Miracle-dz/UniFAR-FTUs huggingface dataset:
Exploring the bi-directional relationship of stock return and sustainability performance through the sustainability risk lens (case of Indonesia)

Sustainability investing has been evolved significantly since the last decade. The inclusion of social, environmental, and economic dimension into the portfolio screening criteria is stated as an essential strategy to increase the firms' financial performance. However, previous empirical evidence has gained a mixed result on this issue (i.e. positive, negative, and insignificant). This study contributes to the discussion by offering result on the heterogeneous effect of sustainability performance to the stock return, specifically through the sustainability risk lens. Sustainability risk is related to firm sustainability concern of not being able to perform in a "sustainable manner", thus related directly to the inefficiency within the firms, as well as the firms' idiosyncratic risk. Uniqueness contribution of this study is by offering the analysis in a disaggregated ways (i.e. separately examines the relationship between each sustainability performance dimensions and stock return), within portfolio level. Using large size of cross-sectional data (more than 400 companies over two years span of time) covered all non-financial sectors listed in the Indonesia Stock Exchange (IDX), we are able to confirm the notion of heterogenous sustainability performance within Indonesian firms. We also found evidence on the positive direction of an increase of social and economic performance to stock return. Meanwhile, environmental sustainability performance shows the contrast direction.
Complexities on the capital market

This book was written to support the lecture material within the Complexities on the Capital Market course for students of the Business Administration and Management BSc Programme with basic financial knowledge – namely students who already completed the Introduction to Finance and Corporate Finance courses. Therefore the reader must utilize their basic knowledge within the field of financial corporate management and case study solving. The chapters are structured to first introduce the case study which will be solved during the semester from the following aspects: reorganisation, valuation, taxation, financial stress, exchange rate exposure as well as long- and short term funding. All main chapters start out with and exercise to orient the reader, followed by the related theoretical background. This is later followed by some sample solutions and a guide to help the script writing in Matlab for optimization purposes. Each theoretical section ends with the lists of essential literature.
The Role of Firm’s Unique Resource in Developing Sustainable Competitive Advantage from Strategy Inimitability and its Effect on Firm Performance of Mining Companies in Indonesia

The positive relationship between unique resources and sustainable competitiveness of the company has been well understood and applies to almost all businesses. However, little is known about the specific effects of the uniqueness of resources and business strategies in this relationship. Using resource-based view (RBV), Porter's five-factor theory, and game theory, as well as imitation theory between companies, this study explains how the influence of company-specific resources and the uniqueness of the company's strategy as a sustainable competitive advantage affect performance. Analysis of data collected from surveys on 101 mining companies in Indonesia shows companies with distinctive resources are able to produce unique business strategies and insofar as they cannot be replicated, companies can enjoy sustainable competitive advantage. This implies that mining companies need to avoid their resources and business strategies to be imitated by their competitors if the company still wants to maintain competitive advantage and performance.
Bank Marketing Data Mining using CRISP-DM Approach

We live in a world where vast amounts of data are collected daily. At the bank, a large amount of data is recorded about their customers. This data is commonly used to create, maintain relationships and direct connections with customers to target them individually in the sale of certain products or banking offerings. Analyzing such data is an important need. This paper describes data mining approaches aim to build a predictive model that labels data into a predefined class. To define the processes and tasks that you must do to develop a successful Data Mining project using CRISP-DM Framework. This study will use Multilayer Perceptron and logistic regression as data mining technique. In this paper, the resulting model allows overfitting, so it can be avoided using cross validation. the model that provides the greatest average benefit is the Multilayer perceptron model with a 70% percentage split.
Advancing organizational corporate social responsibility (CSR) agenda

Purpose Given the growth of demand for companies’ engagement in socially responsible and ethical practices through corporate social responsibility (CSR), this paper aims to expand the literature on such efforts as currently presented in organizational communication, management, Human Resource Development (HRD) literature. Design/methodology/approach The authors synthesize the topic of CSR across these various disciplines with a focus on identifying gaps in the literature related to the training and development (T&D) based CSR-related activities. Thus, the authors provide implications for the training of CSR as called for by current literature because today’ corporations appear to lack the proper strategies in the understanding and implementation of such efforts. Findings The authors conclude by discussing the pragmatic considerations for this type of T&D and call for further discussion among scholars and professionals in facilitating future work on CSR in a training context. Originality/value Exploring CSR within the context of T&D presents critical capacities in enabling organizational CSR agenda across all units.
Factor Investing in Emerging Market Credits

