scholarly journals An Analysis of the Relationship Between Equity and Composite Index in Bursa Malaysia

2020 ◽  
Vol 4 (1) ◽  
pp. 4-14
Author(s):  
Fauziah Mahat ◽  
Aminah Shari ◽  
Ahmed Mohamed Dahir
Keyword(s):  
Wavelet Analysis ◽  
Composite Index ◽  
Equity Returns ◽  
Least Square ◽  
Portfolio Diversification ◽  
Ordinary Least Square ◽  
Daily Data ◽  
Industrial Plantation ◽  
Policy Measures ◽  
The Relationship

This paper examines the relationship between sectoral equity and composite index in Bursa Malaysia. The relationship between equity returns and composite index is investigated using correlation-based on Ordinary Least Square (OLS) and signal decomposition techniques based on wavelet analysis. The paper uses daily data from 1999 to 2019. The OLS result indicated that majority of sectoral equity have a higher correlation with the composite index except in tin and mining sector. The wavelet analysis indicates a majority of sectors are strongly co-move. For all indices, there are lead/lag relationships between the indices except for industrial, plantation, tin mining and trade, and services. The findings have important implications for helping individual and institutional investors to understand the co-movement of equity sectors and then formulate policy measures that encourage better portfolio diversification.

scholarly journals Currency Exposure and Time Scales: Application of Wavelet Method to Malaysian Non-financial Firms

2019 ◽  
Vol 8 (3S3) ◽  
pp. 187-192
Keyword(s):  
Wavelet Analysis ◽  
Stock Prices ◽  
Least Square ◽  
Exposure Level ◽  
Investment Horizon ◽  
Ordinary Least Square ◽  
Financial Firms ◽  
Daily Data ◽  
Currency Exposure ◽  
Initial Prediction

The paper estimates the multiscale relationship between stock prices and exchange rates of 75 Malaysian non-financial firms by applying the wavelet analysis on daily data running from 1995 to 2016. The analysis is done for the overall sample and also by segregating the selected firms into 15 industries in Malaysia. Results from the ordinary least square (OLS) regression are also obtained for comparison purpose. The beta coefficients of exposure are shown to exhibit multiscale tendency in all analyses. Higher exposure is recorded at higher timescale for the overall and negative exposure, confirming the initial prediction of higher exposure in wider investment horizon. The study also shows higher wavelet exposure at high scale compared to the exposure obtained from the OLS estimate, providing support on the higher measurement power of the wavelet analysis to study the exposure level.

The Impact of Competitive Quasi-Market on Service Delivery in Benue State University, Makurdi Nigeria

GIS Business ◽  
2019 ◽  
Vol 14 (4) ◽  
pp. 85-98
Author(s):  
Idoko Peter
Keyword(s):  
Service Delivery ◽  
A Priori ◽  
Least Square ◽  
Secondary Source ◽  
State University ◽  
Ordinary Least Square ◽  
Negative Effect ◽  
The Impact ◽  
The Relationship

This research the impact of competitive quasi market on service delivery in Benue State University, Makurdi Nigeria. Both primary and secondary source of data and information were used for the study and questionnaire was used to extract information from the purposively selected respondents. The population for this study is one hundred and seventy three (173) administrative staff of Benue State University selected at random. The statistical tools employed was the classical ordinary least square (OLS) and the probability value of the estimates was used to tests hypotheses of the study. The result of the study indicates that a positive relationship exist between Competitive quasi marketing in Benue State University, Makurdi Nigeria (CQM) and Transparency in the service delivery (TRSP) and the relationship is statistically significant (p<0.05). Competitive quasi marketing (CQM) has a negative effect on Observe Competence in Benue State University, Makurdi Nigeria (OBCP) and the relationship is not statistically significant (p>0.05). Competitive quasi marketing (CQM) has a positive effect on Innovation in Benue State University, Makurdi Nigeria (INVO) and the relationship is statistically significant (p<0.05) and in line with a priori expectation. This means that a unit increases in Competitive quasi marketing (CQM) will result to a corresponding increase in innovation in Benue State University, Makurdi Nigeria (INVO) by a margin of 22.5%. It was concluded that government monopoly in the provision of certain types of services has greatly affected the quality of service experience in the institution. It was recommended among others that the stakeholders in the market has to be transparent so that the system will be productive to serve the society effectively

scholarly journals Does Foreign Direct Investment Influence Renewable Energy Consumption? Empirical Evidence from South Asian Countries

Energies ◽  
2021 ◽  
Vol 14 (12) ◽  
pp. 3470
Author(s):  
Xueqing Kang ◽  
Farman Ullah Khan ◽  
Raza Ullah ◽  
Muhammad Arif ◽  
Shams Ur Rehman ◽  
...  
Keyword(s):  
Foreign Direct Investment ◽  
Renewable Energy ◽  
Sri Lanka ◽  
South Asian ◽  
Environmental Sustainability ◽  
Direct Investment ◽  
Least Square ◽  
Asian Countries ◽  
Ordinary Least Square ◽  
The Relationship

