Open Access Original Research Article

Foreign Direct Investment and Poverty Reduction in Nigeria: Implication for Sustainable Development

Chinwe Monica Madueke, Chinwe Ann Anisiobi, Joan Nwamaka Ozoh

Asian Journal of Economics, Business and Accounting, Page 1-12
DOI: 10.9734/ajeba/2022/v22i24889

The study examined the impact of Foreign Direct Investment on poverty reduction with implication on Sustainable development in Nigeria using Autoregressive Distributed Lag (ARDL) model technique on times series data collected from 1985 to 2020. Unit root test using Augmented Dickey-Fuller (ADF) found that Poverty Head Count Ratio (PHCR), Gross fixed capital formation (GFCF) and Real Exchange rate (REXR) are integrated of order 1(1) while Foreign Direct Investment (FDI) is integrated of order 1(0). The results show that FDI has a negative impact on poverty reduction in Nigeria and ARDL Bounds test result shows that there is a long run relationship among all the variables. Finally, lag value result indicates that gross fixed capital formation has a significant impact on poverty head count ratio in Nigeria. In view of these findings, the study concluded and recommended that FDI policies must be checked closely in order to make FDI growth enhancing in Nigeria so as to achieve Sustainable Development Goals (SDGs) one. Government should also encourage gross fixed capital formation to reduce poverty in Nigeria.

Open Access Original Research Article

Factors Associated with the Extent of Usage of Accounting Information by the Public Accounts Committee in Tanzania Public Corporations

Asifiwe Enock Kyando, Abdiel Abayo, Gwahula Raphael

Asian Journal of Economics, Business and Accounting, Page 13-28
DOI: 10.9734/ajeba/2022/v22i24890

This study aims to examine expectations on content of accounting information and ability to interpret accounting information as associated factors on the extent of usage of accounting information in Tanzania public corporations. The usage of accounting information by politicians in the world context have led to mixed results.Further, the use of accounting information by Public Accounts Committee (PAC) in monitoring public corporations has not been consistent, hence calling for an examination on the practice to get insights explaining the extent of usage of accounting information. Data for the study were gathered using a survey instrument from Public accounts committee members and ex-members from 2005 to 2022. The study used Partial Least Square Structural Equation Modeling [PLS- SEM] to analyze data. Findings reported coefficient determination (R2) of 0.640 that explained a 64% variation in the extent of usage of accounting information as a dependent construct. The study found that expectations on content of accounting information and ability to interpret accounting information were positively and statistically significant as factors associated with the extent of usage of accounting information in Tanzania public corporations. Thus, the study strongly recommends to the Parliament, Regulators, practitioners, and other relevant stakeholders, to consider the findings of this study to enhance the extent of usage of accounting information. This can be done through crafting and implementing policy making for usefulness of accounting information driven by the Public Accounts Committee needs. Besides, the producers of accounting information must ensure accounting information possesses a quality, relevance, and appropriateness to influence the ability to interpret accounting information and meet expectations on content of accounting information, hence improving the extent of usage of accounting information in Tanzania public corporations.

Open Access Original Research Article

Corporate Mergers, Acquisitions and Value Creation of Firms in Nigeria

Josephine Olohije Abode, Sunday Osaretin Igbinosa

Asian Journal of Economics, Business and Accounting, Page 29-40
DOI: 10.9734/ajeba/2022/v22i24891

This study seeks to scrutinize the effect of corporate mergers, acquisition and value creation of firms in Nigeria and to identify areas of synergy. The study employed secondary data collected from the bank’s annual report. The data collected covered a period of fourteen years, which is divided into the pre and post-merger periods of seven years respectively. The study adopted panel least square estimation technique and other estimation for the analysis. The study finds out that shareholders’ funds and earnings per share are significant in determining the return on asset. Also shareholders’ funds and total asset values are statistically significant in the pre-merger periods in determining return on asset. That profit after tax is statistically significant in explaining financial efficiency in the pre-merger periods; the study concludes that there was increase in the shareholders’ funds for the post-merger periods.