We examine factors in a novel dataset on the cross-section of emerging market hard currency corporate bonds. We find that the size, low-risk, value, and momentum factors predict future excess returns. Single-factor and multi-factor portfolios obtain economically and statistically significant premiums. Further, alphas remain significant after controlling for exposures to developed market credit factors. The factor portfolios benefit from bottom-up allocations to countries, sectors, ratings, and maturity segments, as well as from bond selection within these segments. Higher risk-adjusted returns of factor portfolios also can be found within liquid subsamples of the market. TOPICS: Fixed income and structured finance, emerging markets, analysis of individual factors/risk premia, portfolio construction Key Findings ▪ We examine factors in the cross-section of emerging market hard currency corporate bonds and find that the size, value, momentum, and low-risk factors predict future excess returns. ▪ Factor portfolios yield significant alphas in the Capital Asset Pricing Model, and a multi-factor portfolio that allocates equally to the four factors shows even stronger results, due to the low pairwise correlations among the individual factors. ▪ Alphas remain significant versus developed market credit factors, and the results hold within countries, sectors, ratings, maturities, and liquid subsamples.
The viability of the bank advisory service business model - effects of customers' trust, satisfaction and loyalty on client-level performance

This paper investigates the viability of the relationship-oriented business model of the bank advisory service function and tests its viability considering differences in clients’ risk tolerance and financial literacy. Specifically, it investigates the effects of bank customers’ satisfaction, loyalty, and trust in bank advisors on two client level performance measures; client level non-interest revenue and client-level revenue on net interest spread. It further investigates how effects are moderated by differences in clients’ risk tolerance and financial literacy. The findings are based on analyzes of a data set that combines survey data (collected from 13,525 bank clients in 2013) with bank record data from each respondent. The cross sectional data is analyzed using OLS- regression and structural equation modeling. Findings show that trust has a positive direct effect on client level non-interest revenue. Further, trust mediates the entire impact of satisfaction and loyalty on client-level non-interest revenue. Customer satisfaction and loyalty do not lead to enhanced client-level non-interest revenue if there is limited trust in bank advisors. Findings further show that the relevance of trust for non-interest revenue is higher for clients with high risk tolerance and high financial literacy. Satisfaction, loyalty, and trust have no effect, however, on client-level revenue on net interest rate spread.
Exploring the Effect of Incorporating Danmaku into Advertising

Abstract This study explored the effect of incorporating danmaku, a website feature which allows viewers’ comments to scroll on top of videos that are streaming online, into advertising. Through a 2 (danmaku: absence versus presence) × 2 (ad type: nonhumor versus humor) × 2 (comment type: not cueing humor versus cueing humor) online experiment, we found a conditional effect of implementing the danmaku format on boosting advertising effectiveness. Specifically, when the ad content and comment content were incongruent—such that comments not cueing humor were used for humor ads, or comments cueing humor were used for nonhumor ads—danmaku ads fostered more favorable attitudes toward the ad, the brand, and the advertised product via heightened social presence. In light of the conditional effects, we discuss theoretical and practical implications of the findings and directions for future research.
Evaluating the Factors Determining Pesticide Residues in Vegetables: A Case Study of Lemons Market in Pakistan

In developing countries, vegetable markets are inefficient in terms of information exchanges between producers and consumers on food safety attributes. This study attempts to investigate the determinants of pesticide residues and estimate information efficiency of vegetable market, by using data collected from a representative sample of 360 farmers in Pakistani Punjab. Chromatography technique is employed to quantify pesticide residues in four common vegetables. Majority of the vegetable samples surpasses the maximum residues limits; hence, they are lemons (bad products). Results of pesticide residue model show that magnitudes of pesticide residues in vegetables vary with pesticide quantity and spray interval at the farm level. Results of information efficiency model reveal that vegetable prices are negatively but insignificantly correlated with pesticides residues, implying that vegetable market is a lemon market in Pakistan. Proper implementation of food safety standards and product labelling may help to provide safe vegetables to consumers.
The Immediate Effect of Chest Mobilization Technique on Dyspnea in Patients of COPD with Restrictive Impairment

