Capital market instruments in the financing of local government units

2021 ◽  
Vol 28 (2) ◽  
pp. 85-100
Author(s):  
Jacek Stasiak
Keyword(s):  
Local Government ◽  
Capital Market ◽  
Municipal Bonds ◽  
Factors Affecting ◽  
The Capital Market

The aim of the article is to indicate the organised capital market as a place for raising capital for local government and municipal companies; the scope of regulations and knowledge about the capital market for local government units is presented, including studies on the assessment of factors affecting the development of LGUs using the issue of municipal bonds in the capital market.

scholarly journals An Empirical Study on Determinants of Business Performance of Korean Non-life Insurance Companies (Focused on ROA)

2019 ◽  
Vol 11 (10) ◽  
pp. 118
Author(s):  
Sang Youl Kim ◽  
Sang-Bum Park
Keyword(s):  
Capital Market ◽  
Business Performance ◽  
Total Asset ◽  
Insurance Companies ◽  
Profit Rate ◽  
Factors Affecting ◽  
Operating Profit ◽  
Total Capital ◽  
Before And After ◽  
The Capital Market

This study examines the total asset profitability, which is an indicator of business performance, using panel data for 10 years from 2005 to 2015 for 10 domestic insurance companies. We analyze the factors affecting the ROA, compare the differences between before and after the enactment of the Capital Market Act, and assess the level of total assets of domestic insurance companies. Total Asset Margins As a result of analyzing the eight independent variables in order to identify the factors that affect the dependent variable, the factors affecting the total asset margins are (4) investment operating profit, insurance operating profit, business expense, appear. Among them, investment profits were the most influential factors. On the other hand, the factors affecting (-) the total asset profitability were analyzed as total capital, premium, leverage, and loss ratio. In particular, the total amount of capital has the largest negative impact on total assets. As a result of analyzing whether or not the total assets profit rate before and after enforcement of the Capital Market Act is the same, ROA, leverage, and period of operation were found to be the same before and after the Capital Market Act. On the other hand, insurance premiums, insurance operating profits, investment operating profits, business expenses, loss ratios, and total capital were analyzed before and after the implementation of the Capital Market Act. According to the results of the analysis of the total assets profit rate and the amount of the premium insurance, the second group has a 0.4% lower ROA than the first group but the third group is 41.8% lower than the first group. In other words, it can be seen that the ratio of total assets is lower than that of large companies.

scholarly journals Analysis of Factors Affecting Public Interest in Investing in the Capital Market (Case Study on the Paluta Community)

2022 ◽  
Vol 3 (1) ◽  
Author(s):  
Epa Purnama Sari Harahap ◽  
Purnama Rahmadani Silalahi
Keyword(s):  
Mutual Funds ◽  
Public Interest ◽  
Capital Market ◽  
Investment Activity ◽  
Factors Affecting ◽  
The Capital Market

The purpose of this study is to find out how the Paluta community's opinion on the factors that influence people's interest in investing in the capital market, of the 28 respondents who filled out the questionnaire, the Paluta community knew what investment in the capital market was. And investment in the capital market is an investment activity in the form of buying company shares (securities). So by buying company shares, you become the owner of the company. In addition to stocks, investment products in the capital market are mutual funds and bonds.

scholarly journals Factors Affecting Student Invest in The Capital Market Through the Investment Gallery of Maarif Hasyim Latif University – Sidoarjo

2020 ◽  
Vol 17 (2) ◽  
pp. 236-247
Author(s):  
Adinda Rizky Maulidia ◽  
Darno Darno ◽  
Dewi Agustya Ningrum
Keyword(s):  
Capital Market ◽  
Capital Investment ◽  
Stock Exchange ◽  
Accounting Students ◽  
Validity And Reliability ◽  
Factors Affecting ◽  
Investment Return ◽  
Investment Capital ◽  
Investment Motivation ◽  
The Capital Market