Open Access Original Research Article

Perceptions of Post Graduate Students towards UPI Transactions - A Study

Kanchu Thirupathi, Ravi Akula

Asian Journal of Economics, Business and Accounting, Page 48-57
DOI: 10.9734/ajeba/2022/v22i24893

Unified Payments Interface (UPI) is a technology that powers several bank accounts into a single mobile application, unifying several banking services, smooth fund routing, and merchant payments into one hood. The overall significance of UPI stems from the RBI's and the government's strong ambition and determination to develop a low-cost, easy, and secure digital payment system for the country's enormous population. The RBI and the NPCI have made remarkable efforts to spread the culture of digital payments. Due simplicity, no costs involvement and other reasons the number of UPI transactions are increasing at a faster rate. The portion of young generation in general and students in particular is very significant in transacting through UPI. The present paper is a modest attempt to study and analyse the perceptions of PG students of Satavahana University, Karimnagar, Telangana State. It is found that most of the PG students are approaching UPI for mobile recharge and fund transfer purpose.

Open Access Original Research Article

COVID-19 Pandemic and the Performance of Listed Securities: Evidence from the Nairobi Securities Exchange in Kenya

Loice Koskei, Joab Ooko, Rhoda Chumba

Asian Journal of Economics, Business and Accounting, Page 58-66
DOI: 10.9734/ajeba/2022/v22i24894

The Novel Covid-19 disease led to panic that resulted to volatility of stock prices across the securities exchange in the world. This saw foreign investors liquidating their positions for fear of a market crash in Nairobi Securities exchange (NSE). The specific objective of this research was to find out whether Covid-19 pandemic had an effect on the performance of listed securities at the NSE in Kenya. Daily data for 5 months, 154 days since the period 13th March 2020 to 14 August 2020 was utilized. The study applied linear regression analysis model to find out the effect of Covid-19 daily cases on the performance of listed securities at the NSE in Kenya. The study findings revealed that Covid-19 daily cases and weather changes had a negative and statistically significant effect on the performance of listed securities at the NSE. The results inferred that Covid-19 daily cases affected the performance of listed stocks at the NSE since the announcement of the first Coronavirus cases in Kenya. The findings from this study are useful for policy implications as it provides guidance to policy makers to institute applicable policy reactions in line with the course of current coronavirus pandemic or during future pandemics of similar nature.

Open Access Original Research Article

Contribution of a Bodaboda Transport Business to the Level of Income: A Case of Bodaboda Riders in Dodoma City-Tanzania

Ibrahim A. Hussein, Innocent Fabiano Mpeta, Stanslaus Paul Mkoba

Asian Journal of Economics, Business and Accounting, Page 67-76
DOI: 10.9734/ajeba/2022/v22i24895

The study assessed the contribution of the bodaboda business to income improvement among riders in Dodoma City Council found in the central part of Tanzania. The focus was to identify the level of income of bodaboda riders after employing themselves in this transport business. The study adopted a cross-sectional research design, and structured questionnaire to interview 73 bodaboda business riders in the study area. Analysis of data was done using Statistical Product and Service Solution (SPSS) software Version 20. A simple descriptive analysis was done to show the characteristics of respondents. Paired Sample T-test was conducted to test whether there was a substantial change in levels of income among riders before and after becoming bodaboda riders. The eta squared statistic indicated a large effect size in the level of income brought about by the bodaboda transport business in the study area, the activity also enabled riders to initiate new income-generating activities and strengthen the already existing ones. The study concludes that bodaboda transport business activity increased significantly the level of income for the riders and helped to reduce unemployment in the study area, especially among youth. The study recommends the City Council of Dodoma to create enabling environment to reduce the negative effects of the bodaboda transport to allow more youth to engage in business as a way to minimize the unemployment rate among them and improve individual as well as the national economy.

Open Access Original Research Article

Bankruptcy Prediction for Cement Industry in India Using Altman Z Score Model

Pramod Nimbalkar, Marisetty Nagendra

Asian Journal of Economics, Business and Accounting, Page 77-85
DOI: 10.9734/ajeba/2022/v22i24896

This study is to throw light on the financial performance of selected companies. It is based on Altman's Z score model, particularly for investigating financial soundness. It shows that most of the companies are not in good financial health. To improve the industry's business performance, the companies' financial stability should be maintained appropriately. Moreover, to improve financial performance, technological & managerial up-gradation is required. The general purpose of the study was to use Altman's Z-score model in predicting the corporate failure of financially distressed companies. In this study, we consider selecting ten cement companies for five years and analyzing their bankruptcy prediction. Using Altman's Z score formula, we calculate various factors affecting the company's financial health.

