• Title/Summary/Keyword: higher education finance

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The Effect of Cultural Dimensions on Knowledge-Sharing Intentions: Evidence from Higher Education Institutions in Jordan

  • AL HAWAMDEH, Nayel;AL QATAMIN, Ali
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.5
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    • pp.1079-1089
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    • 2021
  • The current study aims to examine the effect of Hofstede's dimensions of culture on the intention of sharing knowledge in higher education institutions (HEIs) in Jordan. In the literature, researchers have given limited attention to such an effect. Therefore, by adopting Hofstede's framework, the current study attempts to investigate how Jordan's cultural context impacts on the intentions to share knowledge in HEIs. This study applied quantitative research methods to investigate the effect of Hofstede's cultural dimensions on knowledge-sharing intentions. In total, 307 questionnaires were collected from employees in Jordanian universities and, then, tested using descriptive and regression analytical methods. The study results show that culture dimensions influence knowledge-sharing intention and that each dimension plays a different role in enhancing this knowledge-sharing intention. More specifically, it was found that long-term orientation, collectivism and high uncertainty avoidance had a positive effect on knowledge-sharing intention, while cultural masculinity and power distance had no negative effect. Based on these results, the study makes several recommendations, the most important of which is the promotion of cultural values that encourage intention to share knowledge. Also, more qualitative research is needed to explore in depth the effective means that encourage intentions to share different types of knowledge.

The Impact of Strategic Planning Factors on Service Quality: An Empirical Study of Private Universities in Oman

  • AL-AZRI, Mahmood;AL-JUBARI, Ibrahim;ALBATTAT, Ahmad
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.7
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    • pp.557-569
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    • 2021
  • The study investigates the impact of strategic planning (SP) factors on service quality (SQ) in private universities (PUs) in Oman and how they fit together in the development of higher education institutions (HEIs). The reports of the Ministry of Higher Education (MoHE) in Oman revealed that the service quality in private universities is unsatisfactory. This study employs a quantitative method. Data were collected from a sample of 730 academics and administrators. Structural Equation Modeling (SEM) based on AMOS software was applied for data analysis. The results of the structural paths showed that, among the strategic planning factors, only environmental scanning and leadership had a direct significant impact on service quality. However, mission statement and participation had insignificant direct impact on service quality. The findings suggest that environmental scanning and leadership are critical factors in predicting service quality dimensions of private universities. The findings add to the body of knowledge particularly in the Omani context, which can be useful in the neighboring countries as well. The study combines two different popular models in addressing service quality. The study also clarified the importance of each factor of the strategic planning process, which give a comprehensive picture of the university.

Distribution of Skill and Encouraging Motivation to Enhance Resilience: Evidence from Accounting Personnel During COVID-19 Crisis

  • Yamuna Rani PALANIMALLY;Mohd Danial Afiq Khamar TAZILAH;Zam Zuriyati MOHAMAD;Meenah RAMASAMY;Mohamad Rohieszan RAMDAN;Dayang Rafidah SYARIFF M. FUAD;Noral Hidayah ALWI
    • Journal of Distribution Science
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    • v.22 no.2
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    • pp.41-50
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    • 2024
  • Purpose: This study aims to identify the distribution of skill evolution for accounting personnel during the health crisis and investigate the impact of accounting skills in developing resilience among accounting personnel. Research design, data, and methodology: A total of 131 respondents of accounting personnel participated in a self-administered survey questionnaire. This data is analysed using the partial least square structural equation modeling. Results: The results show that accounting skills, digital skills, and writing skills have a significant impact on developing accounting personnel's motivation, subsequently leading to resilience. Conclusions: This study adds to the literature on the new requirements and future profiles of Malaysian organisation and the accounting profession. This will be a good reference for the practitioners to identify the relevant skills required for accountants after the pandemic. Furthermore, this study includes encouraging motivation and skills to improve resilience in the Malaysian context further to understand the push factors on skills evolution among the accountants. Higher education institutions with accounting courses would consider the potential future skills of accountants to meet market demands on time when updating the institutions' curricula program. Hence, the relevant skills required can be developed and practiced at the education level, especially secondary and tertiary levels.

