scholarly journals Grey power and the Economy: Aging and Inflation Across Advanced Economies

2017 ◽  
Vol 51 (4) ◽  
pp. 514-552 ◽  
Author(s):  
Tim Vlandas
Keyword(s):  
Regression Analysis ◽  
Older People ◽  
Panel Data Regression ◽  
Inflation Rates ◽  
Advanced Economies ◽  
Data Regression ◽  
Democratic Parties ◽  
Social Democratic Parties ◽  
Larger Sample

What explains the cross-national variation in inflation rates across countries? In contrast to most literature, which emphasizes the role of ideas and institutions, this article focuses on electoral politics and argues that aging leads to lower inflation rates. Countries with a larger share of elderly exhibit lower inflation because older people are both more inflation averse and politically powerful, forcing parties seeking their votes to pursue lower inflation. Logistic regression analysis of survey data confirms that older people are more inflation averse and more likely to punish incumbents at the ballot box for inflation. Panel data regression analysis shows that social democratic parties have more economically orthodox manifestos in European countries with more elderly people, and that the share of elderly is negatively correlated with inflation in both a sample of 21 advanced economies and a larger sample of 175 countries. Aging therefore pushes governments to pursue lower inflation.

scholarly journals Investigating if the Financial Markets Performance Affects the Shadow Economy: Additional Evidence From EU Countries

2021 ◽  
Vol 12 (5) ◽  
pp. 130
Author(s):  
Pyrros Papadimitriou ◽  
Thomas Poufinas ◽  
George Galanos ◽  
Charalampos Agiropoulos
Keyword(s):  
Financial Markets ◽  
Shadow Economy ◽  
Underground Economy ◽  
Legal Aspects ◽  
Extensive Literature ◽  
Policy Makers ◽  
Panel Data Regression ◽  
Inflation Rates ◽  
Advanced Economies ◽  
Data Regression

The shadow economy also known as the informal or unobserved or underground economy, is a phenomenon that affects not only emerging markets and developing countries but also advanced economies. In general, this undeclared economic activity is hard to measure given its hidden nature in addition to its relation with unlawful activities. Nevertheless, apart from the legal aspects that may appear, shadow economy has negative implications in terms of tax revenue and social security contributions for the nations. To this end, an extensive literature has explored the measurement issues as well as the root causes of this phenomenon proving that the underground economy constitutes a significant portion of the overall economy in a number of countries. This paper tries to investigate the relationship between the shadow economy and the financial markets. This paper employs a number of panel data regression models to detect the association between the financial market metrics and the shadow economy (as a% of GDP). The outcome of this paper is that it finds evidence that increased market capitalization, GDP per capita and FDI as well as low unemployment and inflation rates contribute to low levels of shadow economy. This can be of value to policy makers and the competent authorities of the countries that wish to find means to contain their shadow economy.

scholarly journals PENGARUH GOOD CORPORATE GOVERNANCE DAN LEVERAGE TERHADAP KINERJA KEUANGAN PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

2019 ◽  
Author(s):  
Elvina Agustin ◽  
Aminar Sutra Dewi
Keyword(s):  
Corporate Governance ◽  
Regression Analysis ◽  
Financial Performance ◽  
Audit Committee ◽  
Hypothesis Test ◽  
Secondary Data ◽  
Good Corporate Governance ◽  
Panel Data Regression ◽  
Data Regression

The financial performance of State-Owned Enterprises has decreased from 2015 to Q1 2016 because of rising NPLs or bad loans. The role of the organization in the company will give effect to the financial performance. This study aims to determine the influence of the Board of Commissioners, Audit Committee, and Leverage on Performance Banking finance. The sample used is the financial sector companies in the year 20012-2016 amounted to 45 samples. The type of data used is secondary data. The hypothesis in this research is tested by using panel data regression analysis. The result of the hypothesis test shows that the board of commissioners has negative and insignificant effect, the audit committee has positive and insignificant impact on the company's financial performance (ROA). Leverage has a negative and insignificant impact on ROA.

scholarly journals Does Labor Union Utility Increase Workers’ Organizational Commitment and Job Satisfaction? The Moderating Role of Labor Union Membership

2018 ◽  
Vol 4 ◽  
pp. 237802311881343
Author(s):  
Intae Choi
Keyword(s):  
Job Satisfaction ◽  
Regression Analysis ◽  
Organizational Commitment ◽  
Panel Data ◽  
Labor Union ◽  
Panel Study ◽  
Panel Data Regression ◽  
Data Regression ◽  
Moderating Role

