scholarly journals Risk Management and Value Creation: Empirical Findings from Government Linked Companies in Malaysia

2019 ◽  
Author(s):  
Jamaliah Said ◽  
Md. Mahmudul Alam ◽  
Nik Herda Nik Abdullah ◽  
Nur Nadiah Zulkarnain
Keyword(s):  
Value Creation ◽  
Service Sector ◽  
Manufacturing Sector ◽  
The State ◽  
Primary Data ◽  
Brand Value ◽  
Quality Development ◽  
Average Return ◽  
The Status ◽  
The Government

This study is an attempt to assess the status of current level of value creation among the Government Linked Companies (GLCs) in Malaysia. This study collected primary data based on a set of questionnaire survey among 134 executives and managers of GLCs in Malaysia. The data were collected based on opinions of the ten factors of value creation practices by using the five-point Likert scale. The data were analysed using descriptive statistics. Further, the reliability of the data was tested using Cronbach’s alpha test, the validity of the data was tested by checking the normality test through skewness and kurtosis, and the consistency of the data was tested using factor analysis. On an average, 80.6% of the respondents agreed that they focus on these factors of value creation. Overall, the federal owned GLCs place more emphasis on certain elements of value creation than the state owned GLCs. Among the elements of value creation, the state owned GLCs emphasize the most on quality development and brand value creation, where the federal owned GLCs emphasized the most on reputation. The GLCs engaged in service sector emphasized the most on brand value and the GLCs engaged in manufacturing sector emphasized the most on customer satisfaction and quality development. This study suggest that GLCs in Malaysia improve the overall value creation by emphasizing on responsiveness, average return on investment, sales growth, profit growth and average return on sales.

scholarly journals Risk Management and Value Creation: Empirical Findings from Government Linked Companies in Malaysia

2016 ◽  
Vol 8 (2) ◽  
pp. 124 ◽  
Author(s):  
Jamaliah Said ◽  
Md. Mahmudul Alam ◽  
Nik Herda Nik Abdullah ◽  
Nur Nadiah Zulkarnain
Keyword(s):  
Value Creation ◽  
Service Sector ◽  
Manufacturing Sector ◽  
The State ◽  
Primary Data ◽  
Brand Value ◽  
Quality Development ◽  
Average Return ◽  
The Status ◽  
The Government

<p>This study is an attempt to assess the status of current level of value creation among the Government Linked Companies (GLCs) in Malaysia. This study collected primary data based on a set of questionnaire survey among 134 executives and managers of GLCs in Malaysia. The data were collected based on opinions of the ten factors of value creation practices by using the five-point Likert scale. The data were analysed using descriptive statistics. Further, the reliability of the data was tested using Cronbach’s alpha test, the validity of the data was tested by checking the normality test through skewness and kurtosis, and the consistency of the data was tested using factor analysis. On an average, 80.6% of the respondents agreed that they focus on these factors of value creation. Overall, the federal owned GLCs place more emphasis on certain elements of value creation than the state owned GLCs. Among the elements of value creation, the state owned GLCs emphasize the most on quality development and brand value creation, where the federal owned GLCs emphasized the most on reputation. The GLCs engaged in service sector emphasized the most on brand value and the GLCs engaged in manufacturing sector emphasized the most on customer satisfaction and quality development. This study suggest that GLCs in Malaysia improve the overall value creation by emphasizing on responsiveness, average return on investment, sales growth, profit growth and average return on sales.</p>

Hukum Denda dalam Keuangan Publik Islam di Indonesia

2018 ◽  
Vol 12 (2) ◽  
pp. 313-328
Author(s):  
Fathul Aminudin Aziz
Keyword(s):  
Islamic Law ◽  
The State ◽  
Mutual Benefit ◽  
State Budget ◽  
The People ◽  
The Status ◽  
The Government

Fines are sanctions or punishments that are applied in the form of the obligation to pay a sum of money imposed on the denial of a number of agreements previously agreed upon. There is debate over the status of fines in Islamic law. Some argue that fines may not be used, and some argue that they may be used. In the context of fines for delays in payment of taxes, in fiqh law it can be analogous to ta'zir bi al-tamlīk (punishment for ownership). This can be justified if the tax obligations have met the requirements. Whereas according to Islamic teachings, fines can be categorized as acts in order to obey government orders as taught in the hadith, and in order to contribute to the realization of mutual benefit in the life of the state. As for the amount of the fine, the government cannot arbitrarily determine fines that are too large to burden the people. Penalties are applied as a message of reprimand and as a means to cover the lack of the state budget.

