scholarly journals Impact of Political Stability and Managerial Ownership on Firm’s Profitability

2019 ◽  
Vol 13 (1) ◽  
pp. 59-70
Author(s):  
Zeshan Anwar ◽  
Kausar Abbass ◽  
Sadia Shaikh
Keyword(s):  
Economic Development ◽  
Agency Costs ◽  
Political Stability ◽  
Managerial Ownership ◽  
Business Sector ◽  
Foreign Reserves ◽  
Significant Function ◽  
Unskilled Labour ◽  
Relationship Of ◽  
The Relationship

The vibrant business sector is a dynamic segment for Pakistan’s economic development because it offers employment to a larger population of skilled and unskilled labour; creates foreign reserves through exports; and also satisfies local demand for the products. Moreover, the listed companies perform a significant function in the growth of an economy, however, on pragmatic grounds, access to capital is evidenced as a matter of grave concern for the business sector in Pakistan. Moreover, it has been observed that in order to reduce the firms’ agency costs, managerial ownership is utilized. Hence, in this essence, this research investigates the relationship of political stability, managerial ownership, dividends, sales, and total assets with the firm’s profitability in Pakistan during 2013-2017. The findings depict that the variables of political stability, total assets, dividends, and sales, positively and significantly affect the firm’s profitability, while, managerial ownership is insignificantly associated with profitability.

The Significance of Regional Studies for the Elaboration of National Economic History

1960 ◽  
Vol 20 (4) ◽  
pp. 588-596 ◽  
Author(s):  
Henry W. Broude
Keyword(s):  
Economic Development ◽  
Economic History ◽  
Regional Differentiation ◽  
Regional Studies ◽  
National Economic ◽  
Methodological Problems ◽  
National Economic Development ◽  
Relationship Of ◽  
The Relationship ◽  
Point Of Departure

The purpose of this paper is to serve as a point of departure for discussion of the relationship of regional differentiation and growth to general economic development. In addition to touching on methodological problems, I hope to establish two specific points: (a) that the needs of economic history call for particular perspectives in delimiting regions, and (b) that study of regional interaction can provide insights in an understanding of national economic development.

scholarly journals Improving Regional Socio-Economic Policies Based on Human Capital Management

2021 ◽  
Vol 58 (2) ◽  
pp. 1166-1174
Author(s):  
Gairat Zuvaitovich Ubaydullaev
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Digital Economy ◽  
Economic Policies ◽  
Human Capital Management ◽  
Economic Relations ◽  
Theoretical Substantiation ◽  
Socio Economic Development ◽  
Relationship Of ◽  
The Relationship

Theoretical substantiation and development of an organizational and economic mechanism for managing human capital in the development of the country. The purpose of the study is to study the theoretical and methodological foundations for the development of human capital and the digital economy in the economy of Uzbekistan.The purpose of this work is to identify the development of socio-economic relations that characterize the relationship of human capital as an innovative factor in socio-economic development. The study focuses on the concepts and strategies of the country’s socio-economic development, developed by the state, giving priority attention to the growth of human capital and the development of the digital economy, the formation of targeted problem-solving programs.Comparisons and similarities in the work of our historical scientists in the development of the education system are the main goal in the growth of human capital.

scholarly journals KETERKAITAN MANAGERIAL OWNERSHIP DAN LEVERAGE TERHADAP NILAI PERUSAHAAN: DALAM KONTEK HUBUNGAN KEAGENAN PERUSAHAAN DI INDONESIA

2021 ◽  
Vol 5 (1) ◽  
pp. 160
Author(s):  
Margarita Ekadjaja ◽  
Rorlen Rorlen ◽  
Fanny Andriani Setiawan ◽  
Kartika Nuringsih
Keyword(s):  
Decision Making ◽  
Firm Value ◽  
Agency Costs ◽  
Least Square ◽  
Managerial Ownership ◽  
Corporate Value ◽  
Manufacturing Companies ◽  
Positive Interaction ◽  
Two Stage ◽  
The Relationship