The purpose of this study is to address whether labor union members’ organizational commitment and job satisfaction are more influenced by labor union utility than those of nonunion employees. This study uses data from the Korean Labor and Income Panel Study published by the Korea Labor Institute. The study’s methodology employs panel data regression analysis. The findings are that labor union utility increases workers’ organizational commitment and job satisfaction and that these effects are positively greater for labor union members than nonunion employees.

scholarly journals The Effect Of Government Spending For Economic Structure Changes In Gorontalo Province

2020 ◽  
Vol 1 (2) ◽  
Author(s):  
Dyna Pratama Gobel ◽  
Fitri Hadi Yulia Akib
Keyword(s):  
Regression Analysis ◽  
Structural Change ◽  
Government Spending ◽  
Economic Structure ◽  
Structure Changes ◽  
Panel Data Regression ◽  
Data Regression ◽  
Quantitative Descriptive ◽  
Positive Effect

This study aims to determine the extent of the effect of government spending on changes in economic structure in Gorontalo Province 2011-2016. This study uses panel data regression analysis, with quantitative descriptive methods. and to calculate the shift in structure in Gorontalo Province using the formula (Structural Change Index). The results showed that Government spending directed at economic development in the Province of Gorontalomen showed a positive effect, meaning that the role of the primary sector was increasing so that it did not have an impact on changes in economic structure. Keywords: Government Spending, Economic Structural Change

Limited Influence? The Role of the Party of European Socialists in Shaping Social Democracy in Central and Eastern Europe

2011 ◽  
Vol 46 (1) ◽  
pp. 32-55 ◽  
Author(s):  
Michael Holmes ◽  
Simon Lightfoot
Keyword(s):  
Eastern Europe ◽  
Central And Eastern Europe ◽  
Social Democracy ◽  
Social Democratic ◽  
Academic Literature ◽  
Early Stages ◽  
European Norm ◽  
Democratic Parties ◽  
Social Democratic Parties

AbstractThis article looks at the role of the Party of European Socialists (PES) in its attempts to shape social democratic parties in Central and Eastern Europe (CEE) towards a West European norm. It discusses how existing views in the academic literature on the role of transnational parties are inadequate. We argue that the PES did not play a key role in encouraging the establishment and development of parties in the CEE states from the 2004 enlargement in the early stages of accession. We contend that the overall influence of party federations has been limited, and that these limitations were as much in evidence before enlargement took place as they were afterwards.

scholarly journals The double-edged sword of corporatisation in the hospital sector: evidence from Indonesia

2016 ◽  
Vol 12 (1) ◽  
pp. 61-80 ◽  
Author(s):  
Asri Maharani ◽  
Gindo Tampubolon
Keyword(s):  
Regression Analysis ◽  
Panel Data ◽  
Financial Performance ◽  
System Performance ◽  
Hospital Performance ◽  
Public Hospitals ◽  
Health System Performance ◽  
The Past ◽  
Panel Data Regression ◽  
Data Regression

AbstractHoping to improve their health system performance, many countries have corporatised their hospitals in the past 20 years. What this means for hospital performance remains as yet largely unknown. This study looks into the association of corporatisation and hospital performance in Indonesia. We apply panel data regression analysis to survey data on 54 public hospitals in East Java province. Our analysis suggests that corporatisation is associated with higher hospital income and expenditure, but fails to improve efficiency and equity. These findings suggest that hospital corporatisation policy in Indonesia should increase emphasis on efficiency and equity rather than on financial performance alone.

scholarly journals Islamic Bank Financing and Its Effects on Economic Growth: A Cross Province Analysis

2019 ◽  
Vol 8 (2) ◽  
Author(s):  
Muhammad Anif Afandi ◽  
Muhammad Amin
Keyword(s):  
Economic Growth ◽  
Fixed Effects ◽  
Islamic Banking ◽  
Fixed Effects Model ◽  
Islamic Bank ◽  
Bank Financing ◽  
Panel Data Regression ◽  
Data Regression ◽  
Almost All

