Zeitschriften und Ausgaben

Volumen 13 (2022): Heft 2 (December 2022)

Volumen 13 (2022): Heft 1 (July 2022)

Volumen 12 (2021): Heft 3 (December 2021)

Volumen 12 (2021): Heft 2 (August 2021)

Volumen 12 (2021): Heft 1 (April 2021)

Volumen 11 (2020): Heft 3 (December 2020)

Volumen 11 (2020): Heft 2 (August 2020)

Volumen 11 (2020): Heft 1 (April 2020)

Volumen 10 (2019): Heft 3 (December 2019)

Volumen 10 (2019): Heft 2 (August 2019)

Volumen 10 (2019): Heft 1 (April 2019)

Volumen 9 (2018): Heft 3 (December 2018)

Volumen 9 (2018): Heft 2 (August 2018)

Volumen 9 (2018): Heft 1 (May 2018)

Volumen 8 (2017): Heft 3 (December 2017)

Volumen 8 (2017): Heft 2 (August 2017)

Volumen 8 (2017): Heft 1 (April 2017)

Zeitschriftendaten
Format
Zeitschrift
eISSN
2067-9785
Erstveröffentlichung
06 Mar 2017
Erscheinungsweise
3 Hefte pro Jahr
Sprachen
Englisch

Suche

Volumen 11 (2020): Heft 3 (December 2020)

Zeitschriftendaten
Format
Zeitschrift
eISSN
2067-9785
Erstveröffentlichung
06 Mar 2017
Erscheinungsweise
3 Hefte pro Jahr
Sprachen
Englisch

Suche

8 Artikel
Uneingeschränkter Zugang

The Response of National and Local Portuguese Government Authorities to COVID-19

Online veröffentlicht: 12 Dec 2020
Seitenbereich: 1 - 10

Zusammenfassung

Abstract

COVID-19 has caused in Portugal an enormous economic, financial, and social challenge that must be answered by the national and local Portuguese government authorities. Several support measures have been launched to protect businesses, economic sustainability, and employment levels. At the national level, projects with greater economic emphasis are highlighted, which aim to support companies and their workers. The most noteworthy are measures relegated to simplified lay-off, social protection for individuals in isolation or with illness, and support for the payment of basic expenses such as electricity, water, and gas. Also, on this level, measures concerning teleworking and school at home through television have changed the daily lives of families. At the local level, there was a greater emphasis on the social dimension. The role played by local authorities and local councils in stimulating the local business community and supporting the creation of volunteer banks, the delivery of food and medicines, and the production of goods for individual protection was highlighted.

Schlüsselwörter

  • Covid-19
  • public administration
  • lay-off
  • teleworking
  • economic impact
  • social impact
Uneingeschränkter Zugang

Are Fiscal Deficits Really Inflationary? An Investigation Into Ethiopia’s Experience

Online veröffentlicht: 12 Dec 2020
Seitenbereich: 11 - 24

Zusammenfassung

Abstract

This study establishes long-run relations between budget deficits and inflation, while controlling for money supply owing to the justified links between deficits and money supply especially for developing countries. We employed time series data with temporal coverage of 1980-2018. Augmented Dickey Fuller has tested nonstationary for all series, but with all stationary at first difference. The Engle-Granger (1981) methodology for Cointegration tested long-run relation between budget deficits, money supply and inflation. Due to Laney and Willet (1983), the conventional least squares regression was adopted to estimate parameters of long-run equation. The results evidenced that fiscal deficits and money supply have been at the root of galloping inflation in Ethiopia. Besides, budget deficits have been the root cause of money supply growth in Ethiopia; while giving empirical support to the hypothesis that, governments of least developed countries resort to monetize large portion of their deficits. There is a need to reform the fiscal aspect of the government, if the mounting rate of deficits has to be lessened. Budgetary imbalances can be rectified through enhancement of domestic capital market and setting limits on central bank borrowing. Besides, it could be vital to expand the tax base as well as intensify efficiency of the existing tax system in the country.

