
• pp.39-48
• /
• 2022

This research aims to investigate the application of Keynes's theory in Indonesia, particularly in solving unemployment and poverty problems through government spending, economic growth, and human resource capacity. The basic concepts of the Keynesian theory were used as a method, through which government spending was harnessed toward economic growth in reducing unemployment and poverty rate. The analytical materials used were panel data for the 2017-2021 period in Central Java, Indonesia. The analytical methodology used was a multiple regression experimental design in selecting the best model according to Keynes's theory, especially for overcoming formidable problems. The main results showed that large Government spending program is ineffective in encouraging pro-growth, pro-job, pro-poor, and pro-equity development policy strategies. The causes of this failure include the violation of Keynes' assumptions about rationality and the low quality of education investment, which do not encourage productive and innovative entrepreneurship, as well as self-employment opportunities. As a result, government spending, including subsidies and direct financial assistance, used to implement the macroeconomic monetary, unstructured, and fiscal policy system is insufficient to significantly reduce the enormous difficulties. The main research results confirm that human capital capacity is the key to mitigating and reducing unemployment and poverty.

• The Journal of Asian Finance, Economics and Business
• /
• 제8권4호
• /
• pp.249-261
• /
• 2021

To tranquilize the devastating impact of unnecessary risk-taking behavior of banks towards the economy for maximizing their profits that usually arises due to widely known 'moral-hazard' problem originating from market competition and intensified by bank's limited liability, the banking system is strongly monitored across all countries of the world. The goal of controlling would become more feasible if there exist some self-discipline and motivations which could safeguard the banks' charter value through the mechanism of market discipline. Therefore, our study is aimed to scrutinize the relation between market discipline and charter value of local commercial banks that are registered on the Pakistan Stock Exchange by analyzing a balanced panel data from the year 2007 to 2019. Deposit growth, interbank deposits, and subordinate debt are taken as proxies to measure market discipline whereas Tobin's Q theory is applied for calculating the charter value. Generalized Least Square Regression with Fixed Effect Model is used for evaluation. The outcomes reveal that in the existence of control variables, all proxies of market discipline have a significant positive impact on bank charter value. Our research has important policy implications for monitoring and supervising financial intermediaries for their stability and soundness by offsetting the complications of moral-hazard in the financial systems.

• The Journal of Asian Finance, Economics and Business
• /
• 제8권8호
• /
• pp.57-66
• /
• 2021

The outbreak of the financial crisis, the lack of corporate governance practices in Iraqi companies, the high level of earnings management (EM), and weak firm performance (FP) have all encouraged the purpose of this study. This study proposes to achieve the following objectives: (I) to investigate the influence of governance mechanisms on the earnings management practices, (II) to investigate the consequence of EM on FP. The study sample includes 65 Iraqi firms listed on the Iraqi stock exchange for six years from 2012 to 2018, with 390 firm-year observations. The hypotheses were tested using panel data regression. According to the findings, Iraqi companies prefer to use real EM rather than accruals EM to avoid reporting losses. Discretionary cash flow, production costs, and cash flow from operation are examples of actual operations employed to undertake EM. Furthermore, according to the findings of this study, board meeting frequency and female onboard have a significant and negative influence on EM. Besides, the internal audit function was found not to affect EM. On the other hand, results revealed a significant and negative relationship between EM and FP. According to the study, management prefers to minimize cash and accrual expenditure during the economic downturn.

• The Journal of Asian Finance, Economics and Business
• /
• 제8권3호
• /
• pp.1101-1111
• /
• 2021

The current study aims to investigate the influence of different categories of ownership held by different types of board members on bank performance. The study uses a sample of Saudi listed banks for the period from 2011 to 2018. The results of the panel data analysis using firm fixed-effects regression model indicate that bank performance is significantly and positively affected by the chairman ownership and the CEO ownership. However, board independent members' ownership has a negative influence on bank performance. While non-executive board members' ownership and family board members have an insignificant impact on bank performance. Control variables, including board size, non-executive board members, government ownership, leverage, and bank size are significantly associated with bank performance. Overall, the results indicate that Saudi bank performance is higher in smaller banks that have smaller boards with lower non-executive members, lower portion of shares held by independent board members, higher portion of shares held by the chairman, CEO, and government, and higher leverage. The results of this study provide important implications for regulatory authorities and market participants in Saudi Arabia and countries with ownership concentration to understand the actual role of different categories of board ownership on firm performance in addition to optimize board ownership.

• The Journal of Asian Finance, Economics and Business
• /
• 제8권2호
• /
• pp.289-295
• /
• 2021

This study investigates the role of corporate governance in the dividend decision of 198 non-financial companies listed on the Colombo Stock Exchange of Sri Lanka, over the period from 2009 to 2016. Four corporate governance indicators are used in this study; managerial ownership, the board size, board independence, and CEO duality. Furthermore, this study considers three control variables such as profitability, firm size, and corporate tax. This study employed the Generalized Method of Moments (GMM) model to estimate the regression models on panel data study. The major contribution of this study is exploring the insight into the effect of corporate governance factors on dividend decisions. The results of the study revealed that managerial ownership showed a significant positive impact on the dividend payout ratio. Board size showed a significant positive influence on the dividend payout ratio. Board independence negatively but significantly influenced the dividend payout ratio. CEO duality showed an insignificant negative impact on the dividend payout ratio. In the framework of these CG indicators, Sri Lankan listed firms are recommended to have dispersed ownerships, large Board size and maintain a balance of power and authority by separating the individual who is assuming the position of the CEO from the Chairperson of the Board and maintain at least two independent directors.