Islamic banking industry shows a reasonably good development, one of which is marked by an increase in service coverage in almost all provinces in Indonesia. However, the question is how far Islamic banking capable of contributing to the improvement of Indonesia's economic growth? The purpose of this research is to examine the role of Islamic banking in promoting inclusive economic growth with a sample of 33 provinces in Indonesia. The method used in this research is panel data regression using the fixed effects model. The results show that Islamic bank financing does not have an impact on Indonesia's economic growth. In other words, the results of the research provide information that the existence of Islamic banking in Indonesia has not yet give a significant impact on the welfare of Indonesian society

scholarly journals Effect of Default on Profitability in Kenyan Listed Companies

2020 ◽  
Vol 9 (4) ◽  
pp. 01-10
Author(s):  
James N Ndegwa
Keyword(s):  
Regression Analysis ◽  
Financial Institutions ◽  
Listed Companies ◽  
Short Term ◽  
Listed Firms ◽  
Short Notice ◽  
Panel Data Regression ◽  
Data Regression ◽  
Firm Profitability ◽  
The Relationship

The study investigated the whether the default measures of liquidity and solvency are associated and whether default measures are related to firm profitability. A total of 41 firms were selected to be in the study sample out of 46 non-financial listed firms in the Nairobi Securities Exchange during years 2013 to 2017 and panel data regression analysis was employed. The findings revealed that liquidity and solvency are significantly and negatively associated while the default measures lacked a significant relationship with profitability in Kenyan listed companies. The findings implied that there is no need for firms to focus too much on the relationship between default and profitability including invest heavily in liquidity in order to meet short term obligations as nowadays it is possible for firms to either convert non-cash assets quickly or borrow on short notice from financial institutions in case of an urgent need to meet liquidity shortages. These findings are consistent with the shitability theory.

scholarly journals The implications for bank risk posed by the bail-in amendments to the ranking of unsecured senior debt instruments in insolvency hierarchy

2021 ◽  
Vol 10 (2) ◽  
pp. 108-117
Author(s):  
Laurence Jones ◽  
Enrico Geretto ◽  
Maurizio Polato ◽  
Giulio Velliscig
Keyword(s):  
Side Effects ◽  
Panel Data ◽  
Bank Risk ◽  
Panel Data Regression ◽  
Data Regression ◽  
Bank Managers ◽  
Before And After ◽  
Asset Class ◽  
European Banks

Given the scarce empirical research supporting the branch of literature investigating the shortcomings of the bail-in regime (Hadjiemmanuil, 2015; Walther & White, 2020; Tröger, 2020), this paper offers a contribution in this regard investigating the implications for bank risk posed by the amendments to the unsecured senior debt asset class required to enhance the bail-in regime. To this purpose, we use a sample of 46 banks distributed over 17 European countries over the period of Q1 2010–Q4 2019. We thus run a fixed effect panel data regression over the entire period and also over the subperiods before and after the start of the overhaul of the unsecured senior debt asset class. Our main result points out the significant role of unsecured senior debt in explaining bank’s risk after the start of the amendments campaign which allowed this asset class to serve the enhancement of the bail-in regime. We attribute this result to the uncertain gone-concern loss-absorbing capacity of unsecured senior debt and its material cost exacerbated by the bail-in buffer shortfall of many European banks. Our result pique policymakers’ attention to the side-effects of the amendments to the bail-in regime and further guide bank managers’ decisions about regulatory funding strategies.

scholarly journals EXAMINATION OF THE EFFECT OF LOGISTICS FUNCTIONS ON FINANCIAL PERFORMANCE OF ORGANIZATION

2021 ◽  
Vol 8 (3) ◽  
pp. 18-26
Author(s):  
Boye AYANTOYINBO ◽  
Adeolu GBADEGESIN
Keyword(s):  
Regression Analysis ◽  
Panel Data ◽  
Financial Performance ◽  
Performance Indicators ◽  
Secondary Data ◽  
Manufacturing Companies ◽  
Panel Data Regression ◽  
Data Regression ◽  
The Subject ◽  
Logistic Functions

The contributions of logistics functions to the performance of an organization have been the subject of research over the years. Thus, this present study further examined the effect of outbound logistics functions on financial performance of quoted manufacturing companies in Nigeria. Panel data regression analysis was employed to test the effect of logistics functions on financial performance of the selected companies over a period of five years (2015-2019). Logistic functions costs and financial performance indicators were extracted from secondary data.  The findings of the study showed that logistics function has a positive and significant effect on financial performance of manufacturing companies in Nigeria. Therefore, the companies are implored to pay more attention to logistics functions when aiming at a better financial performance.

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