ASSESSING PREFERENCES FOR COMPENSATION PACKAGES USING THE DISCRETE CHOICE METHOD: THE CASE OF THE BOLSA FLORESTA PROGRAM IN AMAZONAS, BRAZIL

2013 ◽  
Vol 15 (04) ◽  
pp. 1350021
Author(s):  
ESSAM YASSIN MOHAMMED ◽  
INA PORRAS ◽  
MARYANNE GRIEG-GRAN ◽  
LUIZA LIMA ◽  
AFRIANO SOARES ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Discrete Choice ◽  
Choice Model ◽  
The State ◽  
Natural Ecosystems ◽  
The Status ◽  
The Government ◽  
Voluntary Program ◽  
Main Components ◽  
Choice Method

Natural ecosystems, including forest ecosystems, continue to be degraded or converted at an alarming rate. To complement or substitute regulatory approaches to ecosystem management, market-based instruments such as "payments for ecosystem services" (PES) have been introduced and are gaining popularity. One of the prominent PES schemes in the world is the Bolsa Floresta Program (BFP) in the State of Amazonas, Brazil. The BFP was established by the Government of the State of Amazonas through its Secretariat for Environment and Sustainable Development in 2006 and is implemented by the Amazonas Sustainable Foundation. The BFP, which is a voluntary program to reduce deforestation and promote sustainable development by rewarding the communities for changing their land use practices, has four main components: the Bolsa Floresta Income; Bolsa Floresta Social; Bolsa Floresta Family; and Bolsa Floresta Association. A study was conducted to assess the preferences of the participating households in three reserves, namely: Rio Negro, Juma, and Uatumã, for different payment packages with varying combinations of the bolsas relative to the status quo option. The discrete choice method and an open ended question format were used to elicit the preferences of the participant households. The discrete choice model results showed that the majority of the respondents (about 80 per cent) in the three reserves chose an alternative which offered a 20 per cent increase in direct cash payments to households as their most preferred alternative. On the other hand, the majority of respondents who were subjected to open question stated that they would like to see an increase in benefits that fall under the Bolsa Floresta Social category.

Performance and Determinants of India’s GDP Since 1950: A Quantitative Analysis

2008 ◽  
Vol 4 (2) ◽  
pp. 106-131
Author(s):  
Alok Kumar Pandey ◽  
Annapurna Dixit
Keyword(s):  
Structural Adjustment ◽  
Service Sector ◽  
Agricultural Sector ◽  
Manufacturing Sector ◽  
Indian Economy ◽  
Export Sector ◽  
Policy Measures ◽  
The Government ◽  
Structural Adjustment Programmes ◽  
Sector Service

he planned economic development during the 40 years period (1950-91) has showed a mixed scenario. For example per annum growth in GDP during first fifteen years 1950-65 was found at 4 percent while during the period 1967-80 it declined marginally and stood at merely 3.45 percent per annum. However the decade of eighties which witnessed improvement in Agricultural sector, Mining & Manufacturing sector, Service sector and Export sector has resulted in 5.46 per cent per annum growth in the GDP. In this connection it is significant to observe that the overall growth in GDP during the period 1950 to 1991 was not very impressive due to constant pulls and pressures. In the early 1991, Indian economy faced several economic crises, like fiscal imbalances, mounting inflationary pressures and severe balance of payment crisis etc. The congress government, which assumed office at the end of June 1991, responded quickly to these problems. As a rescue measure, a series of new policy measures were announced in July 1991 by the government of India. These are also known as Structural Adjustment Programmes (SAPs) of 1991.The major thrust of present paper is to evaluate the performance (for the period 1950 to 2006) as well as determinants (for the period 1975 to 2006) of Gross Domestic Product (GDP) of Indian economy.

scholarly journals Language Policy of the Russian Federation

2020 ◽  
Vol 22 (22) ◽  
pp. 165-177
Author(s):  
Vesna Kosmajac ◽  
Keyword(s):  
Language Policy ◽  
Russian Federation ◽  
The State ◽  
Russian Language ◽  
The Status ◽  
The Russian Federation ◽  
The Law ◽  
The Government ◽  
The Russian Language ◽  
State Language

