• Title/Summary/Keyword: political economics

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The Fraud Gone Model and Political Connection - Distribution Approach

  • Irmayanti SUDIRMAN;Hamida HASAN;Kartini;Syamsuddin;Nirwana
    • Journal of Distribution Science
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    • v.21 no.12
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    • pp.71-81
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    • 2023
  • Purpose: This research aims to analyze the influence of greed, opportunity, need, exposes on fraudulence financial reporting by using the distribution of political connections as a moderating variable. Research design, data, methodology: Using data collected from 180 respondents who were leaders involved in financial reports in state-owned companies and manufacturing companies in South Sulawesi, Indonesia. Data analysis using SEM PLS. Results: The results of this research show that greed, opportunity, need, exposes, political connections have a significant positive effect on fraudulence financial reporting. Political connection is able to moderate greed, need, exposes to fraudulence financial reporting. Furthermore, political connections are unable to moderate the opportunity for fraudulence financial reporting in company. Conclusion: Greed, opportunities, needs, exposes can influence someone to carry out financial fraud reporting in the company because of internal or external factors that cause someone to commit fraud. Every perpetrator of fraud should be subject to punishment or sanctions if proven to have committed fraud. Political connections can influence fraudulent financial reporting due to the potential for intervention and political pressure that can affect the integrity of financial reporting. Political connections are able to moderate greed, need, exposes against fraudulent financial reporting.

Political Connections and CSR Disclosures in Indonesia

  • SARASWATI, Erwin;SAGITAPUTRI, Ananda;RAHADIAN, Yan
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.11
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    • pp.1097-1104
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    • 2020
  • This research seeks to provide evidence about how political connections, proxied by government ownership and the existence of politically connected board members, affect the extent of corporate social responsibility (CSR) disclosures in Indonesian listed companies. This research uses the legitimacy theory as a basis for explaining management's motivation for disclosing its CSR. The sample consists of 131 firm-year observations from 38 non-financial public companies that published sustainability reports from 2013 to 2017. We measured the CSR disclosures using a disclosure checklist on the sustainability reports. We subsequently processed the data using a random effect (RE) linear regression. The result shows that CSR disclosures were greater in government-owned companies but lower in companies that have politically connected board members. The results support the legitimacy theory that the government intends to demonstrate legitimate national economic and political conditions by showing that government-owned companies are sustainable. However, CSR disclosures seem to have a substitutive relationship with the existence of politically connected board members, since those political connections may protect the company from public pressure and/or the risk of litigation, reducing the need for CSR disclosures. This research provides evidence that different types of political connections may have different impacts on corporate disclosures.

The Research Trends of the Korean Association for Political Economy After 2007 (2007년 이후 한국사회경제학회의 연구동향과 진로)

  • Park, Ji-Ung
    • 사회경제평론
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    • v.31 no.1
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    • pp.25-61
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    • 2018
  • Nowadays 87 regimes born in the same year with the Korean Association for Political Economy(KAPE in abbreviation) have ended historically. This paper surveys the research trends of KAPE after 2007 for the 30th founding anniversary. This survey is expected to help research way forward of KAPE. The main contents of the surveys are as follows. Global finance crisis caused by subprime mortgage crisis in 2007 expanded to global economic crisis resulting in the crisis of economics. KAPE criticized the mainstream economics with different approach and methodology as well as political economy copying with the crisis of economics and then focused on economics of inequality. However, the progressive economics is depressed under the conservative regime after 2007. As a result, the progressive economics have experienced the crisis of reproduction of knowledge and have become the peripheral science in Korea. With new regimes after 87 regimes, more important than restoration of the progressive economics is rebirth as the progressive economics corresponding to new regime and new era. This is responsibility of KAPE as the single association of the progressive economics in Korea.

Economic Development, Globalization, Political Risk and CO2 Emission: The Case of Vietnam

  • VU, Thi Van;HUANG, De Chun
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.21-31
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    • 2020
  • This study investigates the dynamic effects of economic development, international cooperation, electricity consumption, and political risk on the escalation of CO2 emission in Vietnam. We adopted autoregressive distributed lag model and Granger causality method to examine the interaction between CO2 and various economic and political factors, including foreign direct investment, trade openness, economic growth, manufacture, electricity consumption, and political risk in Vietnam since the economic revolution in 1986. The findings reflect opposite influence between these factors and the level of CO2 in the intermediate and long-term durations. Accordingly, foreign direct investment and CO2 emission have a bidirectional relationship, in which foreign direct investment accelerates short-term CO2 emission, but reduces it in the long run through an interactive mechanism. Moreover, economic development increases the volume of CO2 emission in both short and long run. There was also evidence that political risk has a negative effect on the environment. Overall, the findings confirm lasting negative environmental effects of economic growth, trade liberalization, and increased electricity consumption. These factors, with Granger causality, mutually affect the escalation of CO2 in Vietnam. In order to control the level of CO2, more efforts are required to improve administrative transparency, attract high-quality foreign investment, and decouple the environment from economic development.

