scholarly journals Factors affecting the development of the Vietnamese derivative securities market

2020 ◽  
Vol 17 (4) ◽  
pp. 25-32
Author(s):  
Tran Quoc Thinh ◽  
Ly Hoang Anh ◽  
Nguyen Ngoc Khanh Dung
Keyword(s):  
Ordinary Least Squares ◽  
Economic Resources ◽  
Securities Market ◽  
Derivative Securities ◽  
International Integration ◽  
Factors Affecting ◽  
State Management ◽  
Integration Strategy ◽  
Regulatory Bodies ◽  
Survey Sample

In the context of integration, the capital market has important implications for strengthening economic resources for development. This becomes even more important as the derivative securities market has recently emerged in some countries. It is an opportunity for countries to approach many capital sources, especially foreign capital. The objective of this paper is to identify factors affecting the development of Vietnamese derivative financial markets. The paper uses exploratory factor analysis and ordinary least squares to test the model. A survey sample includes 152 managers and experts of Vietnamese derivative securities companies in 2019. The results show that the International integration factor has the same direction, while the Legal environment factor has an adverse impact on the development of the Vietnamese derivative securities market. Therefore, Vietnamese regulatory bodies should amend some laws to create stability in the legal corridor, and state management agencies in the country need the orientation and the international integration strategy to attract financial resources for the development of Vietnam’s economy.

scholarly journals Factors Affecting Poverty on the Island of Sumatera

2021 ◽  
Vol 04 (12) ◽  
Author(s):  
Patria Nagara ◽  
Keyword(s):  
Income Distribution ◽  
Ordinary Least Squares ◽  
Multiple Regression Equation ◽  
Development Programs ◽  
Economic Activities ◽  
Poverty Level ◽  
Factors Affecting ◽  
Poverty And Inequality ◽  
Independent Variable ◽  
The Government

Poverty is a problem faced by many developing countries in general. Poverty is a reflection of the economic activities carried out by a country. The poverty level of a country shows that the development programs implemented by the government are not optimal. This study was conducted to analyze the determinants of poverty in 10 provinces on the island of Sumatra from 2006-2019. Multiple regression equation models were built for this research using the Ordinary Least Squares (OLS) method with the e-views 8 tool. The results show that simultaneously, the independent variable has a significant effect on poverty and partially one variable that does not significantly affect poverty, namely unemployment. An increase in education (literacy rate) and infrastructure (road length) leads to an increase in poverty and inequality in income distribution (the Gini Index), resulting in a decrease in poverty. It is hoped that future researchers will use education, infrastructure, and income distribution variables with different proxies.

scholarly journals Modelling the Heterogeneity of the Mutual Influence between Russian Regions in the Manufacturing Industry

2021 ◽  
Vol 17 (3) ◽  
pp. 944-955
Author(s):  
Mikhail B. Petrov ◽  
Leonid А. Serkov ◽  
Кonstantin B. Kozhov
Keyword(s):  
Manufacturing Industry ◽  
Mutual Influence ◽  
Methodological Approach ◽  
Ordinary Least Squares ◽  
Interaction Matrix ◽  
Sverdlovsk Oblast ◽  
Russian Regions ◽  
Factors Affecting ◽  
Interregional Interaction ◽  
The Impact

As factors affecting interregional interactions play an important role in regional economic development. Thus, developing a methodology for assessing these interactions is becoming urgent. The article proposes a methodological approach to analyse the factors influencing possible interactions between Sverdlovsk oblast and other constituent entities of the Russian Federation in the manufacturing industry. It is hypothesised that the elements of an interregional interaction matrix are proxy variables characterising the degree of this interaction. An economic analysis of relations and production chains between Sverdlovsk oblast and other constituent entitles confirmed this hypothesis. First, based on the spatial distribution of manufacturing output in the examined regions, values of an indicator showing the strength of their mutual influence were determined. Second, the impact of economic, infrastructural and institutional factors on the obtained indicator, characterising the inter action between Sverdlovsk oblast and other regions, was assessed using quantile regression. In this case, such a technique was chosen instead of the classical ordinary least squares (OLS) regression that incorrectly estimates the dependencies between the studied variables. This is expressed in the fact that the regression coefficients de pend on q-quantile of the dependent variable. We have revealed that price levels of the examined regions do not affect their possible interactions with Sverdlovsk oblast. Simultaneously, the dissemination of knowledge acts a driver of interaction between the considered regional manufacturing industries. The research findings can be used to prepare strategies, programmes and schemes for the placement and development of industries, considering the potential of Sverdlovsk oblast and other Russian regions.

