scholarly journals Idiosyncratic Risk and Firm Characteristics on Islamic Stocks of Four Asean Countries 2005–2017

2021 ◽  
Vol 21 (3) ◽  
pp. 1226-1238
Author(s):  
Putri Utami ◽  
Muhammad Budi Prasetyo
Keyword(s):  
Panel Data ◽  
Global Financial Crisis ◽  
The United States ◽  
Idiosyncratic Risk ◽  
Idiosyncratic Volatility ◽  
Firm Characteristics ◽  
Panel Data Regression ◽  
Data Regression ◽  
Asean Countries ◽  
The Relationship

This research investigates idiosyncratic volatility in the Islamic stock of four ASEAN countries, namely Indonesia, Malaysia, Singapore, and Thailand for 2005–2017. The volatility will be analyzed based on the idiosyncratic volatility levels of each country. Furthermore, firm characteristics will be used to determine their relationship to the idiosyncratic volatility movement. This study used the Fama-French Three-Factor model for obtaining the realized value of idiosyncratic volatility. Furthermore, a panel data regression is used to estimate the relationship between firm characteristics and idiosyncratic volatility. The results of this research suggest that mean value of idiosyncratic risk in the Islamic stock of ASEAN countries is below the non-Islamic stock in the United States but above non-Islamic stock in Hong Kong. Meanwhile, after the global financial crisis of 2008, the relationship between return and idiosyncratic risk of Islamic stock changed in all four countries. Panel data regression of firm characteristics shows that firm size is significantly negative in all four countries, while share turnover is insignificant to idiosyncratic volatility.

scholarly journals Capital Structure of Companies Listed at the Warsaw Stock Exchange and the COVID-19 Pandemic Effect on Their Risk

2021 ◽  
Vol 4 (32) ◽  
pp. 153-166
Author(s):  
Jerzy Gajdka ◽  
Marek Szymański
Keyword(s):  
Panel Data ◽  
Capital Structure ◽  
Financial Management ◽  
Stock Exchange ◽  
Idiosyncratic Risk ◽  
Total Risk ◽  
Panel Data Regression ◽  
Data Regression ◽  
Warsaw Stock Exchange ◽  
The Relationship

Subject: The financial management of companies is examined in the context of the COVID-19 pandemic. Specifically, the relationship between their capital structure and risk changes during the pandemic is scrutinised. The purpose of the article: To determine how companies’ total, systematic and idiosyncratic risks changed during the COVID-19 pandemic depending on their capital structure based on a sample of organisations listed at the Warsaw Stock Exchange. Methodology: The study involves the use of a panel data regression model. Results of the research: The COVID-19 pandemic had an impact on the risk of overleveraged companies and underleveraged ones alike. Its influence on their total risk was weaker among the underleveraged organisations. Regarding systematic risk, its levels did not generally change significantly in the wake of the pandemic, but idiosyncratic risk, only in the case of the overleveraged companies increased statistically significantly.

scholarly journals Analisis Faktor-Faktor yang Mempengaruhi Jumlah Penduduk di Kota Semarang Menggunakan Metode Regresi Data Panel

2019 ◽  
Vol 12 (2) ◽  
pp. 36-41
Author(s):  
Prizka rismawati Arum
Keyword(s):  
Panel Data ◽  
Random Effect ◽  
Geographical Area ◽  
Random Effect Model ◽  
Factors Affecting ◽  
Effect Model ◽  
Panel Data Regression ◽  
Data Regression ◽  
The Relationship ◽  
Number Of Births

