Financial distress analysis on telecommunication companies in 2013–2017 periods (empirical studies in Asia Pacific)

2021 ◽  
pp. 135-141
Author(s):  
F.T. Kristanti ◽  
R.A. Syahputra
Keyword(s):  
Financial Distress ◽  
Empirical Studies ◽  
Asia Pacific ◽  
Telecommunication Companies

Women and the Judiciary in the Asia-Pacific

2021 ◽  
Keyword(s):  
Gender Equality ◽  
Empirical Studies ◽  
Gender Composition ◽  
Asia Pacific ◽  
Gender Justice ◽  
Women's Issues ◽  
The Past ◽  
The Social ◽  
And Gender ◽  
Core Part

Courts can play an important role in addressing issues of inequality, discrimination and gender injustice for women. The feminisation of the judiciary – both in its thin meaning of women's entrance into the profession, as well as its thicker forms of realising gender justice – is a core part of the agenda for gender equality. This volume acknowledges both the diversity of meanings of the feminisation of the judiciary, as well as the complexity of the social and cultural realisation of gender equality. Containing original empirical studies, this book demonstrates the past and present challenges women face to entering the judiciary and progressing their career, as well as when and why they advocate for women's issues while on the bench. From stories of pioneering women to sector-wide institutional studies of the gender composition of the judiciary, this book reflects on the feminisation of the judiciary in the Asia-Pacific.

scholarly journals An Empirical Test of Capital Structure Theories for the Vietnamese Listed Firms

2019 ◽  
Vol 12 (3) ◽  
pp. 148 ◽  
Author(s):  
Nguyen ◽  
Ho ◽  
Vo
Keyword(s):  
Capital Structure ◽  
Stock Exchange ◽  
Empirical Test ◽  
Empirical Studies ◽  
Order Theory ◽  
Asia Pacific ◽  
Method Of Moment ◽  
Pecking Order Theory ◽  
Factors Affecting ◽  
Listed Firms

Raising capital efficiently for the operations is considered a fundamental decision for any firms. Since the 1960s, various theories on capital structure have been developed. Various empirical studies had also been conducted to examine the appropriateness of these theories in different markets. Unfortunately, evidence is mixed. In the context of Vietnam, a rising powerful economy in the Asia Pacific region, this important issue has been largely ignored. This paper is conducted to provide additional evidence on this important issue. In addition, different factors affecting the capital structure decisions from the Vietnamese listed firms are examined. The Generalized Method of Moment approach is employed on the sample of 227 listed firms in Ho Chi Minh City stock exchange over the period from 2008 to 2017. Findings from this study suggest that the Vietnamese listed firms follow the trade-off theory to determine their capital structure (i.e., to determine the optimal debt level). In contrast, no evidence has been found to confirm that the pecking order theory can explain the financing decisions of the Vietnamese listed firms, as previously expected. In addition, findings from this study also indicate that ‘Fund flow deficit’ and ‘Change in sales’ are the most two important factors that affect the amount of debt issued for the Vietnamese listed firms. Implications for academics, practitioners, and the Vietnamese government have also been emerged from the findings of this paper.

Antecedents of work readjustment of professional returnees: evidence from Vietnam

2019 ◽  
Vol 12 (1) ◽  
pp. 58-72
Author(s):  
Hung Trong Hoang ◽  
Nga Thi Thuy Ho
Keyword(s):  
Home Country ◽  
Empirical Studies ◽  
Subjective Norm ◽  
Asia Pacific ◽  
Asia Pacific Region ◽  
Developed Country ◽  
Content Type ◽  
The Relationship ◽  
Overseas Work ◽  
Practical Implications