The effects of corporate disclosure on firm value and firm performance: evidence from Turkey

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Hüseyin Temiz
Keyword(s):  
Firm Performance ◽  
Firm Value ◽  
Fixed Effects ◽  
Ordinary Least Squares ◽  
Least Square ◽  
Corporate Disclosure ◽  
Content Type ◽  
Regulatory Bodies ◽  
Transparency And Disclosure ◽  
The Cost

Purpose The purpose of this study is to investigate the effects of firms’ disclosure practices on firm value and firm performance. Design/methodology/approach Firms’ disclosure scores were calculated based on unique hand-collected data by using the S&P transparency and disclosure index (S&P TD index). Ordinary least squares with year/firm fixed effects and two-stage least square methods were used to test the hypothesis. Findings It is observed that firms’ disclosure scores have positive and statistically significant effects on firm value. However, firms’ disclosure scores do not have significant effects on firm performance. This result is mostly observed in sub-categories of the index. Practical implications Results show that disclosed information has an impact on firm value. Therefore, standardization and increasing the reliability of this information are necessary for both information users and firms. It is important to standardize the information published by the firms and to increase their reliability by implementing new regulations by regulatory bodies in Turkey. Social implications Firms bear the costs due to their disclosure practices. However, the benefits derived from this situation may be higher than the cost incurred. Hence, it is suggested that firms that are traded in Turkey consider this in the determination of their disclosure policy. Originality/value This is the first study that investigates the effects of firms’ disclosure scores on both firm value and firm performance by using the S&P TD index in the Turkish context.

scholarly journals Phillips Curve: The Greek Case

2020 ◽  
pp. 1-18
Author(s):  
Panagiotis Liargovas ◽  
Marios Psychalis
Keyword(s):  
Phillips Curve ◽  
Ordinary Least Squares ◽  
Economic Adjustment ◽  
Factors Affecting ◽  
The Past ◽  
Greek Economy ◽  
Classical Economic ◽  
High Level ◽  
The Relationship

One of the most important problems facing Greece is the long-term and high-level unemployment rate. The Economic Adjustment Programmes (EAPs) focused on the supply side of the economy, aiming at the adjustment of prices and wages, draw on the classical economic model, as it is widely accepted that internal devaluation policies keep inflation low. This article attempts to examine whether the Keynesian theory and the Phillips Curve, which shows the relationship between unemployment and inflation, apply in the case of the Greek economy. We use descriptive statistics, ordinary least squares (OLS) and VAR Analysis to examine the relationship between the variables. According to the results, there is a negative correlation between unemployment and inflation in Greece, thus confirming the Phillips Curve hypothesis. Finally, results show that unemployment is less dependent on inflation compared with the past, and there are numerous other decisive factors affecting unemployment.

scholarly journals A COMPARATIVE EXAMINATION OF LANGUAGE ECOLOGY AND LANGUAGE POLICY IN POST-SOVIET CENTRAL ASIA

Al-Farabi ◽  
2021 ◽  
Vol 76 (4) ◽  
pp. 114-131
Author(s):  
W. Fierman ◽  
Keyword(s):  
Language Policy ◽  
Central Asia ◽  
Ethnic Composition ◽  
Economic Resources ◽  
Union Republic ◽  
Factors Affecting ◽  
Language Ecology ◽  
Soviet Central Asia ◽  
Building Project ◽  
Comparative Examination

In the late Soviet era, the domains of use of languages were largely a function of ethnic groups’ status in the Soviet administrative hierarchy. Russian was at the top; below it were the eponymous languages of the non-Russian 14 “Union Republics;” all other languages were used in relatively narrow sets of domains. The “Union Republic languages” included five in Central Asia-- Kazakh, Kyrgyz, Tajik, Turkmen, and Uzbek. These languages’ use in fewer domains than most other Union Republic languages profoundly affected their expansion into new domains after 1991. Two other factors affecting this primarily rooted in the Soviet era were the ethnic composition of the republics upon the USSR’s collapse and their populations’ language repertoires. In addition to these “Soviet heritage factors,” language policy and ecology have also been shaped by each country’s nation building project, its international orientation, the nature of its political system, and its economic resources. Russian today remains more widely used in high prestige domains in Central Asia than in all other former Soviet republics except Belarus. However, Russian is less used in a wide variety of domains in Central Asia than it is in “autonomous” units of the former RSFSR.

scholarly journals PENGARUH DANA ALOKASI KHUSUS DAN PENDAPATAN ASLI DAERAH TERHADAP BELANJA MODAL STUDI KASUS PADA KABUPATEN BOLAANG MONGONDOW TAHUN 2004-2013