This paper presents a sociolinguistic analysis of the current linguistic situation in the Russian Federation. Preservation and development of the Russian language represents the national interest of the state. The Russian language has the status of a state language, but, given the large number of ethnic groups living on the territory of Russia, it must not jeopardise other national languages, as this could lead to inter-ethnic conflicts. Some of the key issues Russia is currently facing in this field are: the process of globalisation, the uncontrolled penetration of anglicisms into the Russian language, the adverse impact of the Internet and social networks on literacy, especially with the younger population. All valid rules of the Russian orthography are, in fact, prescribed by the Government of The Russian Federation. Laws regulating the area of language policy are the Constitution of the Russian Federation, the Law on the Languages of the Peoples of the Russian Federation, and the Law on the State Language of the Russian Federation.

scholarly journals ANALISIS FAKTOR YANG MEMPENGARUHI STATUS PENERIMAAN BERAS KELUARGA MISKIN MENGGUNAKAN REGRESI LOGISTIK BINER DI KECAMATAN LANGSA BARAT

2020 ◽  
Vol 14 (2) ◽  
pp. 181-192
Author(s):  
Amelia Amelia ◽  
Fitra Mulyani ◽  
Ulya Nabilla
Keyword(s):  
Logistic Regression ◽  
Economic Status ◽  
Secondary Data ◽  
Binary Logistic Regression ◽  
Primary Data ◽  
Binary Logistic Regression Analysis ◽  
Binary Logistic Regression Model ◽  
The Status ◽  
Rice Consumption ◽  
The Government

Poverty is an inability to meet basic needs measured by expenditure, including rice consumption. Based on data from the Central Statistics Agency (BPS), as much as 95% of Indonesia's population consumes rice as the main food, with an average rice consumption of 102 kg/person/ year (BPS, 2013). Furthermore, BPS stated that almost 1/4 of them or around 25.95 million people were included in the category of the poor population as of March 2018. So the government made a policy to tackle the problem through the program of giving poor family rice (Raskin), namely subsidized rice assistance to households poor. However, in the implementation of the Raskin program, there was a deviation of around 40% of Indonesia's population with a middle-upper social-economic status receiving Raskin and 12.5% ​​of the population with a socio-economic status upon receiving Raskin. Therefore this study aims to analyze the significant factors that affect the status of rice in poor families using binary logistic regression analysis. The location of the study was conducted in the District of West Langsa because the district was one of the districts receiving the most Raskin in the City of Langsa. The data used in this study are primary data and secondary data. The results of the analysis show that the factors that influence Raskin's acceptance status are the level of education, type of floor, type of fuel, expenditure for food, and frequency of purchasing new clothes. The binary logistic regression model obtained is

scholarly journals Need of Financial Sustainability in the Service Sector Msmes of India

2020 ◽  
Vol 9 (4S) ◽  
pp. 106-112
Keyword(s):  
Sustainable Development ◽  
Small Businesses ◽  
Service Sector ◽  
Small And Medium Enterprises ◽  
Manufacturing Sector ◽  
Industrial Sector ◽  
Added Value ◽  
Action Plans ◽  
Decent Work ◽  
The Government

The United Nations is taking an active part in the promotion and implementation of a sustainable approach in our surrounding environment, with the help of its 17 sustainable development goals (S.D. Gs). This paper touches upon the 8th and 9 th Goals which propose Decent work, Economic growth, Industry, Innovation and sustainable Infrastructure. Researchers propose that these goals are very crucial in the development of our economy. The industrial sector of the country is the backbone of its economy and in India the Micro, Small and Medium Enterprises (M.S.M. Es) are the soul of its exponential growth. Keeping in mind the Importance of the M.S.M. Es and their growing potential, the government has taken various initiatives in the form of schemes and policies, to promote and sustain these small businesses. Service sector contributes to more than 54.40% to Gross added value (G.V.A.) whereas the manufacturing sector contributes significantly less than the services sector. Despite of this fact researchers have found out that the Government is more inclined towards M.S.M.E’s in manufacturing sector and have opened a greater number of schemes and opportunities for them than the M.S.M.E’s in the service sector. Today, 54.6 billion total M.S.M. Es are registered in India, 33% are of the service sector. Review and comparison of the statistics and contributions of the M.S.M. Es in both these sectors presents a clear picture regarding the extensive contribution of the service M.S.M. Es and hence has outlined the need of differentiation. The research presents a factual analysis, of the need of more action plans especially the ones aiming at making the service M.S.M. Es financially strong and sustainable. They have a great potential of expansion, growth and can help create many new employment opportunities. Therefore, this paper is an attempt to highlight their contributions and emphasize how making these thriving M.S.M. Es, stand on their own feet is the need of the hour. Researchers believe that government schemes and action plans are one of the best and efficient mediums to achieve the SDGs and contribute towards sustainable development.

