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ISSN: 2146-4138    frecuency : 4   format : Electrónica

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Volume 7 Number 5 Year 2017

65 articles in this issue 

Waspodo Tjipto Subroto,Yatim Riyanto,Maria Veronika Roesminingsih,Wahyu Sukartiningsih

This article is a research study on people given by 480 respondents from the society of East Java, to describe show perception of society about populist economic policy. This study investigates the perception of society toward the role of populist economi... see more

Pags. 1 - 5  

Alexander Maune

The study examined the impact of sound corporate governance on economic growth in an emerging market, Zimbabwe, using an econometric model. A multiple linear regression analysis was employed to examine the relationship. Secondary data for the period from ... see more

Pags. 6 - 13  

Aan Jaelani

This study of fiscal policy in State Budget (APBN) 2017 that the task of the Indonesian government to run them to create prosperity for the community. The state budget is prepared using the rules of public economics consisting of state revenues, state exp... see more

Pags. 14 - 24  

Yakova D. Martina

The survey analyzes the type of tax structure and the link with economic growth. The tax revenue types of Bulgaria, Denmark and France were investigated under a different tax structure. The survey covers countries with different tax structures, incl. Inco... see more

Pags. 25 - 32  

Songul Cinaroglu

Strategies to combat with poverty are at the top of the agenda of Turkish health reform process. Health reform completed more than a decade and improvements in insurance coverage, incorporating green card scheme into the system are major parts of these re... see more

Pags. 33 - 40  

Sima Siami-Namini

The purpose of this article is to explore the causal relationship between GDP and economic sectors including agricultural, industrial, and services growth and oil price using a balanced panel data of 62 developing countries observed over the period of 199... see more

Pags. 53 - 58  

Adam Abdullah,Rusni Hassan,Salina Kassim

The purpose of this research is to develop an Islamic wealth management investment appraisal of the performance of tankers as a primary segment within international shipping and an important component of the oil and energy markets. Shipping is a strong gr... see more

Pags. 59 - 70  

Dear Mahnaz Rahmat,Khalil Saeidi

The most important and significant way of creating employment and reducing the unemployment rate is through government policies, dependent on government development expenditures and the government are trying not only to provide the growth and development ... see more

Pags. 71 - 77  

Mahmoud Atallah Al-Neimat,Talib Mohammad Musa Warred

The objective of this study is to analyze the impact of foreign banks entry on the accounting Profits of the Jordanian commercial banks. Study sample included (18) banks and covering the period (1995-2015).The data was obtained from the bank’s annual fina... see more

Pags. 78 - 85  

Reza Jamei

The aim of this study is to investigate the relationship between some mechanisms of corporate governance and intellectual capital in companies listed on the Tehran Stock Exchange during the years 2011-2015. The effects of some corporate governance indices... see more

Pags. 86 - 92  

Ngo Quang-Thanh

The paper explores the impact of good governance’s disaggregated components on human development in Vietnam by building a system of spatial equations and using a unique cross-province dataset. It finds that institutions prove to be a spatial phenomenon in... see more

Pags. 93 - 111  

Hale Akbulut,Ahmet Burcin Yereli

This study aims to investigate the relationship between indirect taxation and foreign direct investments in Turkey. We benefit from a quarterly data set covering the period 2006:Q1-2016:Q1 and employ bounds testing approach of Pesaran et al. (2001). We al... see more

Pags. 112 - 118  

Muhammad Ishfaq,Zhang Bi Qiong,Syed Mehmood Raza Shah

This paper examines the impact of the US and Chinese macro economic announcements on foreign exchange implied volatilities of SPX, VXFXI, BPVIX, JYVIX, and EUVIX from 2011 to 2016. The study indicates that implied volatility becomes significant and leads ... see more

Pags. 119 - 127  

Seyed Kazem Ebrahimi,Ali Bahraminasab,Maryam Yousefi Fard

Choosing efficient and appropriate approaches to assess bank’s financial performance is one of the most important issues having attracted bank analysts and researchers’ attention in recent decades. CAMEL is one of the important approaches proposed to surv... see more

Pags. 128 - 136  

Amidu P. Mansaray,Liu Yuanyuan,Sesay Brima

In recent years, firms have been pressured by community stake holders to engage in Corporate Social Responsibility (CSR). Many firms have responded to these pressures by implementing CSR activities in their operations, while others have opposed. Firms tha... see more

Pags. 137 - 146  

Mohammad Delkhosh,Esmat Zade Abdollah

The present study aims to evaluate the relationship between asset growth in prediction of the rank of liquidity of the stock of companies listed on Tehran Stock Exchange (TSE). Due to various criteria of assets growth, in this study, Cooper et al. (2008),... see more