Schlüsselwörter

  • Cointegration
  • Ethiopia
  • Fiscal Deficits
  • Inflation
  • Money Supply
  • Stationarity
Uneingeschränkter Zugang

Commercializing the Milkfish Hatchery-Bred Fry Industry in the Philippines: A Welfare Analysis

Online veröffentlicht: 12 Dec 2020
Seitenbereich: 25 - 45

Zusammenfassung

Abstract

This study aims to estimate the welfare gains of the Philippine milkfish industry in establishing local fry hatcheries to reduce imports from Indonesia and Taiwan. It also seeks to identify the industry stakeholders who gain from this import substitution endeavour. The economic surplus model was used to estimate the welfare gains from the commercialization of the hatchery-bred milkfish fry in the fishery sector. Specifically, the changes in consumer and/or producer surplus per stakeholder were compared to determine who the biggest gainers are. Results of the study showed that the consumer surplus from the milkfish fry industry was larger than its producer surplus. On the other hand, the reverse was true for the grow-out industry. It is interesting to note that the consumers in the fry industry and the producer in the grow-out industry were the same set of stakeholders, i.e., the milkfish grow-out operators, who gained the most from this development. The study also showed that commercializing the local milkfish hatchery technologies can bring about more benefits to the country than importing fry and fingerlings. Hence, the development of local hatcheries for other aquaculture species can be expected to bring similar welfare gains. More importantly, the technical and financial assistance that were extended by the government’s fishery institutions through the GAINEX project as pioneered by DOST-PCAARRD can serve as an effective catalyst to prospective hatchery operators in reducing the risks, especially when setting-up a new enterprise like the hatchery-bred fry for an emerging aquaculture species in the country.

Schlüsselwörter

  • Commercialization
  • import substitution
  • welfare gain
  • consumer surplus
  • producer surplus
  • milkfish
  • hatchery technology
  • hatchery-bred fry
Uneingeschränkter Zugang

Reverse and Green Logistics Cost Simulation Using Analytical Hierarchy Process

Online veröffentlicht: 12 Dec 2020
Seitenbereich: 46 - 58

Zusammenfassung

Abstract

The research aims to measure the effectiveness of the strategies of modern retailers which implementing reverse logistics activities, and to be believe that it could increase not only business competition, but also consumer satisfaction. The object of research is 20 modern retailers ranging from convenience stores to hypermarket stores. The methodology implemented in the form of setting parameters and assessment criteria which are arranged in the form of priority scale and analyzed using the Analytical Hierarchy Process or AHP method. The respondents are the decision makers in terms of product delivery, logistics, distribution and warehouse including making purchases both directly and indirectly. Sub parameters and sub criteria that are arranged then reevaluated using the ExpertChoice instrument to see the resulting scale consistency. Broadly speaking, the highest priority scale was 0.441 for the criteria for agility, 0.428 for the efficiency criteria, 0.318 for the stakeholder criteria, 0.271 for the process criteria and 0.146 for the environment criteria. The result of simulation cost is less than 8 percent of the profit margin per product returned.

Schlüsselwörter

  • Reverse Logistics
  • Logistics Cost
  • Logistics Criterion
Uneingeschränkter Zugang

The Influence of B2B Relationship Quality on Opportunism and Firm Performance

Online veröffentlicht: 12 Dec 2020
Seitenbereich: 59 - 87

Zusammenfassung

Abstract

The primary objective of the research is to determine the influences of B2B relationship quality and opportunism on firm performance. This study takes a general perspective of business organisations by examining the hypothesised relationships in the context of B2B’s in the industrial business environment. The research employs a cross-sectional design whereby quantitative data is collected by means of an online survey. Using non-probability, judgmental and snowball sampling technique, a sample size of 98 employees from the industrial business environment within Malaysia was collected. The gathered data was analysed using statistical software Smart -PLS. The research yields several interesting findings on the association between B2B relationship quality and firm performance in the industrial business environment within Malaysia. Findings also unfolded that the quality of a relationship between businesses is able to influence firm performance and opportunism. Opportunism on the other hand was not found to have any influence on Firm Performance. The results of the study implied that the quality of the relationship between businesses that is built upon trust, commitment, satisfaction and information sharing are important in business relationships. A high-quality relationship that is shared among suppliers and customers is able to predict better firm performance and inhibit the negative effect of opportunism.

Schlüsselwörter

  • B2B Relationship quality
  • Firm Performance
  • Opportunism
  • Trust
  • Commitment
  • Satisfaction
  • Information Sharing
Uneingeschränkter Zugang

Analysis of Factors Affecting Frontliner Employee Engagement in Bandung City

Online veröffentlicht: 12 Dec 2020
Seitenbereich: 88 - 101

Zusammenfassung

Abstract

Employees who have a high level of engagement can be a solution to performance problems, because they feel tied to the organization and work enthusiastically. The study aims to determine the condition of engagement and analyse the factors that can affect the level of engagement of employees of bank front lines in the city of Bandung. The method used in this research is descriptive method by applying exploratory factor analysis to 42 factors that influence employee engagement. The results of the study found that the 42 factors were quite influential in increasing the engagement of Bank front liner employees in the city of Bandung. And 5 new factors are formed which consist of: Individual Factors Facility Factors; Motivation Factors; and Career Factors.

