Nexus Islamic Banking and Economic Growth in Bahrain
Omar Salim Ali
Page Numbers : 180-191
DOI : 10.36348/sjef.2021.v05i05.001
Islamic banking has developed as an important tool for the progress of the economy in many countries because it based on investment and financing projects globally, reported by World Bank's 2015 report. In many parts of the world, Islamic economics has the prospective to contribute and to face the encounters of termination of poverty and rising development. This study undertaken in Bahrain in order for investigate the nexus of Islamic banking and economic growth. Bahrain become one among the most developed Islamic banking activities and other Islamic instruments like Takaful, capital market and so on. This paper based on two correlated specific objectives that were survey the long-term relationship and causal linkage between economic growth and Islamic banking in the Bahrain. Although Bahrain have many Islamic banks operated but for the purpose of the study and research problem with availability of data only one bank was selected which called Al Salam Bank. This bank have good experience, existed for long time and have already announce as one of the as the best and better performance Islamic bank in Bahrain. The study based on quantitative approach and data was secondary and collected from al salam annually financial statements and world bank data set for the period from 2000 to 2020 which was time series. Study variables were Islamic bank’s assets, Great fixed capital formation, GDP per capital and foreign direct investment. Methodology which applied were the unit root problem was tested, then testing the co-integration with long run structural model, then the VECM, then Variance decomposition then Impulse Response Function and finishing persistence profile. Findings shown that Islamic banking in Bahrain have positive long run with positive short run relationship with economic growth. Also result shown that Islamic bank asset take the leading variable on the affect the GDP in Bahrain which supported by VECM. These outcomes give implication that the growth and development of Islamic banks in Bahrain have advantageous on the economy and households income of Bahrain. So it is better for police markers in Bahrain to increase more for taking considerable efforts for Islamic banks operation in order to provide much positive relation with their economy and to be a source for improvement of other sectors of economy in Bahrain.
Original Research Article
April 18, 2021
The Effectiveness for Regional Budget of Revenue and Expenditure as a Control Tools in Enrekang Regency Governments
Fatmawati A. Rahman, Romansyah Sahabuddin, Abdul Karim
Page Numbers : 173-179
DOI : 10.36348/sjef.2021.v05i04.006
The implementation of regional development in order to be carried out as expected, one of the influencing factors is the preparation of a financial budget in financing any regional development because without adequate financial budgeting, both in the form of revenue targets and realization of regional expenditures, financial management in the form of revenue and regional financial expenditures will not be implemented effectively. There are many efforts that can be made by local governments in improving people's welfare, one of which is the equitable distribution of development in a more just and balanced manner in each region. After conducting the research, the authors obtained the research results that in 2017, 73.20% was categorized as less effective, in 2018 50.95% was categorized as ineffective, and in 2019 54.26% was categorized as ineffective. These three years show that the financial performance of the Enrekang Regency Government has decreased, for the efficient value in 2017 of 11.51%, in 2018 it was 18.88%, and in 2019 it was 19.44%. During these three years, it shows that the regional financial performance is in the very efficient category.
Original Research Article
April 11, 2021
Exploring the Link between Employee Relationship Management and Organisational Citizenship Behaviour
Dr. Anietie Peter Akpan, Mr. Andrew Amuamuziam Okwudu, Mr. Orok A. Imagha
Page Numbers : 164-172
DOI : 10.36348/sjef.2021.v05i04.005
Relationship management is seen as key to organizational productivity; as such this study was designed to explore the link between relationship management and organizational citizenship behaviour (OCB). The elements of employee relationship management under study were trust, communication, commitment, conflict management and teamwork. Data for this study were collected from 217 respondents using a structured questionnaire. Data collected were analysed using descriptive statistics, Pearson’s correlation, partial correlation and multiple linear regressions. Results of analysis support both hypotheses of the study. Based on the results, it is concluded that good employee relationship management brings about increased employee performance of organizational citizenship behavior (OCB) in organisations. Consequently, it is recommended, among other things, that managers should strive to build good relationships with employees and manage same properly to reap the benefits thereof.