Purpose The purpose of this paper is to investigate the factors influencing work readjustment of Vietnamese returnees who used to study and/or work in a developed country and are currently working in different positions in their home country. Design/methodology/approach Data for this study were collected through a survey of 433 returnees using both paper-based and online surveys. Multiple regression was used to test the relationships in the model. Findings The findings show that while the length of time spent overseas, work expectations and subjective norm significantly affect work readjustment, the influences of age, gender and length of time since return on work readjustment are not supported. Practical implications The findings provide useful insights for home country government and managers of returnees developing repatriation programs that help returnees deal with the issue of poor work readjustment. Originality/value Empirical studies on cross-cultural re-entry adjustment of both self-initiated repatriates and international students are scarcely investigated. Most prior studies focused on individual factors (such as gender, age, duration in overseas and since return), research on the effect of work expectation on work readjustment is still scant. Most prior studies focused on examining the relationship between work expectation and work readjustment of company repatriates, however, this relationship in the context of returnees, especially in the Asia-Pacific region, has not been investigated. Furthermore, this study is the first to examine the influence of subjective norm on work readjustment of returnees.

Business uncertainty and financial leverage: should the firm double up on risk?

2019 ◽  
Vol 45 (4) ◽  
pp. 536-544
Author(s):  
Khaled Elkhal
Keyword(s):  
Financial Distress ◽  
Empirical Studies ◽  
Past Research ◽  
Optimum Level ◽  
Business Risk ◽  
Financial Leverage ◽  
Research Papers ◽  
Content Type ◽  
The Cost ◽  
The Relationship

Purpose The purpose of this paper is to examine the nature of the relationship between business risk and financial leverage. While past theoretical and empirical studies on this topic use similar variables, overall, their findings are inconclusive. In this paper, the author contends this is partially due to inappropriate proxies for business risk that are commonly used in these research papers. To correct for this misspecification, this paper proposes an alternative proxy for business risk that is isolated from the effects of financial leverage. Design/methodology/approach Past research on the relationship between business risk and financial leverage uses some variations in a firm’s operating cash flow as a proxy for business risk. This proxy cannot solely reflect business risk and may very well be affected by the level of financial leverage, especially for financially distressed firms. This paper proposes an alternative proxy for business risk that is isolated from the effects of financial leverage. This proxy is the cost of capital of an all-equity firm. The theoretical model developed in this paper is based on deriving the optimum level of debt as a function of business risk in the context of the Modigliani and Miller Proposition II model. Findings The findings show a positive linkage between business risk and financial leverage. This relationship is robust to the various forms the cost of financial distress function may take. Originality/value The mixed findings in past research papers regarding the relationship between business risk and financial leverage are mainly due to “inappropriate” measures of business risk that do not only reflect one firm attribute and are contaminated with other factors mainly financial leverage. As such, since the variable of interest is misspecified, the outcome of these studies cannot be credible. This paper attempts to correct for such misspecification by proposing a proxy that only reflects business risk. In addition, the proposed model is based on the widely acceptable Modigliani and Miller static theory of capital structure.

scholarly journals Framework for Exploring Fit and Flexibility in Strategic Human Resource Management in Jordanian Telecommunication Companies

2020 ◽  
Vol 5 (1) ◽  
Author(s):  
Hisham Abdul Kareem Shaheen ◽  
Ahmad Ali Almohtaseb
Keyword(s):  
Resource Management ◽  
Human Resource Management ◽  
Human Resource ◽  
Empirical Studies ◽  
Business Environment ◽  
Strategic Human Resource Management ◽  
Strategic Flexibility ◽  
Telecommunication Sector ◽  
Telecommunication Companies ◽  
Telecommunications Companies

The Fit and flexibility is now very imperative for an effective strategic human resource management.  Theoretical and empirical studies however could not agree on a single framework to accommodate both of its concepts (orthogonal and complimentary) to solve human resource management issues globally. The lack of a framework is a concern because there are still pertinent issues relating to human resource management specifically in Jordan. The purpose of this study was to carry out a conceptual framework to explore the fit and flexibility concept in strategic human resource management in Jordanian Telecommunication companies. This study suggests that emphasis should be placed on strategic flexibility in a dynamic sector like the Jordanian telecommunication sector to improve their productivity, performance and achieve a competitive advantage. Also, Jordanian Telecommunications companies' strategic flexibility will be achieved only if they rely on developing innovative and sustainable HR practices to stay competitive in their rapidly changing and dynamic business environment.

