This paper investigates the impact of stock market development on real economic growth in Nigeria. The Johansen Cointegration and vector error correction model (VECM) were used to analyze annual time series data on stock market development indicators and real gross domestic product (GDP) from 1984 to 2018. The results show a long run relationship between stock market development and economic growth in Nigeria. In the long run, market capitalization ratio, all share index and rediscount rate have significant positive effect on GDP, whereas market turnover ratio, and trade openness have strong negative influence on GDP. Results also show evidence of causality effects running from stock market development to real GDP. The paper concludes that stock market development is important for economic growth in Nigeria. The paper recommends that government promote stable economic and political environment, strengthen the regulation and supervision of the stock market, streamline market processes, improve trading system, and increase investment in manufacturing and logistics infrastructure.
ORIGINAL RESEARCH ARTICLE | Sept. 25, 2020
Research on the Impact of Stock Market Development on Real Economic Growth in Nigeria
The purpose of this study was to empirically examine the relationship between Competitive Advantage, Organizational Culture, and Sustainable Leadership on the successful application of the management accounting information system (MAIS). Using primary data obtained from distributing questionnaires to several manufacturing companies in Bekasi, West Java. The research instrument, namely Competitive advantage, was adapted from the Porter's Diamond Model Questionnaire which consists of five indicators, Organizational culture consists of four indicators, and Sustainable Leadership consists of three indicators. Data processing uses SEM Partial Least Square. In this study Competitive advantage, organizational culture, and sustainable leadership have a positive and significant relationship to the successful implementation of MAIS.
ORIGINAL RESEARCH ARTICLE | Sept. 3, 2020
Feedforward Neural Networks: Cross-Validation of a Break-Out Range Strategy
One main idea guided this research article: can feedforward neural networks (FNN) be used by investors to cross-validate their investment decisions and stock market strategy entry-signals. Therefore, the research question of this study was: how profitable is a break-out strategy if the strategy is cross-validated by a FNN for U.S. stock markets? The study followed a quantitative, quasi-experimental design, regarding in-sample and out-of-sample tests. For the method of analysis, five hidden layers of a FNN were computed, a sigmoidal function, and break-out strategy conditions as well as entry-signals. As a result, the break-out strategy was profitable to trade with a money management strategy; however, the transaction costs had an effect if for the exit strategy the assets were sold at the end of the day. The FNN could only provide cross-validating results if a dichotomies entry-signal variable was added to the model. The study is relevant for portfolio managers and investors, who are interested in a second assessment of their data or market entry decisions through a cross-validation performed by a FNN.
ORIGINAL RESEARCH ARTICLE | Sept. 3, 2020
Land Agency Performance in Issuance of Certificate in Banjarbaru City
This research aims to study and determine the performance of land agency officials in issuing certificates in Banjarbaru and to find out the supporting factors and obstacles to the performance of land agency officials in issuing certificates in Banjarbaru. The research method used in this study is a qualitative descriptive method with the geetz interpretive model approach, namely a phenomenological approach that seeks to find meaning instead of looking for laws, to understand every problem and not to seek a theory of phenomena. The results showed that the performance of the land agency apparatus in issuing certificates in Banjarbaru was still less than optimal, because the apparatus still expected compensation from the applicant; there is discrimination among officials in providing services because of the proximity system; Responsibility is still lacking due to complaints about making measuring drawings and land parcels maps; Accountability is not good because there are many community unrest/complaints, lack of transparency about the cost and time of certificate issuance. The supporting factors for the performance of the land agency apparatus in issuing certificates in Banjarbaru are: discipline, People's Service for Land Certificates (LARASITA) cars, computerized systems, waiting rooms, information boards and land flow charts. The factors inhibiting the performance of the land agency apparatus in issuing certificates in the city of Banjarbaru are human resources, lack of public understanding, lack of computer infrastructure, low apparatus capacity, lack of apparatus coordination, insufficient document storage, no lost certificate replacement funds, no guarantee of security for the land agency apparatus at work.
ORIGINAL RESEARCH ARTICLE | Sept. 3, 2020
The Implementation of E-Planning in the Preparation of the 2019 South Kalimantan Provincial Government Work Plan Documents
Dyka Pratama Adhyaksa, Andi Tenri Sompa, Muhammad Anshar Nur
This study aims to describe the implementation and find out the support and obstacles faced by the implementation of e-planning in the preparation of the 2019 South Kalimantan Provincial Government Work Plan Document. This research uses a qualitative approach that will encourage researchers to go into the field to observe directly the activities that are carried out conducted at the research location. Data collection techniques used in this study were observation, interviews, and documentation. Sources of data in this study are primary data, namely records of interviews, results of field observations and data on informants and secondary data in the form of completeness documents from implementing agencies and other research results. The results showed that the implementation of e-planning in the preparation of the 2019 South Kalimantan Provincial Government Work Plan Documents had been carried out well. This can be seen from the compliance and fluency of the e-planning routine, where most SKPDs have complied and the smoothness of the e-planning routine is already good. Although there are still some obstacles such as limited human resources and a lack of support from the heads of related agencies. Even so, the implementation of e-planning has had a good impact, such as the consistency of input and output in the RKPD and Pre-RKA documents and making Work Plan documents easier.