In selected South Asian countries, the study intends to investigate the relationship between urban population (UP), carbon dioxide (CO2), trade openness (TO), gross domestic product (GDP), foreign direct investment (FDI), and renewable energy (RE). Fully modified ordinary least square (FMOLS) and dynamic ordinary least square (DOLS) models for estimation were used in the study, which covered yearly data from 1990 to 2019. We used Levin–Lin–Chu, Im–Pesaran–Shin, and Fisher PP tests for the stationarity of the variables. The outcomes of the panel cointegration approach looked at whether there was a long-run equilibrium nexus between selected variables in Pakistan, Bangladesh, India, and Sri Lanka. The FMOLS approach was also used to assess the relationship, and the results suggest that there is a significant and negative nexus between FDI and renewable energy in south Asian nations. The study’s findings reveal a strong and favorable relationship between GDP and renewable energy use. In South Asian nations (Sri Lanka, Pakistan, India, and Bangladesh), the FMOLS and DOLS findings are nearly identical, but the authors used the DOLS model for robustification. According to the findings, policymakers in South Asian economies (Sri Lanka, Pakistan, India, and Bangladesh) should view GDP and FDI as fundamental policy instruments for environmental sustainability. To reduce reliance on hazardous energy sources, the government should also reassure financial sectors to participate in renewable energy.

scholarly journals Does National Culture Have Any Impact on E-Government Usage?

2018 ◽  
Vol 9 (3) ◽  
pp. 29-45 ◽  
Author(s):  
Mohammad I. Merhi
Keyword(s):  
National Culture ◽  
World Bank ◽  
Cultural Dimensions ◽  
Least Square ◽  
Truncated Regression ◽  
Literacy Rate ◽  
Ordinary Least Square ◽  
Actual Usage ◽  
The Relationship ◽  
Socio Economic Factors

The motivation of this article was the lack of empirical evidence regarding the relationship between culture and actual usage of ICTs/e-government. By using Hofstede's cultural framework, this article explains the influence of national culture on e-government usage across countries controlled by socio-economic factors, specifically, GDP and literacy rate. Data was collected from reputable organizations such as World Bank databases and Hofstede's website. Ordinary least square and truncated regression are used to test the hypotheses presented in this article. Results indicate that nearly all Hofstede's cultural dimensions and e-government usage are significantly related. In particular, this article indicates that the usage of e-government is higher in nations that score low in power distance, uncertainty avoidance, individualism and masculinity.

scholarly journals MODEL KEPUTUSAN PEMBELIAN PAKAIAN BATIK DAN TINGKAT KEPUASAN KONSUMEN

2020 ◽  
Vol 6 (1) ◽  
pp. 67-74
Author(s):  
Hani Ernawati ◽  
Fitriana Fitriana
Keyword(s):  
Customer Satisfaction ◽  
Product Quality ◽  
Consumer Satisfaction ◽  
Least Square ◽  
Market Demand ◽  
Purchasing Decision ◽  
Ordinary Least Square ◽  
Satisfaction Index ◽  
Quality Product ◽  
The Relationship

Batik is a craft that has high artistic value and has become part of Indonesian culture that must be preserved. The level of consumer satisfaction towards Batik has to be known in order to understand the market demand, as well knowing the influencing factors that have postive effect on purchasing decision of Batik. The purposes of this study are (1) measures customer satisfaction levels of batik clothing, (2) measures the influence of quality product, brand, price, and access toward purchasing decision. Method - A total of 120 respondents were asked to rate their assesment on product quality, brand, price and access to get Batik clothes and their purchasing decision. Analysis of customer satisfaction used Consumer Satisfaction Index. The relationship between quality product, brand, price, and access toward purchasing decision determined by regression analysis Ordinary Least Square. The result of this study revealed that consumers’ satisfaction toward Batik clothes included in term of satisfied category. Brand and price had positive effect on purchasing decision, but product quality and accesibity didn’t.

scholarly journals A Study on the Relationship between Earnings Quality and Capital Cost-Takes the China Listed Companies as a Sample

2021 ◽  
pp. 48-56
Author(s):  
Chih-Yi Hsiao ◽  
Hui-Hui Kuang ◽  
Hui-Ling Li ◽  
Jia-Li Liu
Keyword(s):  
Earnings Management ◽  
Earnings Quality ◽  
Least Square Method ◽  
Listed Companies ◽  
Capital Cost ◽  
Least Square ◽  
Accounting System ◽  
Ordinary Least Square ◽  
Research Findings ◽  
The Relationship

The phenomenon of false financial statements still exists. However, in addition to the risk of being punished, what kind of price do companies have to pay? In recent decades, with China's rapid progress in economic, the relevant accounting system and corporate governance standards are actively improving, and the earnings quality is improving. This paper takes China's listed companies from 2015 to 2019 as samples, and adopts quantile regression supplemented by ordinary least square method to explore the relationship between earnings quality and capital cost. The research findings show that the higher the earnings management, the higher the capital cost, especially for the company with low capital cost. Nevertheless, for the extremely company with high capital cost, earnings management can reduce the capital cost. The research results can provide the focus of regulators of listed companies and reference for the revision of relevant accounting system.

