Miracle-dz/UniFAR-FTUs huggingface dataset:
Pengaruh Laba Akuntansi, Total Arus Kas, dan Net Profit Margin terhadap Return Saham pada Perusahaan Otomotif yang Terdaftar di Bursa Efek Indonesia

This study aims to determine whether accounting profit, total cash flow and Net Profit Margin effect on Return Shares in Automotive Companies listed on the Indonesia Stock Exchange. The population in this study are all automotive companies listing period 2013 - 2016. Sample taken based on certain criteria or purposive sampling. Data analysis techniques use multiple linear regression. The results show that overall from the period of 2013 to 2016 Accounting profit does not have a significant effect on stock returns due to transitory events in accounting so as not used as a reference by investors to invest, Total cash flow does not have a partial significant influence on stock return because the total cash flow is not enough to have information to be a benchmark to predict stock returns. Net profit margin has a partially significant influence on stock return because the profits generated by the company from the level of sales is also greater then it will attract investors.
The Effect of the Global Financial Crisis on the Profitability of Islamic Banks in UAE

This paper empirically analyzes the profitability of the four Islamic banks operating in the UAE during the financial period between 2004 and 2009 using three profitability indicators, return on total income, return on assets and return on equity. The researcher uses a variety of techniques, equality of means, coefficient of variation and Anova analysis to assess the effect of the financial crisis on the performance of the four specified banks. The findings show that although the financial crisis began in the 3rd quarter of 2007, its impact on the profitability of Islamic banks was most profound in 2008 and 2009 where there was a notable decline in all analyzed financial indicators. Moreover, the three indicators held a higher variability rate during the crisis years spanning 2008 to 2009 in stark contrast with the pre-crisis rates of the period spanning 2004 to 2007. Anova analysis across the four banks show significant differences between the mean of most indicators, suggesting varying performance under the adverse conditions present during the recession.
Catering Through Globalization: Cross-border Expansion and Misallocation in the Global Mutual Fund Industry

Efficient financial globalization should reward high-skilled financial institutions and punish low-skilled institutions. We show that the globalization of the mutual fund industry in the beginning of the century has exhibited the opposite pattern: low-skilled companies can benefit from globalization by catering to the demand of unsophisticated investors for foreign investment. This catering strategy attracts capital for fund companies but fails to deliver performance or diversification benefits to investors. Moreover, its associated cross-border capital flows reduce price efficiency and liquidity in the target country. Our results highlight the potential existence of a short-term behavioral component of financial globalization in distorting efficiency.
PENGARUH TRANSFER PRICING DAN PERENCANAAN PAJAK TERHADAP MANAJEMEN LABA (Studi Pada Perusahaan Manufaktur yang Terdaftar di BEI Periode 2015-2018)

This research was conducted considering the importance of financial statements for a company. Management has a crucial role in preparing financial statements that enable managers to manage earnings. This activity will distort the reported earnings so it can affect the company's financial condition. Earnings management arises due to agency problem type II that causes the policies taken by the company only benefit controlling shareholders through transfer pricing. In addition, the motivation to do earnings management is tax because earnings management can affect the amount of tax that must be paid to the government. The outcomes of this study point out that transfer pricing and tax planning have a significant and positive impact on earnings management. The coefficient of determination is 0.224 which potential that the earnings management variable can be defined with the aid of the transfer pricing variable and the tax planning variable by 22.4% and the remaining 78.6% is explained by different variables not discussed in this study. Keywords: earnings management, transfer pricing, tax planning . ABSTRAK Penelitian ini dilakukan mengingat pentingnya laporan keuangan bagi suatu perusahaan. Manajemen memiliki peran yang krusial dalam membuat laporan keuangan yang memungkinkan manajer untuk mengatur laba. Kegiatan ini akan mendistorsi laba yang dilaporkan sehingga dapat mempengaruhi kondisi keuangan perusahaan. Manajemen laba muncul karena masalah agensi tipe II yang menyebabkan kebijakan yang diambil oleh perusahaan hanya menguntungkan pemegang saham pengendali melalui transfer pricing . Selain itu, Pajak juga menjadi motivasi manajer untuk melakukan manajemen laba karena manajemen laba dapat mempengaruhi jumlah pajak yang harus dibayarkan kepada pemerintah. Penelitian ini menunjukkan bahwa variabel transfer pricing dan variabel perencanaan pajak berpengaruh signifikan dan positif terhadap manajemen laba. Koefisien determinasi yang dihasilkan dalam penelitian ini sebesar 0,224 yang berarti variabel manajemen laba dapat dijelaskan oleh variabel transfer pricing dan variabel perencanaan pajak sebesar 22,4% dan sisanya 78,6% dijelaskan oleh variabel lain diluar penelitian ini. Kata kunci: manajemen laba, transfer pricing , perencanaan pajak.
Potentials and Problems of Green Materials for Construction of Low-Cost Building in Nigeria