The Nexus Between Education and Structural Transformation: Evidence from Vietnam

  • TRUONG, Cong Bac;TRAN, Van
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.10
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    • pp.259-267
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    • 2021
  • Both structural transformation and education are the predominant subjects in the literature of development economics. This study examines the relationship between education before the tertiary level and the structural transformation of provinces by using Vietnam as a case study. In this study, education before the tertiary level would be disaggregated into three groups: primary, lower secondary, and upper secondary, then analyzed simultaneously on three-panel data models. Research data is taken from the statistical yearbook of provinces in Vietnam for 2015-2018. Research results show that education before the tertiary level plays a vital role in structural transformation. The enrolment rate of various education levels has a different influence on economic structure, and the lower secondary level has more significant effects than the upper secondary level. This reflects that participating in lower secondary is a fundamental requirement for taking some jobs in the non-agriculture sector, while upper secondary helps to upgrade the learner's abilities to respond to higher requirement jobs. The high rate of repeaters in upper secondary education will slow down the structural shift towards non-agriculture, and changing the traditional attitude about repeaters plays an essential role in improving this rate.

Human Capital, Income Inequality and Economic Variables: A Panel Data Estimation from a Region in Indonesia

  • SUHENDRA, Indra;ISTIKOMAH, Navik;GINANJAR, Rah Adi Fahmi;ANWAR, Cep Jandi
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.10
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    • pp.571-579
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    • 2020
  • This paper examines how human capital and other economic variables, such as private investment, economic growth, government investment, inflation, and unemployment influence inequality in Indonesia's provinces. We apply panel data model with fixed effect estimation for the data of 34 provinces from the period 2013 to 2019. We develop a new index for human capital using the education index approach. The results show that human capital has a negative and significant effect on income inequality. An increase in human capital is related to an increase in knowledge and competence due to the longer average school year and expectations of the school year. Human capital has increased the possibility of a person being accepted into the job market and earning a higher income; hence, it lowers income inequality. We also find that inflation leads to a higher gap of income distribution. A further implication of this situation is that the rise in inflation causes an increase in low-income people, and as a consequence, makes their lives worse off. This paper will be beneficial for policy-makers for whom human capital, which is measured using an education index, is an important factor that significantly affects income inequality, in addition to other economic factors.

The Role of Education in Young Household Income in Rural Vietnam

  • NGUYEN, Hai Dang;HO, Kim Huong;CAN, Thi Thu Huong
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.2
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    • pp.1237-1246
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    • 2021
  • The purpose of the research is to evaluate how education influences the income of household heads, who are young adult in rural Vietnam. In order to examine the impact of education on the households where their heads are young adults, in this paper, the authors employ two research methods. First, ordinary least squares (OLS) regression is used to study the impact of education on different groups of income; second, quantile regression is applied to find out how education influences the income of households. The dataset includes a survey of 800 young households aged between18 and 35 who are the head of agricultural farms in rural areas. The findings indicate that education has a positive impact on income of young households. Furthermore, the results prove that the longer schooling years, the higher income youth can attain. The results showed that, at the survey time (Sep 2019), the average monthly income of rural young adults who are joining the production process shows a big gap between low and high incomes. Moreover, the study has revealed that other factors positively affect the incomes, namely, joining job-related associations, land resource, hired labour, hi-tech application as well as extension of producing unit.

Development of Market Distribution through Digital Marketing Transformation Trends to Maximize Sales Turnover for Traditional Beverage Products

  • Basrowi;Pertiwi UTAMI
    • Journal of Distribution Science
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    • v.21 no.8
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    • pp.57-68
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    • 2023
  • Purpose: The research aims to investigate the development of market distribution through digital marketing transformation trends with the support of universities. This development strategy is to maximize sales turnover of limited liability companies' typical traditional beverage products. Research design, data, and methodology: The research design uses descriptive qualitative methods. Data were obtained by participatory observation, in-depth interviews, FGDs, and documentation. Results: The result shows that the partner's traditional product market distribution strategy has been carried out by adopting science and technology and expertise possessed by partner universities. Universities that are Partners have benefited from the implementation of the Independent Campus program. Conclusions: The conclusion from the findings is that business actors must collaborate with universities through the Kedaireka Matchmaking Fund Program. The collaboration will create the right strategy development for the business. The government needs to provide more access to finance in the future. The hope is that the traditional beverage industry and higher education can realize the ease of synergy contributing to national development and the vision of the Indonesian Ministry of Education and Culture's independent campus.