Original Research Article
April 7, 2021
The Effect of Managerial Ownership, Profitability, Company Size on the Integrity of Financial Statements at Plantation Companies
Feber Sormin
Page Numbers : 160-163
DOI : 10.36348/sjef.2021.v05i04.004
This study aims to determine the integrity of the financial statements of plantation companies listed on the Indonesia Stock Exchange 2017-2020. This study began to observe information on cases of disclosure of corporate financial statements that are published and do not meet the characteristics of accounting standards in several business sectors which are thought to be influenced by various factors such as managerial ownership, profitability ratios, and company size. This study used quantitative methods with multiple regression analysis through statistical data analysis software SPSS. The data used is secondary data which is collected through literature review and downloading the issuer's financial statements via IDX.co.id. This study found a negative effect of managerial ownership and firm size on the integrity of financial statements, while the effect of profitability was not found. This finding explains the function of managers as agents and at the same time as a principle of providing great opportunities for managers in making policies that benefit themselves so that the integrity of financial reports is low, as well as the fact that the level of company prosperity encourages management to take policies that have an impact on low financial statement’s integrity.
Original Research Article
April 6, 2021
Do the Cross-Country Interest Rate Affect Real Macroeconomic Activities? An Empirical Analysis
Sanjay Kumar Rout, Hrushikesh Mallick
Page Numbers : 148-159
DOI : 10.36348/sjef.2021.v05i04.003
We attempt to understand the cross-country impact of interest rate on macroeconomic economic activities among a few major economies such as advanced economies (US, Japan, and Germany) and emerging economies (China, India, and Russia). Using Generalized Impulse Response analysis of VAR model, we find that advanced countries' interest rate affects economic activities relatively higher than emerging economies' interest rate. Contrastingly, among emerging economies, China's interest rate influences economic activities of all while interest rates of India and Russia have either marginal or no impact on others' aggregate economic activities, including advanced countries.
Original Research Article
April 6, 2021
The Effect of the Implementation of Enterprise Risk Management Integrating With Strategy and Performance on Fraud Prevention (Case Study on Pt. Taspen (Persero)
Pradila Syahfitri Harahap, Nengzih Nengzih
Page Numbers : 141-147
DOI : 10.36348/sjef.2021.v05i04.002
This study aims to examine the effect of implementing corporate risk management on fraud prevention. This study adopts the COSO framework for risk management system analysis. This research is a quantitative study with a case study approach. The sample in this study were 99 employees who served in 5 business units using the simple random sampling method. The data analysis method used is Structural Equation Modeling (SEM). Based on the results of hypothesis testing, it shows that risk management has a significant effect on fraud prevention. The risk management implemented by PT Taspen can be categorized as good. However, it is still necessary to evaluate, monitor and further refine the company's risk management framework.
Original Research Article
April 6, 2021
The Effect of Competence, Work Experience, and Internal Control Auditor's on Audit Quality (Case Study on Internal Auditors of PT Bank Rakyat Indonesia (BRI) Tbk)
Ananda Liana Putri, Nengzih Nengzih
Page Numbers : 133-140
DOI : 10.36348/sjef.2021.v05i04.001
Knowing the impact of the auditor's competence, work experience, and internal control on audit quality is a goal to be achieved. This type of research uses quantitative research with saturated samples. The data collection technique is primary data that comes from questionnaires, then secondary data is taken from company documentation. The population in this research was 32 internal auditors as respondents at PT Bank Rakyat Indonesia (BRI) Tbk, which is headquartered in Jakarta in the Internal Audit Unit (SKAI). The data analysis technique used SEM with Smart PLS software for windows version 3.0. The results of this research show that audit quality is significantly affected by auditor’s internal control, while competence and work experience have no significant effect.