Open Access Original Research Article

Talent Management Practices and Its Impact on Intention to Stay in the Organisation

S. Sathyanarayana, B. V. Pushpa, Sudhindra Gargesa

Asian Journal of Economics, Business and Accounting, Page 86-104
DOI: 10.9734/ajeba/2022/v22i24897

In today’s dynamic business environment, organizations are looking to add new and improved or innovative capabilities to their portfolio of business. To achieve these objectives organizations need to add a very vital component called human resources. Therefore, Talent management is the buzzword in the IT sector to attract and retain a talented workforce. The current research paper aims to explore the attitude of the employees towards the major factors that influence the talent management practices in Indian IT firms intending to stay in the organization. To realize the stated objectives the researchers have collected the primary data from two hundred talented employees across the IT sector. In this context talented means one has consistently been a top performer or received the best employee or star performer reward or recognition from the employer for at least two years in a specific domain. For this purpose, the researchers have identified eight major factors such as quality of supervision, Compensation Management practices, job engagement, innovation practices, open climate, Career Development Path, organizational Environment, and quality of working Environment. The multiple regression model results revealed that the independent variable Compensation management, Job engagement, Open climate, Organizational environment, and quality of working environment were the major drivers of intention to stay in the current organization. When we rank the determinants we found the most prominent determinant being Job Engagement followed by Quality of working environment, Open climate, Compensation management, and Organizational environment. The current study makes significant contributions to both talent management theory and practices. Firstly, we provide empirical support from the perspective of employees about the various talent management practices and strategies employed by various IT companies in the Indian context. Secondly, we provide a scheme of suggestions to IT firms across the sector and various strategies to retain the talented workforce. Thirdly, we have ranked the various variables chosen for the study based on the empirical evidence and suggested the managers' various interventions to nurture and retain the talented workforce. Additionally, the current paper is aimed to assist managers with some of the vital issues they face with the implementation of talent management strategies.

Open Access Original Research Article

Value-added Analysis and Marketing of Fish Otak-Otak “Selaras”

. Junianto, F. Resvia Annisa Ayuda, Jasmine Priyanka Budiono, Iqro Permadi Syukur, Gilbran Muhammad Ramadhani, Abiomi Ciptoning Bentali, Azahra Islamiati

Asian Journal of Economics, Business and Accounting, Page 105-111
DOI: 10.9734/ajeba/2022/v22i24898

The goal of this research is to study the added value of processing mackerel into otak-otak in “Otak-Otak Selaras” at Cicendo, Bandung and to analyze its market. This study is done at one of the producers processing mackerel fish in Cicendo, Bandung City, West Java Province. The method used in this research is the case study method. Primary data is used in this research. Location is chosen through the purposive method, where it is chosen on purpose beforehand. Respondents in this research are also determined through the purposive sampling method, where key informants are chosen on purpose beforehand and they are able to grant information that align with the goal of this research. The data collection methods used in this research are interviews, logging, and observation. Data analysis used in this research is the quantitative descriptive analysis method. This research has found that mackerel, if processed into a product, can give a positive value and added value that is bigger than 0, which means that this business is worth running. Otak-otak, the processed product, has an added value of Rp 100,749 / kg and an added value ratio of 55%. The added value and profit of the industry is determined largely by the production cost spent. The market segmentation of “Otak-Otak Selaras” is geographical. The competitors identified are rival and substitute competitors. Pricing by“Otak-Otak Selaras” is done by using the Cost-Plus Pricing. Promotion used by this business is done through placing commercials in e-commerce platforms and by placing a banner in front of the store.