2019 ◽  
Vol 17 (2) ◽  
Author(s):  
Mohammad Bayu Moha ◽  
Anderson Guntur Kumenaung ◽  
Debby Christina Rotinsulu
Keyword(s):  
Regression Analysis ◽  
Capital Expenditure ◽  
Ordinary Least Squares ◽  
Least Square ◽  
Economic Resources ◽  
Capital Expenditures ◽  
Test Results ◽  
Least Squares Regression ◽  
Ordinary Least Square ◽  
Local Revenue

Abstrak Pendapatan Asli Daerah (PAD)  merupakan salah satu komponen pendapatan utama pemerintah daerah dalam menunjang anggaran rumah tangganya, semakin tinggi tingkat pendapatan yang dimiliki oleh daerah tentu akan semakin tinggi pula tingkatan kemandiriannya dan bisa memaksimalkan pengalokasian anggaran untuk pembangunan sektor-sektor unggulan. Sedangkan Dana Alokasi Khusus (DAK) menjadi sumber pendapatan daerah yang bisa menambah asset local dan secara agreggat menambah pendapatan melalui peningkatan sumber-sumber perekonomian yang dimiliki. Dalam penelitian ini digunakan Ordinary least square dengan analisis regresi berganda dan mendapatkan hasil uji t dan uji f menunjukan bahwa PAD berpengaruh positif dan signifikan terhadap belanja modal sedangkan DAK tidak memberi pengaruh yang signifikan, namun melalui uji R Square didapatkan hasil 82,7 hal ini berarti secara bersama-sama pengaruh PAD dan DAU terhadap belanja modal adalah 82,7 % (persen) sedangkan sisanya dipengaruhi variable lain. Kata kunci : Pendapatan Asli Daerah (PAD), Dana Alokasi Khusus (DAK), Belanja Modal   Abstract Local Revenue  is one of the major revenue components of the local government in supporting the household budget, the higher the level of income that is owned by the region of course the higher the level of independence and can maximize the budget allocation for the development of leading sectors. While the Special Allocation Fund became a source of local revenue that can increase local assets and collectively increase revenue through increased economic resources owned. This study used the Ordinary least squares regression analysis and obtain test results and test t f showed that PAD positive and significant impact on capital expenditures, while DAK does not give a significant influence, but through R Square test showed 82.7 this means  collectively influence of PAD and DAU towards capital expenditure was 82.7% (percent) while the rest influenced other variables. Keywords: Local Revenue,  the Special Allocation Fund, Capital Expenditure  

scholarly journals Modelling In-situ Factors Affecting Bud’s Growth of Rafflesia kerrii Meijer in Lojing Highlands, Kelantan, Peninsular Malaysia

2021 ◽  
Vol 29 (2) ◽  
Author(s):  
Abdul Hamid Mar Iman ◽  
Nor Hizami Hassin ◽  
Muhamad Azahar Abas ◽  
Zulhazman Hamzah
Keyword(s):  
Data Collection ◽  
Ecological Factors ◽  
Geographic Area ◽  
Ordinary Least Squares ◽  
Peninsular Malaysia ◽  
In Situ Observation ◽  
Cross Sectional ◽  
Factors Affecting ◽  
Consistent Error

Studies on the statistical approach to analyzing growth factors of bud’s growth in the genus Rafflesia have been lacking. This study quantified the effects of eight selected ecological factors hypothesized to be influencing bud’s growth (diameter and circumference) of Rafflesia kerrii Meijer. A non-experimental cross-sectional data collection was conducted between April and August 2018 by in-situ observation and measurements on eight ecological factors utilizing thirty-four sampled individual plants in Lojing Highlands, Kelantan, Peninsular Malaysia. The Ordinary Least Squares (OLS) and Heteroscedasticity-Consistent- Error (HCE) OLS regression models were employed to establish the statistical relationship between bud’s growth and its influencing factors. Host plant’s ecological ability, level of temperature, light shading, soil acidity, and interaction between plant survival condition and growth stage were found to be the significant and influential ecological factors to bud’s growth of Rafflesia kerrii. The results also showed that, model wise, HCE OLS models outperformed the OLS models in explaining the cause-and-effect relationship under study. Due to some limitations in sampling and data collection, further studies were recommended to corroborate this study using a larger sample covering a larger geographic area – possibly across different localities.

scholarly journals Econometric model to estimate the Probability of Default and Loss Given Default in the EBA stress test in 2016

2019 ◽  
Vol 1 (1) ◽  
Author(s):  
Salvador Climent-Serrano
Keyword(s):  
Panel Data ◽  
Econometric Model ◽  
Stress Test ◽  
A Priori ◽  
Ordinary Least Squares ◽  
Probability Of Default ◽  
Macroeconomic Factors ◽  
Factors Affecting ◽  
Loss Given Default ◽  
Test Methodology