A Study on the Characteristics of Clothing Behavior during the French Revolution (불란서 혁명기 의생활에 나타난 특성고찰)

  • 김인숙
    • Journal of the Korean Home Economics Association
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    • v.19 no.4
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    • pp.1-8
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    • 1981
  • French Revolution, while re-establishing the political and social structure, had also changed the cultural conditions of French life and manners. clothing, as with other features of daily life, had some characteristic changes, which this article tried to specify and related with the social conditions. Those specific changes pointed out as typical and discussed herewith are: 1. Clothing manipulated as a political identity kit. 2. Simplification of colors and forms of men's costume. 3. Tendency toward uniformity. 4. Clothing as the symbol of political utopia. 5. The attraction of military uniform. 6. Moral decadence.

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Economics of Antagonistic Conflict Between Political Forces in Korea: Expansion (한국의 정치세력 간 적대적 갈등의 경제학: 확장)

  • Lee, Jongmin
    • Asia-Pacific Journal of Business
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    • v.11 no.3
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    • pp.217-227
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    • 2020
  • Purpose - Against the backdrop of the recent intense political conflict in Korea's political circles, it is to reveal from an economic point of view the hidden aspects behind the hostile conflict between the two political forces. Design/methodology/approach - This paper is not a normative study to find a solution to political conflict, but a positive study to reveal the mechanism of reciprocity that exists between the two parties of conflict in real politics. Therefore, the analysis is based on game theory methodology. Findings - It is shown that the ruling party should choose a level of preemptive response that is neither insufficient nor excessive if it aims to avoid radical anti-government struggles by opposition parties. We also find that even if the chances of success of the opposition's radical offensive struggle are low, the use of that strategy is not necessarily reduced. In addition, we have obtained comparative static results that do not deviate much from our intuition. What's interesting is that unlike our intuition that the choice of the method will be indifferent if the marginal effects of radical and normal methods of struggle are the same, the opposition party rather chooses the normal method of struggle more often. Research implications or Originality - In forming the analytical model, it reflected the support of the general public following the opposition's struggle against the ruling party in order to capture real politics well in the conflict between the two opposing parties.

Impact of CO2 Emissions, Exchange Rate Regimes, and Political Stability on Currency Crises: Evidence from South Asian Countries

  • ULLLAH, Zia;FEN, Tan Xiao;TUNIO, Fayaz Hussain;ULLAH, Imran
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.2
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    • pp.29-36
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    • 2022
  • This study uses the panel probit model to investigate and evaluate the relationship between exchange rate regimes, political stability, and carbon dioxide during currency crises. To understand currency crisis times, we study a panel dataset of seven South Asian nations that contain annual observations from 1996 to 2020. Furthermore, we created the EMPI exchange market pressure indicator to detect crises. Our results strongly suggested that fixed exchange rate is negatively associated with currency crises, with good regulatory quality and better effective governments. Simultaneously, the floating exchange rate is positively related to the currency crises in those countries where the rule of law has less adequately flowed. However, CO2, exports, and interest rates are buoyantly associated with crises. The floating exchange rate, the rule of law, exports, and interest rate are associated positively and contribute more prone to the crisis episodes. Negatively associated variables contributed less amid crises episodes: fixed exchange rate regime, government effectiveness, and regulatory quality. Meanwhile, CO2 has a positive relationship with a currency crisis and contributes more likelihood to the probability of a currency crisis. Countries that adopted the fixed exchange rates with effective governments and regulatory quality faced more minor currency crises.

개도국의 기술개발 환경에 대한 국제 정치적 영향 요인 분석

  • 이태준;이광석
    • Journal of Technology Innovation
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    • v.10 no.2
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    • pp.131-148
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    • 2002
  • This paper explores how international political factors influence the role of conventional external factors in the course of technological learning. The research goes on to investigate whether the role of the techno-economic factors has changed due to the involvement of international political factors in the technological learning mechanism. To this end, this paper examines how US political intervention affected Korean technological learning in the back-end of the nuclear fuel cycle. The export policy, prior consent policy and international political influence of the US are employed as international political factors. The empirical findings show that international political factors are very likely to restrain the impact of the techno-economic factors on technological learning process. Accordingly, this paper hypothesizes that the role of techno-economic factors in the technological learning mechanism is weaker when international political intervention is involved.

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Retrospect and Prospect : 30 Years of the Korean Association for Political Economy from the Perspective of So-called 86 Generation (한국사회경제학회 30년의 회고와 전망: 이른바 86세대의 시각)

  • Rieu, Dong-Min
    • 사회경제평론
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    • v.31 no.2
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    • pp.127-141
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    • 2018
  • This article looks back on the past 30 years of the Korean Association for Political Economy from the perspective of so-called 86 generation. It is argued that KAPE should promote effective communication between radical economists and liberal economists who are critical of mainstream economics.