Open Access Original Research Article

The Effect of Self-efficacy and Career Guidance Mediated by Work Competency on Job Readiness of Students of Smk Negeri 1 Selong Indonesia

Muhammad Zainuddin, Muhammad Saifur Rijal

Asian Journal of Economics, Business and Accounting, Page 112-123
DOI: 10.9734/ajeba/2022/v22i24899

This study aimed to determine the effect of Self-Efficacy, Career Guidance mediated by Work Competence on the Work Readiness of class XII and XIII students of SMK Negeri 1 Selong. The total population in this study was 500 students; using the Slovin formula, a total sample of 222 respondents. Data collection uses a questionnaire technique, while data processing uses the SMART PLS4 application. R-square results were obtained by 0.681 (68.1%), meaning 68.1% of job readiness is influenced by self-efficacy, career guidance, and work competence, while other variables influence the remaining 31.9%. This study reveals that simultaneously the variables of job readiness are influenced by self-efficacy, career guidance, and work competence. Likewise, partially each variable affects work readiness.

Open Access Original Research Article

The Effects of Personal Income Tax Evasion on Socio-Economic Development of Nigeria

Isoso, Monday Chukwugeku, Ogbolu, Lucky Mmamefune

Asian Journal of Economics, Business and Accounting, Page 124-132
DOI: 10.9734/ajeba/2022/v22i24900

The study examined the effects of personal income tax evasion on socio-economic development of Nigeria. The study adopted ex-post-facto research, secondary data covering a period of 10 years. The data collected were analyzed using multiple regression analysis. From the result of the analysis, result finding evidently shows that personal tax evasion has a significant negative implication for socio-economic development of Nigeria. It was found that there is high rate of evasion among tax pay and this needed to be curbed. Hence, it is recommended that Government should make policies that make it easy for all sundry to pay their tax duties without feeling the burden.

Open Access Original Research Article

The Two Sides of the Coin of Youth Unemployment: Government and the Unemployed Individual

George Asumadu, Daniel Ofori, Sandra Adomako, Emmanuel Owusu Sefa

Asian Journal of Economics, Business and Accounting, Page 133-140
DOI: 10.9734/ajeba/2022/v22i24901

Youth unemployment has been a challenge for many governments in developing economies including Ghana. This study examines one of the challenges in economic and social settings: the potential loss of revenue to the government due to youth unemployment. Using data from 2000 to 2020, the study explores a simple regression model to determine the correlation between the youth unemployment and the unemployment rate. The study also examined a Discounted Cash Flow Analysis to estimate the potential fiscal capacity loss to the state through youth unemployment within a ten-year range. This study concludes that youth unemployment is a loss of potential revenue receipts to the state, which is a loss of fiscal capacity for governments in developing economies. This phenomenon decelerates economic growth in developing economies. The study recommends that the government should partner with the private sector to curb unemployed youth cankers. Despite its defied solution and planned developments over the past two decades, Ghana is still struggling to permanently nab youth unemployment.

Open Access Original Research Article

Assessment of the Effect of Advertising Channels on Sales Performance of Selected Small and Medium Enterprises in Lixle County, Burao Somaliland

Ali Ahmed Abdillahi, Robert Omundi Obuba

Asian Journal of Economics, Business and Accounting, Page 141-153
DOI: 10.9734/ajeba/2022/v22i24902

The small and medium enterprises (SMEs) in Lixle County carry out frequent advertisements of their products, but they still claim indifference in their sales. Therefore, the study sought to find out why the level of sales performance is at a standstill point on these small and medium enterprises (SMEs). In this regard, the main objective of the study was to assess the effect of advertising channels on sales performance of selected SMEs in Lixle County, Burao Somaliland. The specific objectives of the study were: to determine the effect of radio advertisement on sales performance of selected SMEs in Lixle County, to assess the effect of television advertisement on sales performance of selected SMEs in Lixle County, and to examine the effect of newspapers advertisement on sales performance of selected SMEs in Lixle County. This study adopted the Cultivation theory, the Gratification and the Hypodermic Needle Theory. This study was conducted through a descriptive survey design. The study covered 54 selected SMEs operating within Lixle County. The target population of the study comprised 162 employees. A sample of 115 respondents were selected using both stratified and simple random sampling techniques respectively. The study involved primary data which was gathered through questionnaires. The data were analyzed using Statistical Package for Social Sciences (SPSS). Descriptive statistics such as frequency, percentage distribution, mean and standard deviation were employed. Inferential statistics were also used to analyze the data and establish the relationship between the variables. Then the data were presented in the form of tables, pie charts or bar graphs to ease the analysis. The study found that advertisements made by TV, newspaper and radio respectively influenced most of the people in the area and impacted on the sales volume and the business performance of the selected small and medium enterprises in Lixle County.