Schlüsselwörter

  • Employee
  • Engagement
  • Factors
  • Bank
Uneingeschränkter Zugang

Effects of Organizational–Professional Conflict and Auditor Burnout on Dysfunctional Audit Behaviour

Online veröffentlicht: 12 Dec 2020
Seitenbereich: 102 - 119

Zusammenfassung

Abstract

Auditors are expected to provide a good quality in auditing performance. However, in practice, some conditions may impair the auditors’ professional behaviour. The conflict between professional and organizational values that may occur during the auditing process may become a dilemma for the auditor as a professional. This condition eventually can make the auditor to have a dysfunctional behaviour in performing audit. Some studies showed that the phenomenon of dysfunctional audit behaviour is also correlated to the job burnout the auditor experiences in performing the audit fieldwork. This study, in turn, examined the effects of organizational – professional conflict (OPC) and auditor burnout on dysfunctional audit behaviour. It was hypothesized that both OPC and auditor burnout have the positive effects on dysfunctional audit behaviour. Data collection in this study was performed by distributing the questionnaires through the survey method sent to the respondents, i.e. 79 auditors working in public accounting firm using the convenience sampling technique. The results of this study indicated that job burnout, as hypothesized, had positive effect on dysfunctional audit behaviour; while the OPC had no effect on dysfunctional audit behaviour.

Schlüsselwörter

  • Organizational – Professional Conflict
  • Auditor Burnout
  • Dysfunctional Audit Behaviour
Uneingeschränkter Zugang

Valuation of Start-Up Company Using Real and Financial Assets Rate of Return

Online veröffentlicht: 12 Dec 2020
Seitenbereich: 120 - 132

Zusammenfassung

Abstract

The objective of this research is to analyse and describe the valuation of start-up company using the Discounted Cash Flow Analysis. There are several combination of discount rates, including combination of beta, risk free rate and market return. There are several market returns applied in the calculation of the discount rate, such as gold price, crude oil, property price index and IDX composite. The object of research is PT. XYZ, which is a start-up company engaged in the field of software (System & Mobile Application). The results showed that PT. XYZ is a start-up that has a systematic risk (Beta) of 5.1 point, which is lower than the average beta of hi-tech start-up companies. The fair value of PT. XYZ is Rp 3,729,416,128,911. Using a confidence level of 95%, the deviation of company’s value is between Rp102,726,286,407 and Rp7,356,105,971,415. It is concluded that valuing the start-up using real and financial asset return as a benchmark will provide high fair value. The reason is the return in those assets are lower because of lower risk. The lower rate of return will make the value of the start-up company higher. Therefore, investors will request the start-up company to provide higher value.

Schlüsselwörter

  • Discounted Cash Flow
  • Market Return
  • Systematic Risk
8 Artikel
Uneingeschränkter Zugang

The Response of National and Local Portuguese Government Authorities to COVID-19

Online veröffentlicht: 12 Dec 2020
Seitenbereich: 1 - 10

Zusammenfassung

Abstract

COVID-19 has caused in Portugal an enormous economic, financial, and social challenge that must be answered by the national and local Portuguese government authorities. Several support measures have been launched to protect businesses, economic sustainability, and employment levels. At the national level, projects with greater economic emphasis are highlighted, which aim to support companies and their workers. The most noteworthy are measures relegated to simplified lay-off, social protection for individuals in isolation or with illness, and support for the payment of basic expenses such as electricity, water, and gas. Also, on this level, measures concerning teleworking and school at home through television have changed the daily lives of families. At the local level, there was a greater emphasis on the social dimension. The role played by local authorities and local councils in stimulating the local business community and supporting the creation of volunteer banks, the delivery of food and medicines, and the production of goods for individual protection was highlighted.