scholarly journals Market Orientation for Better Accountability of Government-Linked Companies

2019 ◽  
Author(s):  
Jamaliah Said ◽  
Md. Mahmudul Alam ◽  
Nik Herda Nik Abdullah ◽  
Nur Nadiah Zulkarnain
Keyword(s):  
Market Orientation ◽  
Current Level ◽  
Descriptive Statistics ◽  
Primary Data ◽  
Close Attention ◽  
The Status ◽  
Business Functions ◽  
The Government ◽  
Competitive Actions ◽  
Executives And Managers

This study assesses the status of the current level of market orientation among the Government-Linked Companies (GLCs) in Malaysia. This study collected primary data based on a set of questionnaire survey among 134 executives and managers of GLCs in Malaysia. The data were collected based on opinions of the ten factors of market orientation practices by using the five-point Likert scale. The data were analysed using descriptive statistics. On an average, 86.6% of the respondents agreed that they focus on these factors of market orientation. The federal owned GLCs place more emphasis on market orientation than the state owned GLCs. This study suggests improving the practices of market orientation of GLCs in Malaysia by emphasizing on providing close attention to after-sales service, responding rapidly to the threats of competitive actions, regularly discussing the competitors’ strengths and strategies by top management, and freely communicating successful and unsuccessful customer experiences across all business functions. It is suggested that Malaysian GLCs should serious invest in market orientation to deliver higher accountability outcomes.

Provisions for Entitlement to Wages when Benefits are not Satisfied Contemporary Applications in Judicial Rulings Kuwait as a Model

2021 ◽  
Vol 4 (Special Issue) ◽  
pp. 353-371
Author(s):  
Abdullatif Badr Al-Uthman
Keyword(s):  
The State ◽  
Commercial Law ◽  
The Status ◽  
Precautionary Measures ◽  
The Government ◽  
The State Of Kuwait ◽  
Relationship Of ◽  
The Relationship

The research contains a study of the legality of reducing wages in continuous contracts through the provisions of the status of pandemics in Islamic Sharia compared to commercial law in the State of Kuwait. The study also includes discussion about the relationship of wages to benefit and obligation in contracting, and a statement of the theory of emergency conditions, and the consequent obligation to pay the full rent, as happens at the time of closing the shops as a health precaution from the government, to mitigate the spreading the epidemic, and how does the tenant obligate the effects of the contract when he is unable to fully benefit? Especially since the period of precautionary measures has reached for several months, and debts and losses have accumulated on both parties, and judicial rulings have appeared in the court to reduce the rent of the property during the period of government closure, and here the comparison will be made between the provisions of Islamic Sharia, the Commercial Law, and the final rulings on the legality of reducing the rent.

The Practice and Case Law of Israel in Matters Related to International Law

1998 ◽  
Vol 32 (3) ◽  
pp. 475-527 ◽  
Author(s):  
Rotem M. Giladi
Keyword(s):  
International Law ◽  
Case Law ◽  
International Agreements ◽  
The State ◽  
International Treaties ◽  
Depth Analysis ◽  
The Status ◽  
The Government ◽  
State Of Israel ◽  
Regular Practice

On February 24, 1998, the government submitted the International Treaties (Approval by the Knesset) Bill, 1998 to the Knesset. This governmental bill represents the culmination of fifty years of exchange between the Executive and the Legislature concerning the constitutional authority to conclude international agreements on behalf of the State of Israel.Normally, it would have been preferable to await the completion of the enactment process before commenting on the new legislative arrangements. Due to the constitutional importance of the Bill and the fact that it raises several important questions, the regular practice will be abandoned in this case.Despite the availability of an abundance of materials on the treatymaking practice of the State of Israel and the status of treaties under municipal Israeli law both in English and in Hebrew, an in-depth analysis of the Bill requires an extensive expositionde lex lataon both these questions. Only then will the provisions of the Bill be presented. This will take the form of an issue-by-issue analysis, with conclusions drawn in each segment. The review will conclude with several additional observationsde lege ferenda.

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