scholarly journals ANALISIS PREDIKSI TINGKAT KEBANGKRUTAN DENGAN METODE ALTMAN Z-SCORE DAN ZMIJEWSKI PADA PT BAKRIE TELECOM TBK PERIODE 2015-2017

2019 ◽  
Vol 3 (01) ◽  
Author(s):  
Suci Ariyani ◽  
Djumali Djumali ◽  
Ida Aryati
Keyword(s):  
Data Analysis ◽  
Financial Distress ◽  
Stock Exchange ◽  
Secondary Data ◽  
Z Score ◽  
Analysis Model ◽  
Analysis Techniques ◽  
Financial Condition ◽  
Grey Area ◽  
Telecommunication Companies

The purpose of this research is to know financial condition of Bakrie Telecom Tbk company using Altman and Zmijewski's analysis model period 2015-2017, during the period so its be able to predict financial distress happened inside the company. The data used to this research is secondary data, with population telecommunication companies go public enrolled in the Indonesia Stock Exchange (BEI) period 2015-2017. Data analysis techniques that used is Altman and Zmijewski's dicriminant analysis. The Altman's analysis model classified into three company categories, which are company that is in broken condition, grey area and not bankrupt/healthy. The Zmijewski's analysis model classified into two company categories, which are potentially bankrupt company and unpotentially bankrupt company/health. The results of the Bakrie Telecom Tbk company's financial distress analysis period of 2015-2017 used the Altman's model showed that company was not in bankrupt category/health .The results of the Zmijewski's analysis model showed in 2015 was not in bankrupt category/health category and in the year 2016-2017 was in the bankrupt category. Keywords: Bankruptcy , Altman , Zmijewski

scholarly journals Understanding key drivers of attitudes toward income inequality in the Asia Pacific region

2020 ◽  
Vol 9 (1) ◽  
Author(s):  
Vo Hong Duc ◽  
Nguyen Cong Thanh ◽  
Pham Ngoc Thach ◽  
Vo The Anh ◽  
Vu Ngoc Tan
Keyword(s):  
Income Inequality ◽  
Family Income ◽  
Empirical Studies ◽  
Demographic Factors ◽  
Asia Pacific ◽  
World Values Survey ◽  
Pacific Region ◽  
Asia Pacific Region ◽  
Key Drivers

Attitude toward income inequality and its drivers have attracted great attention from policymakers around the globe. Nevertheless, it appears that there is a shortage of empirical studies on the issue, at least in the context of the Asia-Pacific region – the World’s most dynamic economic region. This study is conducted to determine key drivers of attitude toward income inequality from various demographic factors, including Gender, Age, Political party, Education, Supervision, Family income, and Class. Available data for 19 countries at a different level of economic growth and development in the region are collected from the World Values Survey in 2016. The findings from this empirical study suggest that the role of each demographic factor as a significant explanation of variation in the attitude toward income inequality is different across nations in the study. In addition, a set of demographic factors, significantly contributing to the variation in attitude toward income inequality, varies across selected countries in the study. Among the demographic factors, Supervision and Class tend to be dominant factors in explaining variation in the attitude toward income inequality.

scholarly journals Analisis penentu biaya kesulitan keuangan

2021 ◽  
Vol 5 (2) ◽  
pp. 202-223
Author(s):  
Hendi Hendi ◽  
Jessica Jessica
Keyword(s):  
Financial Distress ◽  
Stock Exchange ◽  
Empirical Studies ◽  
Secondary Data ◽  
Future Research ◽  
Time Range ◽  
Public Companies ◽  
Return On Equity ◽  
Negative Effect ◽  
The Cost