Residents are all people who live in the geographical area of Indonesia for six months or more and or those who have been domiciled for less than six months but aim to settle. Population growth is caused by two components, namely: fertility and mortality. To find out how big the relationship between the  population and the number of births and deaths in each sub-district of Semarang, must observed in several specific time periods and places at once. So in this study, the panel data regression method was used. In panel data regression testing, the results show that the panel data regression model formed to determine the factors that influence the level of population is the random effect model. In this model all assumptions are fulfilled. Significant factors affecting population are number of births. Births and deaths affect the population of 99.95% and the remaining 0.05% is influenced by other factors not examined Penduduk adalah semua orang yang berdomisili di wilayah geografis Indonesia selama enam bulan atau lebih dan atau mereka yang berdomisili kurang dari enam bulan tetapi bertujuan menetap. Pertumbuhan penduduk diakibatkan oleh dua komponen yaitu: fertilitas dan mortalitas. Untuk mengetahui seberapa besar keterkaitan antara jumlah penduduk dengan jumlah kelahiran dan kematian di setiap kecamataan Kota Semarang, harus diamati dalam beberapa periode waktu tertentu dan beberapa tempat secara bersamaan. Sehingga dalam penelitian ini digunakan metode regresi data panel. Dalam pengujian regresi data panel, didapatkan hasil bahwa Model regresi data panel yang terbentuk untuk mengetahui faktor-faktor yang mempengaruhi tingkat jumlah penduduk adalah model random Effect. Pada model tersebut semua asumsi terpenuhi. Faktor yang signifikan mempengaruhi jumlah penduduk adalah jumlah kelahiran. Kelahiran dan kematian mempengaruhi jumlah penduduk sebesar 99.95% dan sisanya sebesar 0.05% dipengaruhi oleh faktor- faktor lain yang tidak di teliti.    

scholarly journals Effect of Macroeconomic Variables and Tax Rates on the Six ASEAN Countries Tax Ratio

2020 ◽  
Vol 10 (1) ◽  
pp. 45-52
Author(s):  
Effria Wijayanti Wahyuningsih ◽  
Milla Sepliana Setyowaty
Keyword(s):  
Stable Process ◽  
Least Square ◽  
Tax Rates ◽  
The Public ◽  
Asean Member ◽  
Panel Data Regression ◽  
Data Regression ◽  
Asean Countries ◽  
The Impact ◽  
The Relationship

The tax sector supports a stable process of economic growth and the tax ratio is considered an indicator that can be used to assess the performance of the taxation sector. This study examines the impact of macroeconomic and tax rates on the magnitude of the tax ratio in the case of six ASEAN member countries during the period 1998 to 2018. Data processing was performed using panel data regression using the Generalized Least Square (GLS) method with the STATA program. This study has very interesting results because inflation has a significant influence on the level of a country's tax ratio. The relationship between inflation and taxes is said to be positive, so any increase or decrease in inflation will also cause an increase or decrease also in the taxation sector. In other words, inflation and taxes move in the same direction but with different magnitudes. Countries with a stable macroeconomic situation will create greater opportunities for investment and more jobs are created. This will further increase the purchasing power of consumers and assume the tax burden will be easy for the public

Islamic banks’ fee income, characteristics and risk: Panel data analysis evidence from Indonesia

2018 ◽  
Vol 6 (1) ◽  
pp. 6 ◽  
Author(s):  
Siti Sarah Mat Isa ◽  
Masturah Ma’in ◽  
Azlina Hanif
Keyword(s):  
Regression Analysis ◽  
Panel Data ◽  
Panel Data Analysis ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Operating Income ◽  
Panel Data Regression ◽  
Data Regression ◽  
The Us ◽  
The Relationship

One of the non-operating income in Islamic banking operation, which is fee income has become progressively vital in expanding their income to counter decreasing net earnings due to rivalry from other financial competitors. However, it is important for Islamic banks to find out any potential risk that will distress their performance due to this activity. This is because, mixed results on this issue derived from the previous studies especially in the Western context such as in the US, Germany and other European countries. Using Indonesian Islamic bank’s quarter data between 2009 and 2013, this study adopts the panel data regression analysis to examine the relationship between Indonesian Islamic banks fee income and risk. The empirical results signified that fee income activities able to reduce Indonesian Islamic bank’s risk.  