Most to Least Preferred Parameters Affecting the Quality of Education: Faculty Perspectives in India

  • Kumari, Neeraj
    • The Journal of Asian Finance, Economics and Business
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    • v.1 no.3
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    • pp.37-42
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    • 2014
  • The objective of the study is to find out the faculty members' perspective of most and least preferred parameters affecting the quality of education in an affiliated undergraduate engineering institution in Haryana, India. It is a descriptive research. The data has been collected with the help of Questionnaire Based Survey. The sample size for the study is 110. The respondents are the faculty members teaching B. Tech who were selected randomly from the above said geographical area. For data analysis and conclusion of the results of the survey, statistical tool like factor analysis was performed in SPSS. The most preferred aspects of the institution by the faculty members are: a secured Wi-Fi facility is well channelized to provide easy access, library is well equipped, faculty can visit the library with ease whenever they find time, toilets for the faculty are hygienic and in adequate number, parking facility for the faculty vehicle is spacious, adequate Industry Institute Interaction for the faculty development etc. The least preferred aspects of the institution by the faculty members are: faculty / staff rooms are spacious, well furnished and adequate in number, and working relationships between the Head of Departments and their faculty members are synchronized.

Instructors' Perceptions of Legislation of the Amendments of Higher Education Law and Direction for Revision -Focusing on the Instructors in the Fields of Humanities/Social Science/Education- (강사법 제정 및 개정 방향에 대한 강사들의 인식: 인문/사회/교육계열 강사들을 중심으로)

  • Kim, Jungsook
    • (The)Korea Educational Review
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    • v.22 no.1
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    • pp.25-51
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    • 2016
  • This study was designed to analyze instructors's perceptions on legislation of the amendments of the Higher Education Law in 2011 and discuss some issues related to direction for revision henceforth. This study explored two research questions. First, how do instructors perceive the legislation of the amendments of Higher Education Law? Second, how do they think the directions for the revision of the law? To complete this task, the author conducted in-depth interviews with 16 interviewees; 13 instructors and 3 specialists of the higher education. As a result of in-depth interviews, the author found that instructors perceive the law as condescending law or election-based law even though they recognize the significance of the law. They predict that the law can increase non-tenure track faculty members. In addition, they emphasize the law should be revised to improve the instructors' labor condition substantially, for instance increase of the teaching pay and employment stabilization. However, instructors' opinions on the law itself and its revision direction are divided according to their age and major. Based on the results of this study, I discussed some potential issues of the revision of the law and suggested improvement plans.

Modeling an Islamic Student Financing Securitization

  • BAKRI, Mohammed Hariri;ISMAIL, Shafinar;AL-SHAMI, Samer;ZAINAL, Nurazilah;RIDZUAN, Abdul Rahim
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.10
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    • pp.1047-1056
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    • 2020
  • The study investigates developing an Islamic student financing securitization model based on sukuk structures. This study employs sample of descriptive, analytical, and comparative analyses utilized to discuss a novel framework of Islamic securitization through the different structures of sukuk wakalah derived from asset securitization. The result served to investigate the use of Islamic student financing securitization in a Shariah-compliant manner, which would be implementable in Malaysia. It emphasized the sukuk structures based on the wakeel principle, which indicated a situation where a wakeel or representative appointment was made to manage a project on the behalf of the sukuk holder. The findings of this study supported the economic benefits obtained in the form of lower overall financing costs through the use of securitization for student financing in higher education. This paper offers important implications specifically for the creation of sukuk structures and issuing a highly graded and marketable sukuk, which are compliant towards global Shariah principles. The paper fills the gap perceived within the existing literature of Islamic finance by showing Islamic securitization via sukuk as a viable source of funds potential utilizable in stabilizing the securities market. It can also pose as a solution for securing a sustainable funding.