Objective of study: to relieve dyspnea in patients of COPD with restrictive impairment by chest mobilization technique. Background: COPD is a primary lung disease but as it advances, there is restriction in chest wall mobility which decreases pulmonary functions and vital capacity of lung. So purpose of this study is to assess the immediate effect of chest mobilization on relieving dyspnea by improving the oxygen saturation. Materials and Methods: an experimental study was conducted on 30 COPD patients having vital capacity ＜80%, to assess the pre and post differences in modified Borg scale by applying chest mobilization technique: rib rotation; lateral flexion, extension, rotation of chest wall and pectoralis major stretching. Results: for within group analysis, comparison of data for modified Borg score was done using Wilcoxon sign rank test, and for between groups analysis was done using Mann Whitney U test. Statistical analysis showed significant change in modified Borg score after application of chest mobilization technique. Conclusion: it can be concluded from this study that chest wall mobilization has significant effect on dyspnea in COPD patients who are having restrictive impairment of chest wall in later stage of disease.
WHAT ARE THE CHARACTERISTICS OF THE IRISH DAIRY FARMERS WHO USE TEAGASC PROFIT MONITOR

Profit Monitor is a financial analysis package used by the Teagasc advisory service. Teagasc have been promoting the ‘Profit-Monitoring’ style of financial analysis for over a decade. The concept involves taking a close look at the performance of the farm business for the last completed production year and comparing the principal physical and financial aspects of the farm business. Just over 1,000 dairy farmers (4.5 per cent of all Irish dairy farmers or 9 per cent of Teagasc dairy farmer clients) completed Profit Monitor analysis for the 2005 production year. This study aimed to identify the attitudes and objectives common to regular dairy farmer users of Teagasc Profit Monitor. The study also made an initial assessment of the opinions of these regular dairy farmer users towards the concept of benchmarking analysis as carried out by Teagasc Profit Monitor. Farmer’s attitudes and objectives were ascertained by means of a questionnaire containing a series of fifty statements. The statements were based on those used by Willock et al. (1999) in their study of decision making on farms. The key finding from a Teagasc perspective was that 84 per cent of respondents indicated that Profit Monitor completion has enabled them to increase their farm income. Those farmers who agreed that completing Profit Monitor was worth the effort also tended to agree (1) that it is an essential farm financial management tool; and (2) that it helps me to make better decisions for my farm business.
The Impact of Service Quality, Company Image and Switching Barrier on Customer Retention: Mediating Role of Customer Satisfaction

A conceptual outline is offered that explore the consequences of service quality, company image, switching barriers on customer retention mediated by customer satisfaction at LB-LIA Banjarmasin. To test the framework, structural equation modelling technique is applied to data gathered from 141 students in this informal education institution. The results revealed that service quality has substantial effect on customer satisfaction and customer retention, corporate image has an effect on customer satisfaction while switching barriers do not significantly influence customer satisfaction or customer retention and lastly customer satisfaction has a major effect on customer retention. It is recommended that service quality, corporate image and customer satisfaction be maintained and switching barrier needs to be improved.
Finding Common Ground: The Need for Cooperation and Collaboration in the Spanish Natural Wine Industry

In fall 2018 and late spring 2019, five small natural wine producers in Spain pondered the potential for cooperation and collaboration in their segment of the wine industry. As these niche producers shared their common goals and challenges, they debated how to come to a consensus about pooling resources and working together to educate trade customers as well as the prospective natural wine consumer. Providing an overview of the Spanish wine industry and the natural wine segment, this applied research paper uses comparative case studies to explore the potential of incorporating cooperative relationships that could help these producers grow their businesses, share farming and wine-making techniques, and educate consumers about natural wines. Similar to previous cooperative relationships undertaken in other wine-producing regions, co-opetition might not only perform branding and collaborative marketing and reward entrepreneurial activities in Spain’s natural wine sector, but also carry some downsides in terms of autonomy and control over decision-making.
Study on Cost Analysis and Time Acceleration With CPM Method And Earned Value Method at Madegan Market Renovation Work of Ponorogo Regency

Cost and time deviation gives indication that construction project management is poor. In the reality shows that project completion time varies, as result the estimated time of project completion cannot be ensured. The research objectives include (1) Obtaining estimation of time needed to complete the renovation work, (2) Obtaining estimation of final project cost to the work contract value for renovating, (3) Gaining profit or loss in doing the work renovation of Badegan Market. The research method used CPM and Earned Value methods. The results showed that (1) Using the Earned Value method, the work performance of market renovation project was as expected and reached the work target and experienced acceleration, the estimated time of project completion was 79.09 days. By using the critical path determination to the CPM, the time it takes to complete the renovation project was 80 days, can be accelerated 40 days from initial planning 120 days, (2) The estimated cost of renovation project was equal to the contract value, amounting to IDR 3,673 Billion, (3) Based on the Cost Variance value, in the Market Renovation project, the contractor earns profit or costs incurred by the contractor less than the available budget of IDR 283,494 Million.
Lost in Digital Transformation? The role of Enterprise Social Networks in facilitating digital collaboration