ORIGINAL RESEARCH ARTICLE | Sept. 9, 2020
Community Empowerment Strategy in Handling Efforts of Stunting in Malutu Village, Hulu Sungai Selatan
Nizma A Hamdie, Andi Tenri Sompa, Muhammad Anshar Nur
This study aims to determine how the role of human development cadres (KPM) in handling stunting and community empowerment strategies in handling stunting in Malutu Village. The method used in this research is a combination research that combines quantitative methods and qualitative methods to be used together in a research activity, so that more comprehensive, valid, reliable and objective data are obtained. Data were collected by interview, area mapping and documentation. Interviews were conducted with key figures, namely the Head of Malutu Village, Posyandu Cadres, Human Development Cadres and Village Empowerment Assistants. The results showed that the problems faced by Human Development Cadres in handling stunting in Malutu Village were that the function of cadres was not optimal, the capacity building given their time was still limited so that field supplies were not sufficient and there was no further training and lack of public awareness about the dangers of stunting. The strategy in community empowerment programs in an effort to deal with stunting in Malutu Village is the strategy of SO or strength and opportunity. SO strategy is a strategy that is determined to get optimal effort. After knowing and taking advantage of the strengths, we can take full advantage of the opportunities that exist. Community empowerment strategies that can be carried out are using the available budget for optimal stunting management, increasing the capacity of human resources through support from the Hulu Sungai Selatan District Government and establishing communication between actors and making joint work plans in handling stunting.
ORIGINAL RESEARCH ARTICLE | Sept. 9, 2020
Implementation of Regional Regulation Number 12 Year 2018 Concerning Regional Retribution in Gunung Mas Regency in Calibration and Recalibration Services Charges (Case Study in Kurun District)
This study aims to determine the extent of the implementation of the Regional Regulation No. 12/2018 on Regional Levies in Gunung Mas Regency on Calibration/Recalibration Service Charges, and to find out the obstacles that occur in implementing these policies. This research is located in Kurun Subdistrict, Gunung Mas Regency. The data collection technique was carried out in three steps, namely: observation, interview, and documentation. The informants of this research consisted of: 1) Head of Consumer Protection and Metrology Division of the Industry and Trade Service of Gunung Mas Regency; 2) Head of Metrology Section; 3) Metrology Sector Staff; and 4) Traders who have received services and who will assess how the policies calibration/recalibration are applied. This study uses qualitative data analysis following the concept of Miles and Huberman's model with the theory of policy implementation according to Edward III. The results of the study show that the implementation of Regional Regulation Number 12 of 2018 concerning Retribution for Recalibration Services in Gunung Mas Regency is still not effective. This ineffectiveness occurs due to several obstacles, namely the absence of socialization from the Dinas regarding the SOP for implementing Recalibration services to the community. This also resulted in a lack of public knowledge about the policy, which hindered policy implementation. Limited funds are also an obstacle in the distribution of information to the public.
ORIGINAL RESEARCH ARTICLE | Sept. 17, 2020
Negotiating with Indigenous Peoples: Land Area Acquisition for the Fulkaxó Reserve in Brazil
Silvana Sartori, Marco Jantsch, Dr. Murillo de Oliveira Dias, Dr. Rodrigo Navarro
The purpose of this study is to present a negotiation case for the acquisition of a land area from the Fulkaxó, indigenous people of Brazil, aiming at establishing a reserved space for families of the Fulkaxó Peoples (Fulniô/Kariri-Xocó/Xocós Ethnicgroups), in properties located in the municipalities of Neópolis and Pacatuba, State of Sergipe, according to the court decision in the case of Public Civil Action n. 0003667-09.2012.4.05.8500, in proceedings before the First Federal Court of the Judicial Section of Sergipe. The negotiation for land acquisition endured for thirteen years, completed on 18 August 2020. The research aims to provide scholars, business managers, and decision-makers with a new perspective on the negotiation process involving indigenous peoples and the Brazilian Federal Government. Case analysis and discussion compile the present work.
ORIGINAL RESEARCH ARTICLE | Sept. 19, 2020
Influence of Factor Market Distortion on Carbon Emission Intensity: An Empirical Analysis
There are both historical reasons for the distortion of factor market, and it is also resulted from inadequate market-oriented reform. Based on the static model and dynamic model, this paper studies the influence of factor market distortion on carbon emission intensity in China. The results show that the more serious the factor market distortion, the higher the carbon emission intensity. This result means that to improve environmental efficiency and reduce carbon emission intensity, we can start from correcting the distortion of factor market and deepening the reform of factor market. It is also found that the energy consumption structure is one of the significant factors affecting the intensity of carbon emissions. Reducing the proportion of coal consumption in the economy will help to improve China's energy efficiency. Based on the results of this study, relevant policy recommendations are put forward.
Scholars Middle East Publishers
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