The provision of housing plays a significant role in the wellbeing of human, because it is the only place where people can fall back to relaxed and re-calibrated to put body and soul together. Thus, this paper been part of the larger study on the economic viability of green materials, is on merits and challenges of green materials as an alternative material to provide housing for the low-income earners at affordable price in the developing countries such as Nigeria. The approach used to carry out the research is gathering information through the primary and secondary source. Four hundred structured questioners were design and administered to the experts in the building industry out which 305 were considered usable after the data screening on the subject matter. The analysis was carried with statistical package for social science (SPSS) 23 software, the results from the response received reveal that relevant green materials has the following advantages affordability, renewability and naturality, free from volatile organic compound, durability among others. On the other it has hitches of human neglect, lack of information, socio economic influence, and climate and whether influence among others.
Innovation management in digital platforms

Digital platforms are increasingly gaining prevalence as orchestrators of innovation, spawning new value chains, business models and organisational forms. Platforms have also changed the way firms manage various aspects of their innovation process. Improving innovation success is imperative for organizations in a growing platform-based economy. To contribute to our understanding of innovation management in these emerging contexts, I present three original research projects that provide an empirically based understanding of the operational drivers of successful innovation management in emerging digital platforms with econometric studies and field experiments. In the second chapter, I quantify and characterize product evolution in mobile app development and examine the market performance implications of sequential innovation. I take a "search" perspective on how firms add new features and attributes into their digital products in successive product versions and find conditions under which search is associated with higher market performance. Increasing participation from marginal users who bring diverse skills, knowledge and experience can be instrumental for innovation success involving distant search through crowdsourcing. In the third chapter, I provide insights from a randomized controlled trial from a technology-based crowdsourcing platform and investigate whether and to what extent gender based preferences explain the under-representation of women in technology-based work. My findings provide counter-intuitive insights into heterogeneous gender preferences for tech-based work. In the fourth chapter, using a natural language processing technique, I study the recombinant breadth and atypicality of crowdsourced contributions to complex problems and explore which patterns and knowledge configurations are more or less likely to be associated with proposal success.
Iodine content of iodized salt available in retail outlets in Mthatha.

This study assesses the iodine content variations according to physical structure of salt and the socioeconomic status (SES). The cross sectional iodometric titration was used to determine iodine in salt samples according to the legal requirements of 40 - 60 ppm. Salt brands were purchased in a representative number of shops in Mthatha, South Africa and 66 samples were analyzed. The legal requirement was present in 38% of samples; hypo-iodinated and hyper-iodinated salts were shown in 26 and 36% of samples, respectively. There was a large variation of iodine among the salt brands (p = 0.00003) and SES (p < 0.0001). The higher variability of iodine was observed in fine salt than in coarse salt. Rates of low and excess iodine were higher in fine salt with lower SES than in coarse salt with higher SES. Urgent interventions, quality control and program monitoring of salt iodization are necessary. Key words: Salt iodization, iodometric titration, poverty, Mthatha, Eastern Cape, South Africa.
Achieving Scaled and Sustained Use of Client-Based Projects in Business School Marketing Education: A Proposed Suprastructure

Business scholars agree that well-constructed experiential learning and specifically client-based projects (CBPs) provide an opportunity for students to apply concepts they learn to solve particular problems. As an additional outcome, they provide value for multiple stakeholders including the client, business community, university, and the instructor. However, CBPs can be inherently complex and demanding on instructors, impeding adoption and sustained use. As critical participatory action researchers, we worked collaboratively with faculty within our marketing department to examine and address the challenges of scaling capacity to support, effectively replicate, and grow use of CBPs in our business school marketing courses and subsequently other department curriculum. This article describes a unified view of project management and business development processes as a framework for effective scaled use of CBPs and outlines a suprastructure. It additionally offers “how to” guidance that can support use of a suprastructure as a means of achieving economies of scale, including description of roles and relationships.
Three Essays on the Role of Political Connections in Corporate Finance