Schlüsselwörter

  • Covid-19
  • public administration
  • lay-off
  • teleworking
  • economic impact
  • social impact
Uneingeschränkter Zugang

Are Fiscal Deficits Really Inflationary? An Investigation Into Ethiopia’s Experience

Online veröffentlicht: 12 Dec 2020
Seitenbereich: 11 - 24

Zusammenfassung

Abstract

This study establishes long-run relations between budget deficits and inflation, while controlling for money supply owing to the justified links between deficits and money supply especially for developing countries. We employed time series data with temporal coverage of 1980-2018. Augmented Dickey Fuller has tested nonstationary for all series, but with all stationary at first difference. The Engle-Granger (1981) methodology for Cointegration tested long-run relation between budget deficits, money supply and inflation. Due to Laney and Willet (1983), the conventional least squares regression was adopted to estimate parameters of long-run equation. The results evidenced that fiscal deficits and money supply have been at the root of galloping inflation in Ethiopia. Besides, budget deficits have been the root cause of money supply growth in Ethiopia; while giving empirical support to the hypothesis that, governments of least developed countries resort to monetize large portion of their deficits. There is a need to reform the fiscal aspect of the government, if the mounting rate of deficits has to be lessened. Budgetary imbalances can be rectified through enhancement of domestic capital market and setting limits on central bank borrowing. Besides, it could be vital to expand the tax base as well as intensify efficiency of the existing tax system in the country.

Schlüsselwörter

  • Cointegration
  • Ethiopia
  • Fiscal Deficits
  • Inflation
  • Money Supply
  • Stationarity
Uneingeschränkter Zugang

Commercializing the Milkfish Hatchery-Bred Fry Industry in the Philippines: A Welfare Analysis

Online veröffentlicht: 12 Dec 2020
Seitenbereich: 25 - 45

Zusammenfassung

Abstract

This study aims to estimate the welfare gains of the Philippine milkfish industry in establishing local fry hatcheries to reduce imports from Indonesia and Taiwan. It also seeks to identify the industry stakeholders who gain from this import substitution endeavour. The economic surplus model was used to estimate the welfare gains from the commercialization of the hatchery-bred milkfish fry in the fishery sector. Specifically, the changes in consumer and/or producer surplus per stakeholder were compared to determine who the biggest gainers are. Results of the study showed that the consumer surplus from the milkfish fry industry was larger than its producer surplus. On the other hand, the reverse was true for the grow-out industry. It is interesting to note that the consumers in the fry industry and the producer in the grow-out industry were the same set of stakeholders, i.e., the milkfish grow-out operators, who gained the most from this development. The study also showed that commercializing the local milkfish hatchery technologies can bring about more benefits to the country than importing fry and fingerlings. Hence, the development of local hatcheries for other aquaculture species can be expected to bring similar welfare gains. More importantly, the technical and financial assistance that were extended by the government’s fishery institutions through the GAINEX project as pioneered by DOST-PCAARRD can serve as an effective catalyst to prospective hatchery operators in reducing the risks, especially when setting-up a new enterprise like the hatchery-bred fry for an emerging aquaculture species in the country.

Schlüsselwörter

  • Commercialization
  • import substitution
  • welfare gain
  • consumer surplus
  • producer surplus
  • milkfish
  • hatchery technology
  • hatchery-bred fry
Uneingeschränkter Zugang

Reverse and Green Logistics Cost Simulation Using Analytical Hierarchy Process

Online veröffentlicht: 12 Dec 2020
Seitenbereich: 46 - 58

Zusammenfassung

Abstract

The research aims to measure the effectiveness of the strategies of modern retailers which implementing reverse logistics activities, and to be believe that it could increase not only business competition, but also consumer satisfaction. The object of research is 20 modern retailers ranging from convenience stores to hypermarket stores. The methodology implemented in the form of setting parameters and assessment criteria which are arranged in the form of priority scale and analyzed using the Analytical Hierarchy Process or AHP method. The respondents are the decision makers in terms of product delivery, logistics, distribution and warehouse including making purchases both directly and indirectly. Sub parameters and sub criteria that are arranged then reevaluated using the ExpertChoice instrument to see the resulting scale consistency. Broadly speaking, the highest priority scale was 0.441 for the criteria for agility, 0.428 for the efficiency criteria, 0.318 for the stakeholder criteria, 0.271 for the process criteria and 0.146 for the environment criteria. The result of simulation cost is less than 8 percent of the profit margin per product returned.