scholarly journals FIRM CHARACTERISTICS AND EARNINGS MANAGEMENT IN LISTED SINGAPOREAN CORPORATIONS

2021 ◽  
Vol 13 (2) ◽  
pp. 72-81
Author(s):  
Efva Octavina Donata Gozali ◽  
Ruth Samantha Hamzah ◽  
Chomsah Novianti Pratiwi ◽  
Marissa Octari
Keyword(s):  
Panel Data ◽  
Earnings Management ◽  
Firm Size ◽  
Stock Exchange ◽  
Investment Decisions ◽  
Firm Characteristics ◽  
Analysis Method ◽  
Firm Age ◽  
Panel Data Regression ◽  
Data Regression

The study aims to examine the association of firms characteristics comprise of firm age, firm size, leverage, and profitability to earnings management (EM). The data is collected from listed Singaporean corporation in Singapore stock exchange (SGX) in the period of 2017 and 2018. Purposive sampling and panel data regression were employed as the sampling and analysis method, respectively. Our results are based on a large sample of 852 firm-year observations. The results show that firm age and firm size significantly affected EM, meanwhile, leverage and profitability indicate insignificant effects to EM. In addition, these results provide information to investors and potential investors regarding future investment decisions.

Social Factors Associated with the Decline in Caries in Brazilian Children between 1996 and 2010

2016 ◽  
Vol 50 (6) ◽  
pp. 551-559 ◽  
Author(s):  
Angelo Giuseppe Roncalli ◽  
Aubrey Sheiham ◽  
Georgios Tsakos ◽  
Georgia Costa de Araújo-Souza ◽  
Richard G. Watt
Keyword(s):  
Panel Data ◽  
Dental Caries ◽  
Human Development ◽  
Social Factors ◽  
Fixed Effects ◽  
Secondary Analysis ◽  
Panel Data Regression ◽  
Data Regression ◽  
The Relationship ◽  
Brazilian Children

Dental caries levels have declined in children since the 1970s in many countries. Most of the postulated main reasons for the decline are speculative and have not been rigorously evaluated. The objective of this study was to assess the relationship between some social factors and the decline in dental caries in Brazilian 12-year-old children from 1996 to 2010. Secondary analysis of national data was performed in 27 Brazilian state capitals. A panel data regression model with fixed effects and multiple linear regression were used to verify the relationship between the explanatory and the dependent variables and also the time-trend effect. The results showed that the DMFT (decayed, missing, and filled teeth) decreased by about 3% per year, and the percentage of caries-free children increased by 4.5% per year. For DMFT and percentage caries free, the results for the panel data regression showed a significant association for the Human Development Index (HDI) in the adjusted model (p = 0.010). When the overall changes over time were compared, the Gini index had a significant association with the overall change in DMFT in the final model of the multiple regression analysis (p = 0.033). Our results indicate that the maintenance of good levels of human development, which includes better education, income, and longevity, are important factors relating to improving levels of oral health in 12-year-old Brazilian children. However, to accelerate this process in cities with the worst caries situation, income inequality should be tackled.

scholarly journals PENENTUAN KARAKTERISTIK PARIWISATA DAN MODEL JUMLAH WISATAWAN UNTUK KABUPATEN/KOTA DI PROVINSI ACEH

2016 ◽  
Vol 16 (1) ◽  
pp. 43-50
Author(s):  
Nurhasanah Nurhasanah ◽  
Nany Salwa ◽  
Nelva Amelia
Keyword(s):  
Panel Data ◽  
Fixed Effect Model ◽  
Fixed Effect ◽  
Regional Government ◽  
Tourist Attractions ◽  
Tourist Destinations ◽  
Effect Model ◽  
Panel Data Regression ◽  
Data Regression ◽  
The Relationship

Tourism is one of the primary sectors that is expected to increase the regional government income. Therefore there is a need to observe the factors that affect the successfulness of tourism factors and products offered. Tourism products can be tourist destinations, where the characteristics of that particular destination can affect the decisions made by the tourist to return the place again. The characteristics of tourism in Aceh can be analyzed by using biplot analysis. Meanwhile, the effects of tourism characteristics on the number of tourists in Aceh from the year 2008 until 2013 is analyzed using panel data regression analysis that is approached by Fixed Effext Model (FEM). Based on the biplot graph, the cities that are superior in their number of all tourism products are Sabang and Banda Aceh. Cities other than these two cities tend to have a lower number of their tourism products. The biplot graph can explain the relationship between the variables of tourism products by 83.8%. Based on the model of fixed effect panel data, Aceh tourism products that affect the number of tourists in Aceh is the number of accommodations, restaurants, and tourist attractions. Fixed effect model explain correlation between the variables of tourism products to the number of tourists in Aceh by 78.8%.