Pags. 147 - 154  

Grigoris Giannarakis,Christos Lemonakis,Asterios Sormas,Christos Georganakis

The predictability of stock returns by investors has been a crucial issue updating over the time. The aim of this study is to investigate the effect of economic leading indicator of Baltic Dry Index (BDI) on stock returns of socially responsible stock ind... see more

Pags. 155 - 160  

Yadollah Tariverdi,Mokhtar Keivanfar

Today, any research about the influence of accounting information in great range of stock holder decisions makers in companies leads to the better understanding of the method and role of information and its better disclosure. Current work was conducted ai... see more

Pags. 161 - 168  

Zahra Naoar Masih

Identifying the proper links toward stimulating economic growth has been a debate among economists for years. To analyse potential variables, this paper utilizes the Granger Causality Test between economic growth and defense spending. Unlike previous stud... see more

Pags. 169 - 177  

Nasrin Sedighi Rad,Sayed Mir Bakhsh Kamrani Mosavi

Scandal and downfall news of financial corporations and big institutes such as; Aron, Arthur Anderson, and Verledkam in the beginning of the 21th century indicate unmoral and irresponsible commercial policies observations in term of social dimension. More... see more

Pags. 178 - 182  

Supramono Supramono,Widhiastuti Wilis,I. Utami

This event study investigates the Indonesian capital market reaction to the announcement of cabinet reshuffle as a major political event in Indonesia. We also detect the possibility of size effect anomaly related to this political event. Consequently, we ... see more

Pags. 183 - 188  

Musdalifah Azis,Maryam Nadir,dan Ike Purnamasari

The achievement of optimize mutual funds portfolio can increase financial performance banking be better and so their relations between mutual funds manager. Data is collected from the stock share portfolio report that are presented on record the balance o... see more

Pags. 189 - 197  

Tariq A.H. Al-Zuhd,Mohammad H. Saleh

In the this paper, we analyze the causality between inflation and inflation uncertainty in Kuwait . The monthly Consumer Price Index (CPI) during the period from January 1992 to September 2016 has been used to measure inflation. The inflation uncertainty ... see more

Pags. 198 - 203  

Pei-shan Lu,Weiju Young,Meng Sung Hsieh

This study considers overinvestment and financial constraints as factors that associate with managerial incentives of firms conducting seasoned equity offerings (SEOs). The results show that pre-issue overinvestment and financial slack are negatively rela... see more

Pags. 216 - 224  

Jamal Barzegari Khanagha,Tahere Parvare

Regarding the expansion of economic activities, today,development of financial markets and stimulation of investment in capital markets, especially in Stock Exchange by natural and legal persons,are the most important tools to make the right decisions and... see more

Pags. 225 - 232  

Kanwal Shaheen,Khalid Zaman,Hifza Mushtaq,Qurat Ul Ain,Asma Naz,Anam Bibi,Iram Akhter,Nadia Bibi,Rizwana Kousar

Terrorism is one of the biggest threats for the developed and developing countries that required unified policies to combat with this evil, however, before devising any sustained policies, it is imperative to lookup for country’s socio-economic issues tha... see more

Pags. 233 - 244  

Parvin Moradi Dehcheraghi,Farshid Kheirollahi

Currently firms’ liquidity status is in undesirable condition and due to inflation conditions governing the country, most of Iranian firms prefer to convert the cash fund into other assets and this cause that the firms fail meet debts deadlines and this d... see more

Pags. 245 - 251  

Hendrik Suhendri,Iwan Triyuwono,Aji Dedi Mulawarman,Zaki Baridwan

Micro Business becomes one of the backbone of the Indonesia national economy.  Besides to most of the workforce has been absorbed by this sector. In the midst of the instability of the price of basic commodities, fuel, and the application of a one pe... see more

Pags. 252 - 258  

Sima Siami-Namini

The aim of this article is to provide a brief overview of the increasing importance of China’s economy around the world economy, and to discuss the impacts of the global financial crisis on China's economy. While China's economic growth remained well abov... see more

Pags. 259 - 265  

Wei-Wen Wu,Jian-Fa Li,Cheng-Yih Hong

Banks face severe challenges pertaining to their operations owing to changes in the financial environment. Identifying methods for reducing mortgage defaults and lowering the ratio of nonperforming loans is crucial. Mortgage defaults occur because of comp... see more

Pags. 266 - 273  

Morteza Ezzati

This study aimed to estimate the effect of corruption on the economic growth within the framework of endogenous growth model using the occurred economic corruption perceptions index based on the Iranian laws along with the corruption control index and the... see more

