ORIGINAL RESEARCH ARTICLE | July 8, 2020
Role of Competitive Product Advantages to Rise up Marketing Performance
Aris Mardiyono, Gita Sugiyarti
Page no 299-307 |
10.36348/sjef.2020.v04i07.001
The main objective of this research is to develop a conceptual model of competitive advantage that can improve marketing performance. The specific targets of this study empirically examine the effects of market orientation, entrepreneurial orientation, competitive advantage on marketing performance. The sampling technique used was purposive sampling, the sample in this study was the leadership of small and medium food businesses of 225 respondents in Indonesia. The sampling technique used was purposive sampling business leaders in Indonesia. After being collected, it is analyzed with SPSS 16 technique. The theoretical findings in this research namely enriching the literature creating competitive advantage can improve marketing performance. While the managerial findings in this study are models for developing small and medium scale food industries in Indonesia.
ORIGINAL RESEARCH ARTICLE | July 12, 2020
The Influence of Financial Capital, Human Capital, and Natural Resources Capital on Economic Growth and Its Impact on Community Welfare in the Industrial Area of Batam City of Riau Island Province
Dhenny Asmarazisa, Tri Ratnawati, Nekky Rahmiwati
Page no 308-314 |
10.36348/sjef.2020.v04i07.002
This study seeks to find out and analyze in more depth the effect of financial capital, human capital, and natural resource capital on economic growth and its impact on the welfare of society in the Batam City Riau Islands Province industrial area. The population in this study is the people who live in the industrial areas of the islands of Batam. Testing of the model in this study, with Generalized Least Square Estimation (GLS), structural equation modeling (SEM) analysis, proportional random sampling method and Amos 24 software assistance, on 240 respondents from 10 times (19 indicators + 5 variables). The test results show that the model (fit) can be seen from the values of GFI, AGFI, TLI, CFI, RMSEA and CMIN / DF, each of which is 0.915, 0.901, 0.949, 0.953, 0.063 and 1.376 all within the range of expected values so that the model can be accepted. The results showed that: 1). Financial capital has a significant effect on economic growth. 2). Financial capital has no significant effect on people's welfare. 3). Human capital has a significant effect on economic growth. 4). Human capital has a significant effect on people's welfare. 5). Natural resource capital has a significant effect on economic growth. 6). Natural resource capital has a significant effect on people's welfare. 7). Economic growth has a significant effect on community welfare in the Riau Islands Industrial Area.
ORIGINAL RESEARCH ARTICLE | July 12, 2020
Policy Supports for Financial Stability
Dr. Kameswari Peddada
Page no 315-325 |
10.36348/sjef.2020.v04i07.003
The global financial crisis of 2008 has exposed numerous shortcomings in the traditional safeguards for financial stability in terms of different economic policies adopted so far. A system level perspective focusing on systemic risks with suitable policies and instruments was the felt need to combat vulnerabilities at their origin before spreading. The present study has analyzed the various policy options, indicators of systemic vulnerabilities, choice of tools and instruments for the regulatory and supervisory bodies for a granular approach in different settings. Macroprudential policy and its tools were found to be a suitable solution, either alone or in conjunction with other economic policies.
ORIGINAL RESEARCH ARTICLE | July 16, 2020
The Effect of Payout Ratio Dividend and Earning Volatility on Stock Price (In the 2014-2017 BEI Manufacturing Company)
Jajang Badruzaman
Page no 326-334 |
10.36348/sjef.2020.v04i07.004
This research entitled The Effect of Dividend Payout Ratio and Earning Volatility on Stock Prices, the aim is to find out the effect of dividend payout ratio and earnings volatility on stock prices on manufacturing companies in the Indonesia Stock Exchange in 2014-2017 both in parsila maupu together. The sampling technique used purposive sampling and data analysis used panel data regression. The results of data processing show that the Dividend Payout Ratio has no significant effect on the Stock Price. Then Earning Volatility has a significant effect on Stock Prices and jointly with Payout Ratio and Earning Volatility has a significant effect on Stock Prices.
ORIGINAL RESEARCH ARTICLE | July 27, 2020
Ownership, Risk and Regulation of MFIs in Central Africa Countries
NYOBE Joseph Magloire, MBOUOLANG YIMPI Cedric
Page no 335-345 |
10.36348/sjef.2020.v04i07.005
Provided the regulatory reforms of MFIs in CEMAC Zone since 2002, we run a comparative analysis of risks associated with MFIs ownership forms. Then, we got extract from MIX market database. Specifically, the dataset included 28 MFIs from Central Africa over the period 2001-2017. We found out that commercial orientation and large scale are associated with high good exposure. Being Microbanks venture stakes small depositors’ funds, but deprived from residual claims, we are supportive of stringer regulation of Microbanks. We also suggest clients (whether depositors or borrowers) participation in MFOs for better portfolio quality.