• 보건행정학회지
• /
• 제32권2호
• /
• pp.180-189
• /
• 2022

Background: Social support contributes directly and indirectly to maintaining physical, mental, and social well-being. The aim of the study was to identify the impact of social support on self-rated health among Korean industrial accident workers. Methods: This study used data from the panel study of workers' compensation insurance (PSWCI). The final subjects were 2,759 workers who responded to a 2018 to 2020 PSWCI. Social support was defined as social contact with friends, neighbors, family, and social participation activities like religious activity, social activity, and club activity. Multivariate logistic regression analysis was performed to investigate causal relationships between social support and self-rated health using a generalized estimating equation model. Results: Proportion of workers' good self-rated health steadily increased (2018: n=1,447, 63.2%; 2019: n=1,542, 66.2%; 2020: n=1,653, 67.3%). Higher levels of social contacts with friend (worse: reference; same: β=0.442) and higher levels of social activity (yes: reference; no: β=-0.173) were especially associated with good self-rated health. Conclusion: This study confirmed social support positively influenced self-rated health among the self-rated health of industrial injured workers. The results of this study suggested that recovery policies that the government served should include programs enhancing social support for improving health among industrial injured workers.

• The Journal of Asian Finance, Economics and Business
• /
• 제10권2호
• /
• pp.333-341
• /
• 2023

This study investigates the impact of capital adequacy and operating efficiency on the performance of Saudi banks. In the first part, the study includes a brief introduction focused on the impact of capital adequacy and operating efficiency on the performance of banks. In the second part, a literature review examined various studies on the impact of capital adequacy and operating efficiency on banks' performance. The study methodology was presented in the third part, based on a sample that included all local Saudi banks from 2010 to 2021, using a study model to answer the study hypotheses. The results of the panel data regression indicated that CAR had a negative and significant effect on ROA and ROE but a negative and non-significant effect on NIM. CIR has a negative and significant effect on ROA, ROE, and NIM, while SIZE, LTD, and MS have a positive and significant effect on ROA, ROE, and NIM. Elimination of defects has no significant effect on return on assets, return on equity, and the NIF. But CR has no significant effect on ROA and ROE but has a positive and significant effect on NIM.

• The Journal of Asian Finance, Economics and Business
• /
• 제9권1호
• /
• pp.63-71
• /
• 2022

To investigate the short-run effects of social capital on migration decisions of individuals in the rural areas of Vietnam, we conducted dataset mining and performed regression model analysis in the form of panel data. As control variables, we employed the variable of social capital, which is measured by an individual's network, as well as demographic characteristics of individuals and households. We discovered that when a household is in financial distress, social networks such as linkages or asking for aid from others often enhance individual capacity. Individuals with a large social network outside of their immediate area are more inclined to relocate to the location where their connectors live. Individual participation and degree of participation in the organizational community, on the other hand, have little bearing on the likelihood of migration. In addition, this research examines theories and empirical research on the relationship between social capital and migration. Based on our research findings, we have recommended some measures to boost the efficiency of social capital and migration in rural areas of Vietnam through local government solutions.

• 노동경제논집
• /
• 제27권1호
• /
• pp.1-25
• /
• 2004

인적자원이 가장 중요한 경쟁력이 되는 지식정보화 산회에서 숙련의 주기는 짧으며, 노동력의 유동화는 심화되고 있어 자격의 신호기제로서의 역할이 크게 부각되고 있다. 이에 우리나라 자격의 기능을 취득요인, 취업 및 임금효과 측면에서 검토하기 위해 한국노동패널 1~4차년도(1998~2001) 자료를 개인별로 묶어 고정효과 로짓모형, 임의효과모형으로 회귀분석하였다. 추정의 결과 고졸 미만 저학력층의 자격취득 확률이 높게 나타났다. 남자는 실업상태에 있는 경우에 자격취득이 많았고, 여성은 비경제활동의 기타 상태(잠재적 구직상태)에 있는 경우 자격취득이 많았다. 자격의 취업효과는 여성의 경우 1년차, 2년차에 유의하게 나타나나, 남자의 경우는 유의하지 않았다. 취득한 자격의 임금효과는 남녀 공히 유의하지 않았다. 이러한 결과는 현재 우리나라에서 자격취득으로 얻어지는 직업능력이 시장에서 제대로 인정받고 있지 못하는 현실을 반영한다.

• 한국콘텐츠학회논문지
• /
• 제17권8호
• /
• pp.290-300
• /
• 2017

이 연구는 의료서비스를 이용함에 있어 서로 성격이 다른 사립병원과 국공립병원을 선택하는 결정 요인은 무엇인지를 분석하는 것을 목적으로 한다. Andersen의 행동모형 이론을 적용하여 욕구요인, 가능성 요인, 개인적 요인을 결정요인으로 하는 모형을 개발하였다. 분석 자료는 한국의료패널 2008년부터 2013년까지 6년 동안의 자료 데이터 중 입원서비스를 이용한 건수를 기준으로 하였고, 분석대상은 18세 이상자로 제한하였으며, 최종 분석에 사용한 입원의료이용 건수는 14,365건이다. 로지스틱 회귀분석 결과에 따르면, 국공립병원 선택요인은 대체로 Andersen의 행동모형이 잘 적용되는 것으로 나타났다. 특히, 사회경제적 약자들인 노인, 저소득층, 국가 유공자 및 의료급여자, 만성질환자, 장애가 있는 환자들은 사립병원보다는 국공립병원을 더 선택하였다. 따라서, 저소득 취약계층에 적정한 의료서비스를 제공하기 위해서는 국공립병원에서 제공하는 의료서비스의 강화가 필요하다는 정책적인 시사점을 발견하였다.