scholarly journals How is Size Related to Profitability? Post-Consolidation Evidence from Selected Banks in Nigeria

2016 ◽  
Vol 5 (4) ◽  
pp. 30-38 ◽  
Author(s):  
Funso Kolapo ◽  
Lawrence Ajayi ◽  
Olufemi Aluko
Keyword(s):  
Panel Data ◽  
Firm Size ◽  
Negative Relationship ◽  
Regression Method ◽  
Return On Assets ◽  
Bank Profitability ◽  
Panel Data Regression ◽  
Data Regression ◽  
Firm Profitability ◽  
The Relationship

It is theoretically believed that increase in firm size would result to increase in firm profitability. Therefore, this study examines the relationship between size and profitability of six banks in Nigeria after the 2005 consolidation exercise. The measure of profitability is return on assets. Employing the static panel data regression method, the study found that size has an insignificant negative relationship with bank profitability. This study concludes that the 2005 consolidation exercise did not enhance the profitability of the selected banks.

scholarly journals The Effect of Capital Structure on Profitability: An Empirical Panel Data Study

2019 ◽  
Vol 8 (1) ◽  
pp. 65-77 ◽  
Author(s):  
Narinder Pal Singh ◽  
Mahima Bagga
Keyword(s):  
Panel Data ◽  
Capital Structure ◽  
Fixed Effects ◽  
Regression Models ◽  
Positive Impact ◽  
Stock Exchange ◽  
Panel Data Regression ◽  
Data Regression ◽  
The Individual ◽  
The Relationship

One of the most perplexing issues faced by finance managers is to know about the effect of capital structure on the profitability of firm. Many studies have been carried out to examine the effect of capital structure on the profitability of firms, but most of them belong to other parts of the world, and only few studies have been conducted in India. Thus, the present study has been undertaken to evaluate the effect of capital structure on the profitability of Nifty 50 companies listed on National Stock Exchange of India from 2008 – 2017. The data has been analyzed by using descriptive statistics, correlation and multiple panel data regression models. Four different regression models have been used to study the relationship between capital structure and profitability. In these models, we study the individual effect of total debt and total equity ratios on profitability, that is, ROA and ROE. All four models have been tested with pooled OLS, fixed effects, and random effects. We conclude that there is significant positive impact of capital structure on firm’s profitability.

Relationship between ownership concentration and financial performance of deposit money banks in Nigeria: Does a turning point exist?

2019 ◽  
Vol 7 (2) ◽  
pp. 32 ◽  
Author(s):  
Junaidu Muhammad Kurawa ◽  
Umar Habibu Umar
Keyword(s):  
Panel Data ◽  
Financial Performance ◽  
Linear Relationship ◽  
Turning Point ◽  
The Other ◽  
Ownership Concentration ◽  
Annual Reports ◽  
Panel Data Regression ◽  
Data Regression ◽  
The Relationship

This study seeks to establish a non-linear relationship between ownership concentration and financial performance of the listed Deposit Money Banks (DMBs) in Nigeria. The data were extracted from the annual reports and accounts of six (6) sampled DMBs from 2003 to 2014.  A panel data regression technique was used to analyse the data collected. The study establishes that the relationship between ownership concentration and the financial performance of listed DMBs in Nigeria changes from negative to positive when the ownership concentration reaches 54.94%. This signifies that the relationship between ownership concentration and financial performance is negative if the concentration is below 54.94%. On the other hand, the relationship is positive if it is concentrated above 54.94%.  Hence, it is recommended that the ownership of DMBs should not be concentrated below the cut-off point (54.94%) with the view to earning profits.

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