ORIGINAL RESEARCH ARTICLE | July 27, 2020
The Impact of Fintech on Development of Islamic Banking Sector in the Contemporary World
Dr. Kavita Panjwani, Dr. Nedra Shili
Page no 346-350 |
10.36348/sjef.2020.v04i07.006
Technologies of the future drive an important role in effective growth of Islamic banking sector by creating transformational waves fostering the emersion of “Fintech”, which, compared to the traditional financial system, fulfills several advantages. Financial technologies appear to have a significant participation in the empowerment of individuals who lack access to financial services and consequently lead to immediate and continuing interest for individuals, the planet, and wealth. The rapid alteration of financial sector has been spread all over the world. The quick digitization drove a heavy use of technology in banking industry and in Islamic banking sector in particular. This paper examines how financial technology innovations induce financing efforts to enhance the quality of Islamic banking sector services in contemporary world and analyzes the new concept of digital Islamic banking. The present study determines the matrix correlation between Islamic banking assets and Fintech technology with help of statistical, graphical method of analysis, tabulation as well as methods of scientific knowledge.
ORIGINAL RESEARCH ARTICLE | July 27, 2020
The Impact of Leadership Capacity on Business Results from the Perspective Card Points Perspective at Small and Medium Enterprises Established in Da Nang City
Bùi Thị Minh Thu, Nguyễn Hồ Phương Nhật, Hồ Thị Bich Thuy, Phan Thị Yến Lai
Page no 351-358 |
10.36348/sjef.2020.v04i07.007
According to statistics, in 2018, the whole city. Da Nang c has a total of 12.678 small and medium-sized enterprises, but due to the economic crisis, nearly 2,700 enterprises have gone bankrupt, 1,000 enterprises have dissolved, 500 enterprises suspended production and business and the remaining businesses must implement a series of temporary solutions to tighten their belts in order to maintain operations. There are many different reasons, including the lack of management capacity and low human resources, especially in the large market in Danang City. Recognizing this importance, the study collected 256 observations of small and medium-sized enterprises and tested through the SEM model the relationship of leadership capacity to corporate performance. Viewpoint of balanced scorecards at small and medium enterprises in Danang City. The conclusion of the study can be drawn as "When the business manager has the better response level of leadership ability, the business performance of the business will also be better."
ORIGINAL RESEARCH ARTICLE | July 28, 2020
Dividend Policy and Stock Price Volatility in the Bangladesh Capital Market: An Experimental Analysis
Md. Shakhaowat Hossin, Md. Farhad Ahmed
Page no 359-367 |
10.36348/sjef.2020.v04i07.008
Commercial organizations in Bangladesh are experiencing rivalry among them because of economic struggle globally and attempting to remain competitive in these changeable economic surroundings. This paper intends to analyze the impact of dividend policy on the market price of stock in Bangladesh. The numbers of statistic community are 330 companies in Dhaka Stock Exchange. All 10 companies belong to the Food & Allied, Ceramics and Cement industry listed at DSE index are included as the sample for a phase from 2008 to 2017. In this paper, Fixed Effect Model along with Random Effect Model has been used to estimate outcomes. Both Models are exercised on panel data for explaining the association between dividend payments and share prices after adjusting several variables including Earnings per Share, logarithm value of Profit after Tax, Growth of Asset and Dividend Payout Ratio. The study also checked both the Models and found Random Effect Model is more significant than Fixed Effect Model. Afterward, this paper applied the multicollinearity test to determine is there any correlation among the variables and found no multicollinearity. This paper found a weak form market exists in Bangladesh and investors choose stock dividend more than the cash dividend.
ORIGINAL RESEARCH ARTICLE | July 30, 2020
A Review of China-India Geopolitical Relations in the Context of Belt and Road Initiative (BRI)
Akkas Ahamed, Md. Sayedur Rahman
Page no 368-376 |
10.36348/sjef.2020.v04i07.009
Both China and India are two neighboring nations sharing long borders. China is a North East Asian country, and India is a South Asian country bordering with Bangladesh, Pakistan, Nepal, Bhutan and Myanmar. China shares borders with South Asia, South East Asia, North East Asia, Central Asia, West Asia and Russian Federation. Geopolitically and geo-strategically it is located in a center point. According to its size of population and by GDP purchasing power parity (PPP), it has been turned into as number one country in the World. China’s economy is rapidly growing, and it will emerge as a global super power within very short time. However, India is a large country in the context of both geographical size and population. It is the second largest country in world taking into account of its size of population. It is a rising economy, and it has been turned into third largest economy by GDP purchasing power parity (PPP). In this study, some important geopolitical issues of Sino-Indian relations have been discussed in the context of BRI. Friendly relations between China and India are very crucial to ensure peace, security, stability, connectivity and, of course, economic development in the entire region. The main objective of this study is to provide some policy recommendations to improve the relations between China and India. The study is based on secondary data with some field level data which were collected through focus group discussions and observation.