This dissertation investigates the influence of political connections on corporate financing activities in China. The thesis consists of three chapters. In the first essay, we explore whether and how political connections affect the likelihood of completing a cross-border M&A deal for Chinese publicly listed, but privately-owned enterprises (POEs) and the resulting firm performance. In line with the proposed political connection trade-off theory, we demonstrate that POEs with politically connected top managers are more likely to complete a cross-border M&A deal than POEs with no such connections, but that this comes at the cost of negative announcement returns and subsequent lower accounting performance. These findings support the idea that politically connected top managers engage in empire building behavior at the cost of shareholders’ wealth. In the second essay, we examine how political connections influence the likelihood of corporate bond issuance for POEs in China. Using a sample of Chinese POEs from 2007 to 2016, the research shows that politically-connected POEs are more likely to issue corporate bonds as a debt-financing instrument than their non-connected counterparts, and that they achieve lower coupon rates (i.e., lower refinancing costs). On the other hand, this research indicates that corporate bond-issuing POEs in China have weaker corporate governance and a surprisingly higher default probability. Overall, the results show that the corporate bond market in China is strongly distorted by political factors. In the third essay, we study how implicit government guarantees affect the yield spreads of Chinese corporate bonds. We presume that quasi-municipal corporate bonds (so called “Chengtou” bonds), issued by local government financing vehicles (LGFVs), carry an implicit government guarantee. Using a sample of publicly traded corporate bonds between 2010 and 2017, we find that bond investors are significantly less sensitive to bond-specific risks for corporate bonds with an implicit government guarantee: the yield spreads of Chengtou bonds are significantly lower than those of corporate bonds issued by POEs in China. We also find that corporate bonds from Northeast China are riskier than those issued by firms elsewhere in the country. Furthermore, we discover that policy changes introduced by the central government, which were intended to regulate local debt financing activities, significantly reduced the gap in yield spreads between Chengtou bonds and bonds issued by POEs. Overall, the empirical results suggest that implicit government guarantees play a crucial role in corporate debt market and that China's recent policy changes reduce the effectiveness of implicit government guarantees, making corporate bond market more market-oriented.
(When) Does Transparency Hurt Liquidity?

Conventional wisdom suggests that increases in public information improve market liquidity. However, if greater public information incentivizes only sophisticated investors to produce private information, it could exacerbate information asymmetry among investors and thus reduce liquidity. We explore this argument on a sample of mortgage-backed securities (MBSs) by using a recent European regulation that mandates complex disclosures about the individual loans underlying MBSs. We find that the liquidity of the debt tranches of disclosed MBSs declines by 23% post-regulation. Our inferences are stronger when the securities are harder to value and when the disparity in investor sophistication is higher. In contrast to these findings, we also find that the disclosures increase the liquidity of the equity tranches of the same MBSs. Overall, our evidence implies that the liquidity impact of enhanced public information varies with the nature of the asset in question; this effect is likely a function of the investors’ incentives for information production and price discovery.
Skills, qualifications and jobs in the EU: the making of a perfect match?

What has been the impact of the economic crisis on skill mismatch? Is there a cost in getting the unemployed quickly into any job? Why is skill mismatch prevalent among the [European Union] EU workforce? To answer these and other timely questions on skill mismatch, in spring 2014 [the European Centre for the Development of Vocational Training] Cedefop carried out the European skills and jobs (ESJ) survey. The findings caution that the prolonged economic downturn is threatening the long-term potential of the EU's human resources. A greater share of recent job finders has entered into jobs that need lower qualifications and skills than their own. The unemployed also run a greater risk of misplacement into jobs of lower skill intensity. More than one in five EU employees has not developed skills since they started a job, as over one third of EU jobs are characterised by poor task complexity and lack of continued learning. Closer stakeholder collaboration and policy action is needed in the EU to generate not only more skills but also, crucially, better jobs for better-matched skills.
A model for corporate renewal. Requirements for innovation management: Dissertation

The main object of this study is to increase the understanding of continuous corporate renewal. In this study, renewal refers to the process of companies aiming to reach a competitive edge through innovation. A broad definition of innovation includes product and service innovation as well as business model, management and organisational innovations. The study deals with innovation management, strategic renewal, organisational learning and organisational change and adaptation. It aims to provide an integrated view of these four distinct approaches related to corporate renewal. An ambidextrous corporate renewal model is then built on the basis of a theoretical framework where it is considered both possible and necessary to implement exploitation and exploration simultaneously and in the same organisation. The study was conducted as participatory action research simultaneously with a theoretical conceptual analysis during the research process. The empirical data were collected in the innovation management system and innovation strategy process development projects of the case study company. Furthermore, the innovation management system of the case study company was compared with the systems of four other companies in a multiple case study. Based on the theoretical framework and empirical requirement specifications, a new model of continuous corporate renewal was built. In this model, the exploitation and exploration approaches form the core of the front end of the innovation process. Both approaches share the same implementation stage. The model also features a continuously created shared understanding of vision and leveraging of the knowledge and resources of the organisation and its innovation network.
EFFECT OF SERVICE ENVIRONMENT ON CUSTOMER LOYALTY OF COMMERCIAL BANKS IN NAKURU TOWN, KENYA