Open Access Original Research Article

Swot Analysis as a Tool to Increase Spare Parts Sales at PT Trakindo Utama

. Norbaiti, Muhammad Maladi, Siti Munawaroh, Soelistijono Boedi, Noor Fatillah

Asian Journal of Economics, Business and Accounting, Page 154-162
DOI: 10.9734/ajeba/2022/v22i24903

This study aims to determine the role of SWOT analysis in generating strategies to increase sales of spare parts at PT Trakindo Utama Satui Branch during the Covid19 pandemic, see what alternatives are appropriate for use by PT Trakindo Utama Satui Branch. This study uses a qualitative approach by conducting a SWOT analysis (Strengths, Weaknesses, Opportunities and Threats). Data collection was carried out through interviews with the head of the branch head of PT Trakindo Utama Satui and assisted by the Sales Product Support Supervisor. The results of the study reveal that PT Trakindo Utama, Satui Branch is in the first quadrant, which means that the Growth strategy supports aggressive growth policies (Growth Oriented Strategy). Increasing sales of spare parts and development to other sectors such as construction, forestry, plantations can be carried out as soon as the local economic situation improves. For this reason, the SO strategy, namely utilizing strengths and maximizing opportunities can be implemented.

Open Access Original Research Article

The Nexus between Unemployment and Economic Growth in Egypt: Revisiting Okun's Law

Abdelmonem Lotfy Mohamed Kamal

Asian Journal of Economics, Business and Accounting, Page 163-173
DOI: 10.9734/ajeba/2022/v22i24904

This paper investigates the validity of Okun’s Law to the Egyptian economy through the period 1991 until 2021 using Autoregressive Distributed Lag (ARDL) model technique. The paper applies Augmented Dickey-Fuller (ADF) and Phillips – Perron (PP) to perform the unit root test. It is found that the three variables in the model, natural logarithm of real GDP difference LNRGDPdif, natural logarithm of real GDP gap LNRGDPgap, and natural logarithm of unemployment rate difference LNUNdif, are integrated of order zero I(0). While the other variable, natural logarithm of unemployment rate gap LNUNgap, is integrated of order one I(1). Therefore, the paper finds justification to conduct the ARDL bounds test for co-integration for the two Okun’s Law versions. However, the paper finds that the results are incompatible with economic theory and contradict most of research papers conducted for other countries. The coefficient of LNUNdif is (= 0.0004) and found to be insignificant while the coefficient of (LNRGDPdif (-1)) is the only significant coefficient at 5% significance level (= -2). Of course, these results in addition to the ARDL Bounds Tests’ results give evidence that there is no relationship between real GDP and unemployment rate in Egypt neither in the long run nor in the short run. Therefore, Okun’s Law, with difference model and gap model, is not valid in case of Egypt. These findings can be attributed to the low level of data accuracy and reliability. As a result, it is recommended for the Egyptian government to direct more effort towards collecting and publishing more accurate and reliable data on socio-economic variables. 

Open Access Original Research Article

SARS-CoV-2 Pandemic’s Impact on the Stock Market of Bangladesh: An Exploratory Analysis

Md. Shakhaowat Hossin

Asian Journal of Economics, Business and Accounting, Page 174-184
DOI: 10.9734/ajeba/2022/v22i24905

This research paper empirically analyzes the SARS-CoV-2 (Severe Acute Respiratory Syndrome Coronavirus-2) Pandemic’s Impact on the Stock Market of Bangladesh over the period from March 08, 2020 to June 30, 2020. The study employed the Vector Error Correction Model (VECM), the Wald test, and the Pairwise Granger Causality Test by using thirty-six daily data of Sample tests of Covid-19, Covid-19 confirmed cases, death, recovered covid-19 patients, infection rate, fatality rate, recovery rate of covid-19, and return on stock market index in Bangladesh. The results of the model point on the existence of the association between variables on both long and short runs. Again, this causality runs from the studied independent variables to the return on the stock market index in Bangladesh. Overall, the findings of this paper suggest that returns on the stock market index in Bangladesh react to COVID-19 widespread and this reaction changes over time depending on the arrangement of the flare-up.