Schlüsselwörter

  • Reverse Logistics
  • Logistics Cost
  • Logistics Criterion
Uneingeschränkter Zugang

The Influence of B2B Relationship Quality on Opportunism and Firm Performance

Online veröffentlicht: 12 Dec 2020
Seitenbereich: 59 - 87

Zusammenfassung

Abstract

The primary objective of the research is to determine the influences of B2B relationship quality and opportunism on firm performance. This study takes a general perspective of business organisations by examining the hypothesised relationships in the context of B2B’s in the industrial business environment. The research employs a cross-sectional design whereby quantitative data is collected by means of an online survey. Using non-probability, judgmental and snowball sampling technique, a sample size of 98 employees from the industrial business environment within Malaysia was collected. The gathered data was analysed using statistical software Smart -PLS. The research yields several interesting findings on the association between B2B relationship quality and firm performance in the industrial business environment within Malaysia. Findings also unfolded that the quality of a relationship between businesses is able to influence firm performance and opportunism. Opportunism on the other hand was not found to have any influence on Firm Performance. The results of the study implied that the quality of the relationship between businesses that is built upon trust, commitment, satisfaction and information sharing are important in business relationships. A high-quality relationship that is shared among suppliers and customers is able to predict better firm performance and inhibit the negative effect of opportunism.

Schlüsselwörter

  • B2B Relationship quality
  • Firm Performance
  • Opportunism
  • Trust
  • Commitment
  • Satisfaction
  • Information Sharing
Uneingeschränkter Zugang

Analysis of Factors Affecting Frontliner Employee Engagement in Bandung City

Online veröffentlicht: 12 Dec 2020
Seitenbereich: 88 - 101

Zusammenfassung

Abstract

Employees who have a high level of engagement can be a solution to performance problems, because they feel tied to the organization and work enthusiastically. The study aims to determine the condition of engagement and analyse the factors that can affect the level of engagement of employees of bank front lines in the city of Bandung. The method used in this research is descriptive method by applying exploratory factor analysis to 42 factors that influence employee engagement. The results of the study found that the 42 factors were quite influential in increasing the engagement of Bank front liner employees in the city of Bandung. And 5 new factors are formed which consist of: Individual Factors Facility Factors; Motivation Factors; and Career Factors.

Schlüsselwörter

  • Employee
  • Engagement
  • Factors
  • Bank
Uneingeschränkter Zugang

Effects of Organizational–Professional Conflict and Auditor Burnout on Dysfunctional Audit Behaviour

Online veröffentlicht: 12 Dec 2020
Seitenbereich: 102 - 119

Zusammenfassung

Abstract

Auditors are expected to provide a good quality in auditing performance. However, in practice, some conditions may impair the auditors’ professional behaviour. The conflict between professional and organizational values that may occur during the auditing process may become a dilemma for the auditor as a professional. This condition eventually can make the auditor to have a dysfunctional behaviour in performing audit. Some studies showed that the phenomenon of dysfunctional audit behaviour is also correlated to the job burnout the auditor experiences in performing the audit fieldwork. This study, in turn, examined the effects of organizational – professional conflict (OPC) and auditor burnout on dysfunctional audit behaviour. It was hypothesized that both OPC and auditor burnout have the positive effects on dysfunctional audit behaviour. Data collection in this study was performed by distributing the questionnaires through the survey method sent to the respondents, i.e. 79 auditors working in public accounting firm using the convenience sampling technique. The results of this study indicated that job burnout, as hypothesized, had positive effect on dysfunctional audit behaviour; while the OPC had no effect on dysfunctional audit behaviour.

Schlüsselwörter

  • Organizational – Professional Conflict
  • Auditor Burnout
  • Dysfunctional Audit Behaviour
Uneingeschränkter Zugang

Valuation of Start-Up Company Using Real and Financial Assets Rate of Return

Online veröffentlicht: 12 Dec 2020
Seitenbereich: 120 - 132

Zusammenfassung

Abstract

The objective of this research is to analyse and describe the valuation of start-up company using the Discounted Cash Flow Analysis. There are several combination of discount rates, including combination of beta, risk free rate and market return. There are several market returns applied in the calculation of the discount rate, such as gold price, crude oil, property price index and IDX composite. The object of research is PT. XYZ, which is a start-up company engaged in the field of software (System & Mobile Application). The results showed that PT. XYZ is a start-up that has a systematic risk (Beta) of 5.1 point, which is lower than the average beta of hi-tech start-up companies. The fair value of PT. XYZ is Rp 3,729,416,128,911. Using a confidence level of 95%, the deviation of company’s value is between Rp102,726,286,407 and Rp7,356,105,971,415. It is concluded that valuing the start-up using real and financial asset return as a benchmark will provide high fair value. The reason is the return in those assets are lower because of lower risk. The lower rate of return will make the value of the start-up company higher. Therefore, investors will request the start-up company to provide higher value.

Schlüsselwörter

  • Discounted Cash Flow
  • Market Return
  • Systematic Risk

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