Pags. 274 - 281  

Asem Tahtamouni,Fouzan Al Qaisi,Usama Adnan Fendi

Because oil is one of the most important commodities, its price impacts the economy as a whole. The oil price has dropped significantly during last years due to the growing gap between demand and supply. Jordanis a small country with a small market busine... see more

Pags. 282 - 289  

Bassey Okon Ebi,Peter Samuel Ubi

In recognition of importance of access to education, national leaders and international development agencies met in 1990 in Jomtien Thailand and committed themselves to universalizing access to primary schooling by 2000. Recognizing that the success of th... see more

Pags. 290 - 298  

I. Made Suidarma,Yulia Indrawati,I. Gusti Nengah Darma Diatmika,I. Nyoman Anggaradana

The objective of this research is to analyze the indicators that cause vulnerability to financial system stability in Indonesia. The data used in this research is secondary data monthly with a range of 2006.1 to 2015.6. The method were used in this study ... see more

Pags. 299 - 306  

Vasile Bratian,Claudiu Opreana,Amelia Bucur

The paper presents, theoretically and practically, the evaluation of the stock quote using the stochastic technique, market efficiency and the technical analysis, and the object of the study is the stock quote of Electrica SA, listed on the Bucharest Stoc... see more

Pags. 307 - 316  

Rafia Afroz

In Malaysia, the contribution of agriculture has been declining at 8.9% in 2000 and 8.2% in 2005. Because the climate is changing and farmers have to confront a number of barriers to adaptation to climate change. Primary data are received from the survey ... see more

Pags. 317 - 330  

Adnan A. Saed,Walid Al-Shawaqfeh

In this article, we attempt to examine the stability of real money demand function for the narrow and broad money (RM1, RM2) for the period 1995: Q1-2016: Q4 in Jordan using the autoregressive distributed lag (ARDL) cointegration framework. Besides the st... see more

Pags. 331 - 337  

Nasim Masoudi,Nazar Dahmarde,Marziye Esfandiyari

Globalization is a social process in which geographic constraints on social and cultural relations disappear and people are increasingly aware of reduction in them. In this regard, two hypotheses are presented: efficiency hypothesis argues that globalizat... see more

Pags. 338 - 344  

Yassaman Khalili,Hossein Fakhari,Esfandiar Malekian,Hassanali Aghajani

The aim of this research is identifying the effective factors on the intellectual capital reporting in the universities of Iran. In this research, first of all by investigating the research literature and the reports of intellectual capital of universitie... see more

Pags. 345 - 350  

Ignatia Martha Hendrati,K. W. Nuruni Ika,P. Hery Pudjo,Sishadiyati Sishadiyati

Food sufficiency is a basic human need so that food availability for the people must always be guaranteed at an affordable price. The increasing public demand has led the price to increase as a result of demand pull inflation. The growing population and e... see more

Pags. 351 - 358  

Yaqoob Ahmad,Guangguo Sun,Waqas Bin Khidmat

This study is an attempt to investigate the fund-specific determinants of performance of conventional and Islamic mutual funds in Pakistan. For this purpose, Sharpe Ratio, Sortino Ratio, Information Ratio and Jensen Alpha are used as proxies of funds’ per... see more

Pags. 359 - 370  

Kang-Sik Kim

Internationalization provides SMEs with many strategic benefits. However, for many SMEs it is not easy to carry out internationalization successfully due to limited resources and capabilities. In order to accomplish an efficient and effective internationa... see more

Pags. 371 - 379  

Nur Ainna Ramli,Gilbert Nartea

We study the comprehensive, simultaneous interrelationships between economic sectors (i.e., primary, secondary and tertiary sector), capital structure and performance, especially involving the mediation effects in different sectors. We find a direct relat... see more

Pags. 380 - 388  

Sarod Khandaker,Silvia Zia Islam

The Global Financial Crisis (GFC) in the early 21st century curtailed international tourism growth, and the tourism industry suffered significantly during the financial crisis. There is evidence in the academic literature that the demand for international... see more

Pags. 389 - 393  

John Akuma,Isaac Doku,Nathaniel Awer

This paper seeks to investigate the relationship between deposit mobilization, credit risk and profitability of Ghanaian banks from 2002 to 2011. Secondary data were obtained from financial statements of 17 Ghanaian banks who have operated consistently wi... see more

Pags. 394 - 399  

Alex Bara,Pierre Le Roux

The study assesses the spillover effects of shocks to South Africa’s financial sector on economic growth and financial development of other SADC countries. The study uses Generalised Impulse Response and Vector Decomposition of Bayesian VAR estimations ap... see more

Pags. 400 - 412  

D. S. Amelia Oktrivina,Sugeng Suroso,Bambang Purwoko,Tri Widyastuti

The purpose of this study is to examine and analyze the influence of internal control over corporate governance, internal control influence on corporate performance, the influence of corporate governance on corporate performance.. The research method uses... see more