The Indonesia Stock Exchange is intensively conducting a campaign with the theme "Let's Save Stocks" This campaign is intended to change the habits of the Indonesian people from the original savings habit now to become a habit of investing. The research aims to determine the effect of investment knowledge, investment capital, investment return, investment motivation, and investment galleries on the interest of investing in the capital market in S1 Accounting students at Maarif Hasyim Latif University - Sidoarjo.The method in this research is quantitative. The population in this study were S1 Accounting students in 2015. The samples in this study were 50 students. Data collection was carried out through a questionnaire. Instrument testing in the study used validity and reliability tests. Data analysis techniques using classical assumptions and multiple linear regression analysis.The results of the study of the influence of investment knowledge, investment capital, investment returns, investment motivation, and investment galleries on the interest of investing in the capital market on Umaha students showed that: (1) the variable of investment knowledge had no significant effect of 0.196> 0.05. (2) investment capital variable does not have a significant effect of 0.462> 0.05. (3) investment return variable has a significant effect of 0.005 <0.05. (4) investment motivation variables have a significant effect of 0.041 <0.05. (5) the investment gallery variable has no significant effect of 0.818> 0.05. (6) the independent variables jointly influence the dependent variables by 50.1%, while the remaining 49.9% are influenced by other variables not present in this study. 

scholarly journals The effect of the government bond value on the intermediary function of banks in the capital market of Indonesia

2020 ◽  
Vol 15 (3) ◽  
pp. 199-206
Author(s):  
Rosemarie Sutjiati Njotoprajitno ◽  
Bram Hadianto ◽  
Melvin
Keyword(s):  
Capital Market ◽  
Positive Impact ◽  
Control Variable ◽  
Simple Random Sampling ◽  
Government Bond ◽  
State Budget ◽  
Factors Affecting ◽  
Bad Loans ◽  
The Government ◽  
The Capital Market

The distribution of funds becomes the identity and function of banks. By performing this function well, the banks can get profit to survive. One of the considered factors affecting this channeling function is the issuance of government bonds to finance the state budget, which may be harmful to this bank channeling function. Therefore, to prove this situation, it is necessary to check a causal relationship between the government bond value and the bank intermediary function through this study, adding bank size and loans as a control variable. This study utilizes the banks listed on the capital market of Indonesia as the population. Furthermore, the Slovin formula and a simple random sampling method are employed to determine the number of banks to be the samples and take them. Also, the regression model with pooled data and the t-statistic test are used to estimate its coefficients and examine the proposed hypotheses, respectively. Overall, this study demonstrates that the government bond value positively affects the bank intermediary function. This indicates that the crowding-out does not exist. By this evidence, the government does not need to worry because this debt does not disturb the bank function to deliver the credit to society. Likewise, bank size and bad loans have a positive impact on this function. Thus, banks must be able to diversify risks among their assets and restructure bad loans when performing this function.

Institutional Investors on the Securities Market

2003 ◽  
pp. 95-101
Author(s):  
O. Khmyz
Keyword(s):  
Financial Crisis ◽  
Capital Market ◽  
Hedge Funds ◽  
Institutional Investors ◽  
Securities Market ◽  
Main Role ◽  
Investment Funds ◽  
Investment Process ◽  
The Capital Market

Acording to the author's opinion, institutional investors (from many participants of the capital market) play the main role, especially investment funds. They supply to small-sized investors special investment services, which allow them to participate in the investment process. However excessive institutialization and increasing number of hedge-funds may lead to financial crisis.

A Study on Factors Affecting on Customer Intention to Use the Express Bus

2018 ◽  
Vol 34 (5E) ◽  
Author(s):  
Phuong Nguyen Van ◽  
Hieu Trung Nguyen ◽  
Toan Bao Le
Keyword(s):  
Local Government ◽  
Service Quality ◽  
Behavioral Intention ◽  
Structural Equation ◽  
Perceived Value ◽  
Equation Model ◽  
Corporate Image ◽  
Organizational Image ◽  
Factors Affecting ◽  
Managerial Implications

The improvement of transit service quality is an essential role in developing urban and interstate transportation. The local government, as well as bus service companies, should understand the behavioral intention of passengers to meet their expectation and requirements. This paper aims to highlight such behavioral decision and investigate dominant factors that influence the customers’ decision to use the express bus. The study explores the case of express bus companies in Tay Ninh province, Vietnam. By using the structural equation model approach to analyze the data collected from 295 passengers, who have experienced in using the express bus, the results reveal that service quality has a significantly positive relationship with both perceived value and corporate image. Specifically, customer satisfaction and organizational image also positively influence behavioral intention. Meanwhile, service quality indirectly affects on behavioral intention throughout perceived value and corporate image. Based on the findings, we provided some insightful managerial implications and recommendations to managers of bus carriers, and valuable practical suggestions to policymakers in the local government of Tay Ninh province to improve the service quality to encourage more citizens to use the express bus.

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