In this research, an econometric with panel data using Ordinary least squares OLS model is constructed following the guidelines recommended by the EBA stress test methodology for 2016. The findings indicate that macroeconomic factors affecting defaults are the expected ones in the Spanish credit institutions. However, loan impairments do not follow the patterns that a priori would be normal. Divergent is outcomes in defaults and impairments: the Non-Performing Loans (NPL) is pro-cyclical and impairment losses are counter-cyclical.

scholarly journals Inclusive education in the republic of Kazakhstan and factors affecting its development

2021 ◽  
Vol 101 (1) ◽  
pp. 114-124
Author(s):  
M.B. Turlubekova ◽  
Keyword(s):  
Growth Rate ◽  
Regression Analysis ◽  
General Education ◽  
Inclusive Education ◽  
Statistical Processing ◽  
Management Policy ◽  
Necessary Condition ◽  
Factors Affecting ◽  
Number Of Children ◽  
State Management

Object: is the system of inclusive education in the context of state management policy. The methods: The following methods were used in the study: theoretical, empirical methods, methods of highquality data processing, methods of mathematical and statistical processing: ranking, correlation. An econometric model was constructed to test the hypothesis that there is a relationship between the growth rate of the number of children enrolled in inclusive education and the growth rate of the number of teachers in general education schools. The conclusions and results of the study were presented using a graphical method of presenting the results obtained. Findings: The author hypothesized that there is a relationship between the growth rate of the number of children enrolled in inclusive education and the growth rate of the number of teachers in general education schools. To prove or refute this hypothesis, the author conducted a regression analysis, which resulted in the conclusion that an increase in the number of teachers in general education schools is a significant and necessary condition for the further development of inclusive education. Conclusions: Based on the regression analysis, the author of the article concluded that the increase in the number of teachers of general education schools contributes to an increase in the number of children enrolled in inclusive education. The research analysis on the studied problem shows that at the present stage inclusion is the leading trend in the development of the education system. The quality of the development of inclusive education in Kazakhstan raises many questions for researchers, including the ineffectiveness of the use of innovative forms of education in inclusive education, the lack of knowledge of international experience, etc.

scholarly journals Implementasi Sistem Merit Dalam Manajemen Aparatur Sipil Negara Kementerian Agama Sulawesi Selatan

2020 ◽  
Vol 2 (1) ◽  
pp. 30-40
Author(s):  
Andi Sefullah ◽  
A Muin Fahmal ◽  
Muhammad Fachri Said
Keyword(s):  
Work Performance ◽  
Successful Implementation ◽  
Civil State ◽  
Regional Office ◽  
Factors Affecting ◽  
State Management ◽  
Track Record ◽  
State Apparatus ◽  
The Government ◽  
Merit System

Undang-undang No.5 Tahun 2014 tentang Aparatur Sipil Negara (ASN) merupakan wujud dari kelanjutan pelaksanaan Reformasi Birokrasi, menuju profesionalisme pegawai. Merit sistem merupakan cerminan manajemen kepegawaian yang profesional dimana penempatan pegawai dan pejabat menggunakan kompetensi kinerja dan track record sebagai alat ukur pengangkatan Tujuan penelitian ini untuk mengevaluasi implementasi sistem merit dalam Manajemen ASN pada Kantor Wilayah Kementerian Agama Prov. Sulawesi Selatan dan melihat faktor-faktor yang mempengaruhi implementasi sitem tersebut. Penelitian ini merupakan penelitian normatif empiris dengan menggunakan pendekatan kualitatif dengan tujuan mengetahui bagaimana implementasi sistem merit dalam manajemen ASN serta faktor-faktor yang mempengaruhi implementasi tersebut. Sehingga diharapkan dapat memberikan sumbangan pemikiran terhadap pemerintah dalam pengkajian dan pelaksanaan sistem merit kearah yang lebih baik. The implementation of the Act Number 5, Year 2014 on The Civil State Apparatus is entity of a sustainable successful implementation of bureaucracy reform head to officers professionalism. The Merit System is a reflection of professional staffing management. The merit system is performance assessment based on work performance. The purpose of this research is to evaluate the implementation of merit system to officers development according to the needs of South Celebes Regional Office the Ministry of Religions and the factors affecting of its implementations. It is a normatif-empiric method with qualitative approach. It is hoped to describe the implementation of merit system in civil state management and and the factors affecting of its implementations. So that it is expected to contribute ideas to the government in the study and implementation of a better Merit System.

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