Manajemen dan nilai perusahaan memiliki keterkaitan yang tidak dapat dipisahkan.  Dimana manajemen perusahaan merupakan penggerak roda perusahaan dan berorientasi pada nilai perusahaan. Peran seorang manajer adalah memaksimalkan kekayaan bagi pemegang saham.  Namun, manajer yang tidak memiliki kepemilikan saham yang signifikan di perusahaan dapat memilih untuk memaksimalkan keuntungan bersih mereka sendiri dengan mengorbankan pemilik perusahaan. Akibatnya, pemilik terpaksa mengeluarkan biaya agensi untuk memastikan bahwa manajemen perusahaan bertindak dengan cara yang tepat. Cara untuk mengurangi biaya agensi adalah memaksa perusahaan untuk meningkatkan hutang. Tujuan penelitian adalah  menguji hubungan simultan pertukaran antara ownership, leverage, dan nilai perusahaan sehubungan dengan keagenan pada perusahaan manufaktur di Indonesia dari tahun 2012-2018. Penelitian ini menambah pemahaman mengenai keterkaitan antara ownership dengan leverage, dan nilai perusahaan. Analisis data untuk argumen tentang keterkaitan simultan antara  ownership, leverage, dan nilai perusahaan melalui data panel regresi berganda 2 SLS (Two Stage Least Square). Bidang penelitian ini diperluas dengan mempertimbangkan model empiris di mana ownership dan leverage masing-masing diperlakukan sebagai variabel endogen atau ditentukan bersama.  Dalam metode 2 SLS ada 2 kali variabel yang diobservasi secara simultan untuk menghindari bayes sehingga variabel tersebut tidak bias, di mana variabel managerial ownership dan Leverage merupakan determinan non linier nilai perusahaan sebagai bagian integral dari pengambilan keputusan perusahaan dalam kerangka keagenan.  Persamaan Regresi hasil uji 2SLS memunjukkan keterkaitan nilai perusahaan dengan managerial ownership dan leverage. Hasil menunjukkan interaksi positif  tidak signifikan antara managerial ownerhip dengan nilai perusahaan, interaksi positif signifikan antara nilai perusahaan dengan leverage, dan interaksi yang negatif signifkan antara managerial ownership dengan leverage. Management and corporate value have an inseparable relationship. Where the company management is the driving force of the company and oriented to corporate values. The role of a manager is to maximize wealth of shareholders. However, managers who do not have a significant share in the company may choose to maximize their own net profits at the expense of the company owners. As a result, the owners are forced to incur agency costs to ensure that company management acts in an appropriate manner. The way to reduce agency costs is to force the company to increase debt. The research objective is to examine the exchange simultaneous relationship between ownership, leverage, and corporate value with respect to agency in manufacturing companies in Indonesia from 2012-2018. This study adds to the understanding of the relationship between ownership and leverage, and corporate value. Data analysis for arguments about the simultaneous relationship between ownership, leverage, and firm value through 2 SLS (Two Stage Least Square) multiple regression panel data. This field of research is extended by considering empirical models in which ownership and leverage are treated as endogenous or co-determined variables, respectively. Ownership and Leverage as an integral part of corporate decision making within an agency framework, which in turn will affect the value of the company. In the SLS 2 method, there are 2 variables that are observed simultaneously to avoid bayes so that the variable is not biased, in which the managerial ownership and leverage variables are nonlinear determinant corporate value as an integral part of corporate decision making within the agency framework, which in turn will affect firm value. The 2SLS regression equation results show the relationship between firm value and managerial ownership and leverage. The results prove that there is a positive interaction between managerial ownership between firm value, a significant positive interaction between firm value and leverage, and a significant negative interaction between managerial ownership and leverage.

The Dragon's Footprints

2019 ◽  
pp. 260-273
Author(s):  
Mona Chung ◽  
Bruno Mascitelli
Keyword(s):  
Economic Development ◽  
Economic System ◽  
Fast Moving ◽  
Policy Makers ◽  
Chinese Investment ◽  
The Past ◽  
Chinese Migration ◽  
And Migration ◽  
Relationship Of ◽  
The Relationship

This chapter examines Chinese migration and investment into Europe and explores models of migration and investment by identifying the gap between the two. The chapter highlights the major characteristics of Chinese investment and migration into Europe by identifying and separating the investment from Chinese state-owned enterprises (SOEs) and that of private individuals. This triangulation provides scholars and policy makers with a unique scenario. The migration and investment literature has been conducted as two separate and parallel topics. A small number of studies investigate the relationship of the two as one inter-connected relationship. There is even less focus on Chinese migration and investment due to the fact that over the past decade it has been a fast-moving phenomenon because of the speed of Chinese economic development. In addition, China's different political and economic system and its unique state structure adds another layer of complexity for scholars.

Household Composition and Headship as Related to Changes in Mode of Production: São Paulo 1765 to 1836

1980 ◽  
Vol 22 (1) ◽  
pp. 78-108 ◽  
Author(s):  
Elizabeth Anne Kuznesof
Keyword(s):  
Economic Development ◽  
Family Formation ◽  
Household Composition ◽  
Social Exchanges ◽  
Household Organization ◽  
Residential Characteristics ◽  
Relationship Of ◽  
The Relationship ◽  
Patterns Of Interaction ◽  
Mode Of Production

The relationship of household and family organization to changes in the larger economy (e.g., commercialization, industrialization) has long fascinated and baffled scholars. Data that specifically link the household and/or family unit to economic change have proved elusive, and most studies do little more than note temporal crosscultural coincidences of demographic and residential characteristics with those of economic development. The means by which the household interacted with the economy, what the patterns of interaction were and how they were determined in a given time and place are significant questions which are seldom addressed. Even less accessible are the changes in the dynamics of household organization in conjunction with economic development in terms of informal economic and social exchanges and household and family formation.

Inequality, Social Comparison, and Relative Deprivation

1983 ◽  
Vol 77 (2) ◽  
pp. 323-329 ◽  
Author(s):  
William H. Panning
Keyword(s):  
Social Comparison ◽  
Relative Deprivation ◽  
Formal Model ◽  
Political Instability ◽  
Political Stability ◽  
Relationship Of ◽  
The Relationship

In this article I present a formal model of relative deprivation and demonstrate its implications concerning the relationship between inequality and political instability. The model, which is based on assumptions similar to those of Nagel (1974), implies that the relationship of instability to inequality can be either curvilinear, as Nagel found, or linear, as Russett (1964) found, although under different conditions. In both cases the model implies that reducing inequality reduces the level of relative deprivation, thereby enhancing the prospect for political stability. However, changes in the tendency of individuals to compare their lot with that of others can also substantially affect the level of relative deprivation in a society.

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