In the age of globalization, exponential growth and digitalization, organizations need to make faster decisions, as well as continually innovate and adapt to changing customer needs to ensure their long-term competitiveness (Kammerlander et al. 2018; Magnusson and Martini 2008). Notably, large and established companies find it difficult to keep up with start-ups and smaller companies as well as with digital transformation (Christensen et al. 2015). Thus, organizations are increasingly providing their workforce with Enterprise Social Networks (ESNs) as intra-organizational social software platforms. Although ESNs hold great promises for organizations and their employees (Mantymaki and Riemer 2016), most ESN initiatives fail to leverage the intended benefits (Chin et al. 2015). This dissertation seeks to open up the black box behind this seemingly paradoxical relationship. It comprises four studies that are guided by the following research questions: R 1: How do different types of users (posters and lurkers) differ in their motivations for participating in ESNs? (= Paper 1) R 2: Why do employees deliberately not use the ESN? (= Paper 2) R 3: How can ESNs be successfully implemented and improved to overcome the challenges perceived by employees? (= Paper 3) R 4: Does ESN usage impact on individual task performance? And how can ESNs be used effectively to increase performance outcomes? (= Paper 4) Overall, the four studies contribute to a better understanding of the non-adoption phenomenon of ESNs, provide rich insights on employees’ underlying reasons and challenges regarding ESN usage, while underscoring the potential value of ESNs.
Polyphenol-Rich Beverage Consumption Affecting Parameters of the Lipid Metabolism in Healthy Subjects

Polyphenols are a diverse and widely distributed class of secondary metabolites, which possess numerous beneficial properties including a modulation of glucose and lipid metabolism. This placebo-controlled human intervention study was performed to explore effects of polyphenol-rich beverage (PRB) uptake on lipid metabolism, as well as DNA integrity. In this case, 36 healthy men were randomly divided to consume either 750 mL of a PRB (containing 51% chokeberry, cranberry, and pomegranate) or a placebo drink daily for eight weeks. Only PRB consumption was found to decrease fat and protein intakes significantly compared to the preceding one-week washout period. During the intervention with PRB an increased fat-free mass was shown after four weeks, whereas a significant elevation in body weight and leptin was observed in placebo group. Blood lipids were not significantly altered after PRB consumption, while triglyceride levels increased after placebo drink intake. In platelets, a significant inhibition of phosphodiesterase (PDE) activity was observed, more pronounced in test group. Consuming the PRB decreased total DNA strand breaks in whole blood as well as H2O2-induced breaks in isolated lymphocytes. Overall, our study suggested beneficial effects on lipid metabolism by reduced energy intake, modulation of biomarkers such as PDE activity and improved DNA integrity associated with PRB consumption.
Impacting the Service Quality on Online Deposit Decision: A Case of Vietcombank in Ho Chi Minh City

Nowadays, the importance of banks is in our modern life. It is a place to store our currency, helping us to profit from the money available and giving us money when we needed it. Therefore, people often prefer to deposit money into banks for safety. So, the study objective is to find out the determinants affecting the online deposit decision of Vietcombank in Ho Chi Minh City (HCMC). The research result is a science evident for bank managers to improve the service quality of online deposit. The researchers surveyed 552 customers related to online deposit and answered 24 questions but sample size of 520 customers processed. The primary sources of data collected from November 2017 to November 2018 for 24 branches of Vietcombank in Ho Chi Minh City (Each branch has 23 customers surveyed). Simple random sampling technique. The Data analyzed Cronbach's Alpha and the exploratory factor analysis (EFA), which used for Structural Equation Modelling (SEM) technique and using partial least squares method. Customer’s responses measured through an adapted questionnaire on a 5point Likert scale. In addition, the findings of the study have five factors affecting the online deposit decision of Vietcombank in HCMC with significance level 0.01.
Effect of Brand Awareness, Brand Association, Perceived Quality and Brand Loyalty on Purchasing Decision: Case Study on ACE Hardware Indonesia Consumers

This research aims to determine and analyze whether there is a significant effect both simultaneously and partially among brand equity variables represented by brand awareness, brand association, perceived quality, and brand loyalty on the purchasing decision of products being sold at ACE Hardware Indonesia. Samples were taken by using convenience sampling method through online form. Data analysis was performed by using multiple regression techniques. Results of the hypothesis test obtained that simultaneously all brand equity variables have a significant effect, but partially the results are varied. Brand awareness and brand association have no significant effect, while perceived quality and brand loyalty have a significant effect on purchasing decisions. Keywords—brand awareness, brand association, perceived quality, brand loyalty, purchase decision.