Open Access Original Research Article

Financial Distress Prediction: A Hybrid Tracking Model Approach

Zong-De Shen, Suduan Chen

Asian Journal of Economics, Business and Accounting, Page 185-192
DOI: 10.9734/ajeba/2022/v22i24906

The purpose of this study was to build a highly accurate corporate financial distress tracking and prediction model based on hybrid machine learning technology. The research data were from Taiwan Economic Journal, and the research subjects were enterprises with financial distress risk announced in September 2022. In consideration of enterprise features, this study excluded the finance and insurance industries. The research period was three years (2019, 2020, and 2021) before the distress announcement. This study matched enterprises with financial distress and enterprises without financial distress (normal enterprises) at a ratio of 1:1 for each year. The sample size for each year included 374 enterprises with financial distress and 374 enterprises without financial distress. This study applied several machine learning technologies. At first, important variables were screened by applying artificial neural networks (ANNs). Next, prediction models were built based on decision tree C5.0 and random forest (RF) and were compared. According to the empirical result, the ANN-RF model provided a higher accuracy.

Open Access Original Research Article

The Enabling Environment for Official Development Assistance and FDI Inflows: An Empirical Evidence from Djibouti

Sadik Aden Dirir

Asian Journal of Economics, Business and Accounting, Page 193-207
DOI: 10.9734/ajeba/2022/v22i24907

By leveraging the best of its strategic and economic advantage and investing in transportation and port facilities, Djibouti has seen amazing progress over the past ten years. However, there are reservations regarding the inclusivity and stability of this expansion in the future. The current research investigates the enabling environment for official development assistance and FDI inflows in Djibouti from the period 1997 until 2020. To examine the impact of key socioeconomic and governance indicators on ODA and FDI inflows, the study used simple ordinary least squares and quantile regression. The results showed that, in the case of official development assistance, variables like GDP and multilateral debt maximize foreign aid to Djibouti. Contrarily, the country's regulatory environment and government effectiveness do not support international assistance. However, the results of FDI showed that Djibouti is more attractive to FDI inflows when there is a greater level of transparency in the rule of law and spending in the health sector. Additionally, the country's regulatory quality, voice accountability, and low population growth rate all contribute to a decline in FDI inflows. Last but not least, the GDP and domestic credit to the private sector indicate a negligible influence in creating a desirable climate for FDI inflows, which is somewhat accurate given the weak economic position of the nation. According to the conclusions, Djibouti should modify its governance structure and implement suitable structural transformations that preserve and appeal to multinational collaboration rather than concentrating primarily on domestic businesses. Finally, the government must liberalize the market, enabling international businesses to freely operate there, while also offering them the support they require, such as fair taxation and stability.

Open Access Original Research Article

Capital Structure Decisions of Listed Firms in Transport Equipment Industry in India

N. C. Shilpa, M. Amulya

Asian Journal of Economics, Business and Accounting, Page 208-222
DOI: 10.9734/ajeba/2022/v22i24908

Aims: The study predominantly attempts to examine the capital structure decisions of listed firms in Transport Equipment Industry by analyzing the relationship between leverage and profitability.

Study Design: Descriptive research design is used to describe the characteristics of the firms belonging to industry. The study envisages an extensive use of data extracted from professional database CMIE prowess and from reports Ministry of Statistics and Programme Implementation, Annual Survey of Industries and Satista.

Place and Duration of Study: The sample for the study consists of all listed firms National Stock Exchange (NSE) affiliated under Transport equipment Industry (CMIE classification). There were totally 86 firms as on 31st March 2018. The relevant data sets are retrieved for a period of 10 years (2008-2018). Thus, a panel data of 860 different observations were considered for study.

Methodology: To analyze the data collected, Econometric model for longitudinal data with repeated measures known as Hierarchical linear regression model is adopted. This helps in estimation of industry grand mean, segment mean and firm mean for multilevel nested data.