scholarly journals The Role of Political Connections on Family Firms’ Performance: Evidence from Indonesia

2019 ◽  
Vol 7 (4) ◽  
pp. 55 ◽  
Author(s):  
Iman Harymawan ◽  
Mohammad Nasih ◽  
Muhammad Madyan ◽  
Diarany Sucahyati
Keyword(s):  
Family Firms ◽  
Stock Exchange ◽  
Least Square ◽  
Political Connections ◽  
Family Ownership ◽  
Ols Regression ◽  
Ordinary Least Square ◽  
Relationship Of ◽  
The Relationship

The purpose of this study is to investigate the relationship of firms with family ownership and their performance in Indonesia and further examine on how political connections affect this relationship. This study used 933 samples from 413 companies listed on the Indonesia Stock Exchange (IDX) in the period between 2014 and 2016. Using ordinary least square (OLS) regression, the results shows that firms without family ownership (non-family firms) have better performance than firms with family ownership (family firms) in Indonesia. Furthermore, the findings also show that the performance of family firms significantly improve when the firms are affiliated with political connections. Our findings imply that establishing political connections in family firms will increase the performance of the firms.

Determinants of Taxable Capacity in Nigeria

2018 ◽  
Vol 4 (6) ◽  
pp. 42-51
Author(s):  
Bassey Eyo Bassey ◽  
Eme J. Efiong
Keyword(s):  
Global Market ◽  
Least Square ◽  
Economic Openness ◽  
Ordinary Least Square ◽  
Secondary Sources ◽  
Test Of Hypotheses ◽  
Effective Administration ◽  
Level Of Economic Development ◽  
The Government ◽  
The Relationship

This study is centered on the determinants of taxable capacity in Nigeria, with taxable capacity viewed as the ability of the taxed person to bear the burden of the tax in relation to their source of income without experiencing a reduction in standard of living, or margin of profit and investment in the case of firms. The study employed desk survey research design, and data obtained from secondary sources and analysis conducted using the ordinary least square technique. The results from the regression analysis and the test of hypotheses revealed that the relationship between inflation and taxable capacity in Nigeria was negative and statistically insignificant. Also, the results showed that both the degree of economic openness and the level of economic development positively and significantly affected taxable capacity in Nigeria. The study recommended that the Nigerian government should create an enabling environment that will facilitate international trade and provide the necessary facilities for the efficient and effective administration of taxes on the income generated from the global market as these will go a long way in providing revenue for the government.

Cashless Payments and its Impact on Inflation

2020 ◽  
Vol 7 (9) ◽  
pp. 524-532
Author(s):  
Pisi Bethania Titalessy
Keyword(s):  
Credit Card ◽  
Least Square ◽  
Research Approach ◽  
Electronic Money ◽  
Ordinary Least Square ◽  
Cash Transaction ◽  
Speed Up ◽  
Using Data ◽  
Relationship Of ◽  
The Relationship

Payment with a non-cash system can simplify transactions and are increasingly used. The advantages of non-cash payments are not only due to convenience, speed up transaction time, and time savings but also the benefits that can reduce the circulation of money in the community. The less the amount of physical money in circulation, it will indirectly affect the inflation rate. However, there are inconsistency of research results regarding the relationship of non-cash transactions and inflation. These issues constitute a research gap on cashless payments and inflation in Indonesia. This study aims to prove the relationship between cashless payments and inflation in Indonesia. Using data from Central Bureau of Statistics Republic of Indonesia and Bank Indonesia over the period 2019-2020Q2, the results confirm that electronic money decrease inflation. The research approach in this study focuses on quantitative analysis using the Ordinary Least Square (OLS) method. The results of this study indicate that partially the relationship between debit card transactions and inflation has no significant effect. Credit card transactions have no significant effect on inflation, while electronic money transactions have a significant effect on inflation in Indonesia. Non-cash transactions intensified by Bank Indonesia through the cash-less society need to be considered more with the public's understanding of the use of non-cash transaction instruments so that the use of non-cash transactions in Indonesia is not only used for cash withdrawals but is used in every transaction.

scholarly journals The Effect of Central Bank Independence on Price Stability: The Case of Indonesia

2013 ◽  
Vol 15 (4) ◽  
pp. 353-376
Author(s):  
Yessy Andriani ◽  
Prof. Prasanna Gai
Keyword(s):  
Central Bank ◽  
Error Correction ◽  
Central Bank Independence ◽  
Least Square ◽  
Price Stability ◽  
Inflation Target ◽  
Partial Adjustment ◽  
Correction Model ◽  
Ordinary Least Square ◽  
The Relationship

This paper investigates the relationship between central bank independence (CBI) and inflation in Indonesia during 1970-2006. Using partial adjustment Ordinary Least Square (OLS) and Engel Granger Error Correction Model, the result shows that legal CBI index inversely affect the inflation, while the turnover of governor is not significant. This result emphasizes Bank Indonesia to strengthen its independency in order to achieve his inflation target. Keywords: Central bank independency, Inflation, Error Correction Model.JEL Classification : C32, E58

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