Empirical studies aims to prove that the selected independent and control variables are indicators of determining the cost of financial distress. The object of research is all public companies listed on the Indonesia Stock Exchange (IDX) which are classified into 8 (eight) sectors, except for the financial sector. Data analysis uses Panel Regression analysis on secondary data samples obtained from the company's annual financial statements for the period of 2016-2020. The findings found that there is a significant negative effect between change in investment, return on assets and firm size on the cost of financial distress. The variables of probability of financial distress, holding of liquid assets, liquidity ratio, change in employment, leverage, return on equity, tobin's q, average profitability of its sector do not have a significant relationship to the cost of financial distress. Recommendations for future researchers are suggested for future research coverage not to occur during a pandemic. It is advisable for the next research to separate research that occurred during the pandemic period or the time range during normal conditions so that the sample comparison is fairer.

Empirical Studies on Inter-Organizational Collaborative Product Development

2006 ◽  
Vol 6 (2) ◽  
pp. 179-187 ◽  
Author(s):  
Chih-Hsing Chu ◽  
Chia-Jung Chang ◽  
Han-Chung Cheng
Keyword(s):  
Product Development ◽  
Product Design ◽  
Value Chain ◽  
Empirical Studies ◽  
Global Market ◽  
Asia Pacific ◽  
Global Value Chain ◽  
Asia Pacific Region ◽  
Collaborative Product Development ◽  
Collaboration Process

Collaborative product development (CPD) has become an imperative for companies to strengthen their niche values and remain competitive in the global market. However, most scholars may lack knowledge of deploying CPD in current industrial settings, and their research efforts may thus fail to fulfill practical needs. This paper presents a series of empirical case studies on distributed product development in Asia-Pacific Region. Engineering collaborations among brand-owner, manufacturer, and supplier in six product design chains (desktop PC, IC substrate, LCD monitor, bicycle, mold design, and CPU cooler) are under investigation. A systematic approach is developed that categorizes CPD into three modes based on the number of engineering BOM items and the difficulty of modularization in product design. It provides a preliminary but structured template for CPD deployment by characterizing the implications and software features of each mode. The cases also reveal values which CPD creates for the downstream supplier of a global value chain and new IT technologies enabling the collaboration process. This work is one of the early studies that analyze collaborative product development from the perspective of a manufacturer. The findings complement and corroborate theoretical studies in related research.

Risk management and firm value: recent theory and evidence

2016 ◽  
Vol 24 (1) ◽  
pp. 56-81 ◽  
Author(s):  
Timothy A Krause ◽  
Yiuman Tse
Keyword(s):  
Risk Management ◽  
Empirical Research ◽  
Financial Distress ◽  
Firm Value ◽  
Management Practices ◽  
Empirical Studies ◽  
Recent Theory ◽  
Content Type ◽  
Financial Decisions ◽  
Survey Paper

Purpose – This paper aims to provide an update to the risk management literature, as it compiles a survey of 65 recent theoretical and empirical studies on the topic. Design/methodology/approach – This is a survey paper that summarizes recent theoretical and empirical research regarding the relationship between risk management and firm value. Findings – Recent empirical evidence provides support for theoretical propositions in the literature that risk management increases firm value and returns, while reducing return and cash flow volatility. The results are largely consistent with early findings, and there have been significant empirical advances that address concerns regarding the endogeneity of risk management practices relative to corporate financial decisions. The literature has become broader and deeper, as there are now studies with larger sample sizes across more industries and geographic areas. Practical implications – Firms that use sound risk management practices obtain higher valuations, achieve better financial performance and experience diminished costs of financial distress. Recent research has emerged regarding enterprise risk management and its potential for value creation and risk reduction. Originality/value – The paper provides a new compilation and synthesis of recent theoretical and empirical research in risk management that addresses many of the limitations of prior research.

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