Results: The result of the study indicates that segment means are approximately equal to industry mean of 0.2898. Further, the segment-level means of all eight segments follows normal distribution with firms having high and low leverage firms. Finally, the firm-level variance is comparably high indicating that firms’ influence on capital structure decisions is predominant of all in this industry which has been found to be consistent over past decade.

Conclusion: The underleveraged firms in Transport Equipment Industry exhibit relatively higher average Return on Equity (ROE) and Return on Capital Employed (ROCE) compared to optimal leveraged firms. On the other hand, overleveraged firms indicate inverse relationship with profitability. This is justified by the pecking order theory that higher profitable firms incorporate internally generated funds available at lower cost compared to external financing.

Open Access Original Research Article

The Employee Performance: A Critical Analysis of Compensation, Commitment, and Work Motivation

Romansyah Sahabuddin, Muh. Yushar Mustafa, Rosmala Dewi, . Nurjanna, Nur Fitri Aulia

Asian Journal of Economics, Business and Accounting, Page 223-231
DOI: 10.9734/ajeba/2022/v22i24909

The pawnshop has become one of vital organizations for the society in Indonesia, especially those who are in lower middle class of society. This is because the role of the pawnshop helps such class of society in getting a financial loan easily rather than bank. This later suggests that the pawnshop is requested to be more able in managing its human resource, especially the emphasis on (1) compensation; (2) commitment; as well as (3) motivation of the employee. However, this study finds that there is a lack of study in explaining the effect of such three abovementioned human resource instruments, especially, on the context of employee performance. Therefore, in order to enrich such a lack of study, this study aims to conduct a research with the focus on the said three human resource instruments through the application of quantitative research method with the sample size is 63 employees of pawnshop in Makassar. As for the theoretical contribution, finding of this study suggests that compensation, commitment, and work motivation partially and simultaneously affect the employee performance. As for the managerial contribution, this study suggests that it is compulsory for the business owners as well as policy makers to evaluate and improve the compensation, commitment, and work motivation periodically in order to have a better performance of their employee.

Open Access Original Research Article

The Effect of Financial Ratio on Stock Price of Banks Listed on the Indonesia Stock Exchange (IDX)

Nusa Muktiadji, Bambang Pamungkas

Asian Journal of Economics, Business and Accounting, Page 232-240
DOI: 10.9734/ajeba/2022/v22i24910

This study aims to analyze the effect of financial ratios on stock prices ­of banks listed on the IDX, how _they influence _return on assets (ROA), debt -equity ratio (DER), price book value (PBV), and net profit margin (NPM)­. This research method uses the descriptive method. The unit of analysis is the banking companies listed on the Indonesia Stock Exchange (IDX). The research sample is 50 bank companies. The analytical method used in this study is multiple linear regression method. The results showed that partially PBV has a positive effect on stock prices, while ROA has no positive effect. DER has no negative effect on stock prices, and NPM has no positive effect on stock prices. Simultaneously ROA, DER, PBV, and NPM affect stock prices at banks listed on the Indonesia Stock Exchange. The limitations of this study are the limitations of the processed data and the variables used. This study ­would be helpful to the equity investment community, as material consideration for investing in companies.

Open Access Review Article

Current Trends in Business and Management: A Review

Aakash Sirohi, Aditya Kejriwal, Mohammad Kamrul Hossain

Asian Journal of Economics, Business and Accounting, Page 41-47
DOI: 10.9734/ajeba/2022/v22i24892

To survive in the current unstable economic environment, every organization that operates needs to be able to adapt. The pace of change has accelerated substantially in recent years, and businesses and organizations now deal with change on a daily basis. Organizations must adapt to shifting environmental conditions and ongoing change in the complex and competitive global business environment of today to stay competitive and profitable. There is fierce competition today. The market has evolved, there are more competitors, and new firms have entered. Additionally, Slovak enterprises must pay close attention to market changes and respond to both domestic and foreign market demands .Our time is one that is genuinely innovative. Without technical advancements, life would not be the same as it is today. The world market is undergoing rapid change. In order to improve their revenue, more and more businesses are currently going internationally. Today's global business trends center on utilizing cutting-edge technology, studying consumer behavior. This article describes the current state of the global business management area and discusses the newest business theories and the technology used to successfully execute them.