Commercial banks are important financial institutions in any economy because they mobilize savings for investments and wealth creation. The service industry is very competitive while products offered are similar hence their only source of competitive strategy is differentiation of service offered. Consequently this study selected one of the service quality dimensions (service environment) and examined its effect on customer loyalty among major commercial banks in Nakuru town. The objective was to examine how bank service environment discriminates between performances (customer loyalty) of the major banks in Nakuru Town. It adopted descriptive research design and selected 120 customers from the six major banks in Nakuru town. Data collected was analyzed using SPSS to test the independence and relationship using Kruskal-wallis difference test, Pearson correlation coefficient and OLS multiple regression analysis. The banks service environment is strongly associated with customer loyalty (r=0.7). The factor was also a significant predictor of customer loyalty among the sampled banks in Nakuru town at the 0.05 level of significance. It was also apparent that customer loyalty between the sampled banks did not differ significantly based on the nature of service environment provided by the respective banks. The recommendation was that bank managers and staff need to focus their attention at modernizing their facilities, providing sufficient lighting and ventilation and strive to be more empathetic to their customers. Key Words: Service Environment, Customer Loyalty, Commercial Banks CITATION: Kabaa, G. W. , Gichuhi, D. , & Onyiego, Z. (2019). Effect of service environment on customer loyalty of commercial banks in Nakuru town, Kenya. The Strategic Journal of Business & Change Management, 6 (3), 907 – 914.
The impact of fiscal decentralization on economic performance in Indonesia

Regional studies literature argues that neighboring regions could impact each others’ economic performance trough trade, technology diffusion, capital flow, and political stability. However, the emergence of decentralization has put the above argument into a new context. This study aims to explain the impact of fiscal decentralization on economic. The study analyse the impact of fiscal decentralization using lag value and ignores the existence of spatial dependency between regions. Our study concludes that the fiscal decentralization has a significant effect on economic performance at a lag value of 3 years, implying that public budgeting will have a significant impact on increasing economic performance on 3 years later. In addition, the paper provides evidence that regions with similar economic performance are located nearby suggesting the presence of spatial dependence.
Teams, Career Horizon Diversity, and Tacit Collusion

We study optimal team design for multiple agents with possibly heterogeneous expected career horizons (i.e., discount factors). A principal assigns four agents to two teams, creating either homogeneous teams, by assigning the two agents with shorter horizons to one team and the two agents with longer horizons to a second team, or heterogeneous (diverse) teams, by mixing horizons within each team. The optimal team composition and explicit contract specified by the principal set the stage for implicit contracting between agents—to motivate desirable implicit contracting (mutual monitoring) and to prevent undesirable implicit contracting (collusion). When all agents have relatively short horizons, the contract is designed to motivate mutual monitoring that prevents free-riding, and homogeneous and diverse teams perform equally. When the agents have relatively long horizons, collusion becomes a pressing concern, and diverse teams are optimal. In this case, both the optimal contract and the agents’ binding collusion constraint are asymmetric and interdependent. We view our model as providing a new theory that helps explain both observed diversity in team assignments and diversity in pay-forperformance sensitivity.
Encourage them to learn: Case Study of Fictitious Product and Virtual Market in Marketing Communications Degree Course

At the Faculty of Economics and Management at the Czech University of Life Sciences Prague (CULS Prague) a wide range of marketing courses are taught, covering many aspects of marketing theory. The curriculum of the majority of marketing courses consists of case studies and project work in teams. The students in their MSc. studies have five marketing subjects in total, and work with different teachers, though the same teaching approach and design (project teaching) is used. In this article, we present the results of a new design for the Marketing Communications course. In this case, students are engaged in designing a real package for a fictitious product, and to enter a virtual market using a wide range of promotional tools. The students then debrief the entire experience as consumers in that virtual market. The course uses a mix of traditional and contemporary teaching techniques in the field of marketing communications. It can be used in traditional or blended learning or adapted for online courses. The innovative course design has been shown to be a key factor to stimulate the students to learn, rather than simply study and repeat their lectures. The learning efficiency compares favourably with the original course design.