Pags. 413 - 416  

Selim Koray Demirel,Seyfettin Artan

Economic confidence is an important tool in predicting macroeconomic changes. In this study, causality relationships between the confidence level and the fundamental macroeconomic indicators are analyzed using panel data analysis for 13 European Union cou... see more

Pags. 417 - 424  

Ebru Çaglayan-Akay,Muhammed H. Van

The aim of the paper is to determine the factors affecting the economic development levels of selected countries using bayesian ordered probit model.  For this aim, Human Development Indices of 130 countries are involved in the analysis with respect ... see more

Pags. 425 - 431  

Abdus Samad,Mohammad Ashraful Ferdous Chowdhury

The critiques of the Islamic bank allege that the depositors’ return and the return on loans of the Islamic bank is nothing but the interest rate of the conventional banks and they simply follow the conventional banks interest rate. This paper empirically... see more

Pags. 432 - 439  

Pham Dinh Long,Pham Dinh Cuong

The challenges and difficulties which the Vietnamese textile and garment enterprises have been facing recently result not only from objective external environment such as  the requirement to expand the market, international economic integration and t... see more

Pags. 440 - 453  

Khairul Kabir Sumon,Md. Sazib Miyan

The study is conducted to examine empirically the relationship between inflation and economic growth in Bangladesh using annual data set from 1986 to 2016. Moreover to formulate policy issue, it was needed to find the threshold level of inflation for Bang... see more

Pags. 454 - 464  

Athambawa Jahfer,Tohru Inoue

This paper investigates the macroeconomic factors influencing on stock market performances in the long run while solving " Stock price-GDP puzzle" in the Sri Lankan market. The results show that money supply and inflation are positively related with stock... see more

Pags. 465 - 474  

Pasquale De Luca

The cost of capital is one of the most relevant variables in the firm’s valuation models. The well-known models to estimate the cost of capital are based on a defined debt level. Therefore, they can be used only if the debt level is known and constant in ... see more

Pags. 475 - 484  

Marco Antonio Alejo-García,Francisco Venegas-Martínez,Salvador Cruz-Aké

This paper is aimed at examining the relationship among the surety bond market, the building sector, and several important nominal variables related to the construction industry en México during 2006-2014. To do this, we use Vector Autoregressive (VAR) an... see more

Pags. 485 - 497  

Imaduddin Sahabat,Teguh Dartanto,Haidy A. Passay,Diah Widyawati

Despite the dominance of cash method, electronic transactions have emerged in urban Indonesia. Existing studies focused on the macro impact of such transaction in developed countries. Limited attention has been paid to study consumers’ preference of payme... see more

Pags. 498 - 511  

Khalifa Hassanain

The focus of this short paper is on SDR based currency risk management including the choice of the appropriate currency index, pattern of adjustment of currency weights following financial shocks and the exchange rates to be used in the process of calcula... see more

Pags. 512 - 516  

Shen-Ho Chang,Feng-Yi Hsu

This study aims to discuss the overconfident managers and the governance mechanism of the company on the value of cash held by enterprises. According to the empirical findings, the overconfident managers greatly reduces the value of the cash held by the e... see more

Pags. 517 - 529  

Totok Budisantoso,Rahmawati Rahmawati,Bandi Bandi,Agung Nur Probohudono

Objective of this research is to examine moderating effect of audit opinion accuracy on relationship between corporate governance and downward auditor switching in five countries of Association of Southeast Asian Nations (ASEAN) region. Sample of this res... see more

Pags. 530 - 540  

Didin Fatihudin,Sjamsul Hidajat,Iis Holisin

This study aims to find a model to develop self-saving independence among traders and fishermen through financial literacy and investment portfolio. How many Traders-Fishermen know, allocate their income to various investment instruments, such as deposits... see more

Pags. 541 - 546  

Eric Joel Caro

Microfinance institutions give credit to people who do not have facilities of access to the financial system with the aim of using it to create or expand a business. However, these institutions may be affected, exogenously, by the situation of the country... see more

Pags. 547 - 551  

Hendy Yudyanto,Fithra Faisal Hastiadi

This research aims to observe the impact of the export tax tariff imposition on Indonesian cocoa beans against the export of processed cocoa products from Indonesia and Malaysia in the long-term. Research variables used are the export volume of processed ... see more

Pags. 552 - 560  

Mostafa El Hachlouf,Mohammed El Haddad,Faris Hamza,Meriem Aboulethar

The minimization of the portfolio of financial assets has a particular interest in the field of finance. In this context, several approaches have been proposed to contribute to the solution of this problem which Markowitz approach is the most popular. In ... see more

Pags. 561 - 564