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Analysis of Giving Opinion of the Audit Board of the Republic of Indonesia (BPK) on Unqualified Opinion (WTP)
La Ode Hasiara,
Roni Padliansyah
Issue:
Volume 5, Issue 6, November 2017
Pages:
206-213
Received:
5 September 2017
Accepted:
26 September 2017
Published:
8 November 2017
Abstract: The aim of the research is to find out and test as well as analyze the influence of government apparatus competence; organizational commitment; government apparatus behavior; standard operating procedures; internal control system; prudential principle toward unqualified opinion (Pendapat Wajar Tanpa Pengecualian/WTP) on financial accounting management of regional government in East Borneo Province. Approach method used in this research is descriptive quantitative equipped with qualitative approach that combines the result of data analysis obtained from statistical procedures (analysis) in form of numerical data and strengthen with qualitative research procedure that prioritizing more on the deep assessment process. The research found that, simultaneously government apparatus competence; organizational commitment; government apparatus behavior; standard operating procedures; internal control system; and prudential principle have influence on unqualified opinion (WTP). However, government apparatus competence partially has no influence on unqualified opinion (WTP).
Abstract: The aim of the research is to find out and test as well as analyze the influence of government apparatus competence; organizational commitment; government apparatus behavior; standard operating procedures; internal control system; prudential principle toward unqualified opinion (Pendapat Wajar Tanpa Pengecualian/WTP) on financial accounting managem...
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Impact of Government Budget Announcement on Stock Market Sector Indices: Evidence from Colombo Stock Exchange
Udani Chathurika Edirisinghe
Issue:
Volume 5, Issue 6, November 2017
Pages:
214-218
Received:
23 October 2017
Accepted:
20 November 2017
Published:
23 December 2017
Abstract: This study attempts to investigate the impact of Sri Lankan government budget announcements on five sector indexes of Colombo Stock Exchange, namely banks, finance & insurance; beverage, food & tobacco; manufacturing; motor; diversified holdings. The Event study methodology was used to analyze sector wise stock price behavior during the sample period of 2002 to 2013. Results revealed that although the overall trend of the average returns of each sector around budget announcements are same the magnitude of the reaction is different from sector to sector. Motor was the mostaffected sector and diversified holdings sector was the least affected.
Abstract: This study attempts to investigate the impact of Sri Lankan government budget announcements on five sector indexes of Colombo Stock Exchange, namely banks, finance & insurance; beverage, food & tobacco; manufacturing; motor; diversified holdings. The Event study methodology was used to analyze sector wise stock price behavior during the sample peri...
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Restructuring an Emerging Market Banking Sector: The Case of Vietnam
Ngoc Nguyen,
Naser Ibrahim Abumustafa
Issue:
Volume 5, Issue 6, November 2017
Pages:
219-228
Received:
30 October 2017
Accepted:
10 November 2017
Published:
23 December 2017
Abstract: This article examine whether Vietnam will be able to follow the reconstruction model developed by the Thai and South Korean banking industries in 1997, based on present-day Vietnam’s similarity with those two countries in 1997. Our paper also attempts to test the efficiency of the Vietnamese Asset Management Corporation [VAMC] in the banking industry restructuring process. The article use a quantitative model to test effects of the VAMC on Vietnam’s banking industry, and apply a DEA model to test the efficiency of the VAMC. The results contribute to the process of restructuring the banking industry in Vietnam, it also provide guidelines based on mathematical analysis for potential changes and improvements to both the banking industry and the bank regulatory structure in Vietnam.
Abstract: This article examine whether Vietnam will be able to follow the reconstruction model developed by the Thai and South Korean banking industries in 1997, based on present-day Vietnam’s similarity with those two countries in 1997. Our paper also attempts to test the efficiency of the Vietnamese Asset Management Corporation [VAMC] in the banking indust...
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The Effect of Cryptocurrency on Investment Portfolio Effectiveness
Yanuar Andrianto,
Yoda Diputra
Issue:
Volume 5, Issue 6, November 2017
Pages:
229-238
Received:
30 January 2018
Published:
9 March 2018
Abstract: The emergence of financial technology in the last 10 years has created a new type of asset that is Cryptocurrency. Cryptocurreny offers a small transaction fee without involving a third party in its transaction and the ability to make its users anonymous. It became one of its main selling points and was quickly accepted widely in the financial world. Cryptocurrency price movements become volatile. For examples, Bitcoin issued in 2009, the value is not more than USD 10, but in early June 2017, Bitcoin is worth about USD 3000 (Bloomberg, July 5th, 2017). Many investors are interested to invest in Cryptocurrency, especially investors with high risk tolerance. This study aims to find the effects of Cryptocurrency on well-formed portfolios. The assets we use are Foreign Currency, Commodity, Stock, and ETF. The Cryptocurrency we will use is Bitcoin, Ripple and Litecoin. Using the Modern Portfolio Theory approach, we can create an investment portfolio. The results show that the portfolio with Cryptocurrency indeed increases the effectiveness of the portfolio in two ways. The first is to minimize the standard deviation and the second is to create more allocation options for investors to choose from. The optimum allocation of Cryptocurrency is from 5% to 20% depending on the risk tolerance of the investor.
Abstract: The emergence of financial technology in the last 10 years has created a new type of asset that is Cryptocurrency. Cryptocurreny offers a small transaction fee without involving a third party in its transaction and the ability to make its users anonymous. It became one of its main selling points and was quickly accepted widely in the financial worl...
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