The Determinants Influencing Foreign Banks’ Entry into Saudi Arabia
Najla Alomar, Milind Sathye, Peter Graham
Page Numbers : 319-332
DOI : 10.36348/sjef.2022.v06i09.004
The study investigates the determinants of foreign banks’ entry decisions into Saudi Arabia and their relative importance. Seventy-one questionnaires were analyzed using the Distribution Fitting Algorithmic Approach (DFAA). This paper is situated in the existing literature on the Internalization Theory, Eclectic Paradigm, and Follow-the-Customers hypothesis. While we confirm the Follow-the-Customers hypothesis, we also found that the host market’s characteristics influence entry decisions. We envisaged that this paper would not only contribute to the existing literature but also inform policymakers and industry participants to better understand foreign banks’ entry into emerging and developing markets.
Keywords: Foreign banks, Determinants, Entry decisions, Saudi Arabia.
Original Research Article
Sept. 20, 2022
The Effect of Cash Flow, Board Independence, and Company Size on Financial Distress
Fransisco Pandapotan, Fitria Puspitasari
Page Numbers : 311-318
DOI : 10.36348/sjef.2022.v06i09.003
Covid-19 has affected the world’s economic sectors, including Indonesia. This can be seen from the declining of the company’s operational activities until the threat of the company to become bankrupt, so that it can influence the stability of the country. The government tries its best to recover the economy. Therefore, the objective of this research is to test the effect of cash flow, board independence, and company size on financial distress. It is classified as causal research with quantitative approach. The population used in this research is all transportation and logistics companies listed in Indonesia Stock Exchange (IDX) period 2019-2021. The sampling technique is simple random sampling with Slovin formulation, so that there are 72 samples used after outliers. All the information of the samples are obtained from the annual financial statements downloaded from the official company’s websites. The analysis technique is multiple regression linear with SPSS 22 as a research tool. The results indicate that cash flow has a significant effect on financial distress whereas board independence and company size do not have significant effects on financial distress.
Original Research Article
Sept. 6, 2022
Does Corporate Transparency Moderate Factors Affecting Tax Avoidance? Empirical Study of Indonesian Coal Mining Companies
Irwan Supriyadi, Waluyo
Page Numbers : 301-310
DOI : 10.36348/sjef.2022.v06i09.002
The purpose of this research is to examine and analyze influence of company size, and leverage on tax avoidance with company transparency as a moderating variable in mining companies listed on the Indonesia Stock Exchange in 2015 – 2019. Data is obtained by accessing the company's financial statement and annual reports through the company's website or www.idx.co.id. The research sample was searched by purposive sampling methode using criteria so that 9 sample companies are obtained for 5 years of observation (2015-2019). The data analysis methode used is the path analysis methode with Partial Least Square which processed using SmartPLS 3.0 software. The result of this research indicates that the size of the company has a significant effect on tax avoidance. Leverage has no effect on tax avoidance. Corporate transparency cannot moderate the effect of company size on tax avoidance, but corporate transparency can weaken the effect of leverage on tax avoidance.
Original Research Article
Sept. 4, 2022
Financial Inclusion in Jammu & Kashmir: An Assessment of Pradhan Mantri Jan Dhan Yojana
Yasser Ibrahim Poswal, Farida Siddiqui
Page Numbers : 294-300
DOI : 10.36348/sjef.2022.v06i09.001
There has been an intensive debate about the improvement in accessibility of financial services through PMJDY in India. After almost eight years of its inception, there is still a significant section of population, particularly in rural and unbanked part of the country which is not linked with the formal financial system. This paper attempts to assess the performance of PMJDY scheme, generally in India and particularly in Jammu and Kashmir. The public sector banks are the dominant players in implementing this scheme across the country, but in Jammu & Kashmir, private sector banks are leading from the front. Except the account opening process, other financial facilities being provided under this scheme are still not fully accessible throughout the region. There is a significant number of accounts under this scheme which are dormant and having zero balances. There is need to accelerate the financial literacy programs to financially educate the beneficiaries for better usage of financial services.
Original Research Article
Aug. 22, 2022
Quality Cost Control Analysis to Degrade Defective Products and Their Impact on Company Performance (Case Study at Pt. Tirta Investama – Subang Factory)
Warcito, Nengzih Nengzih
Page Numbers : 281-293
DOI : 10.36348/sjef.2022.v06i08.004
PT. Tirta Investama – Subang Factory is an industrial company engaged in bottled drinking water, background of this research is significant increase in product returns of 5 gallons over five years (in 2016 - 2020) from AQUA Group. Purpose of this study was to analyze the cost of quality due to defective products and their impact on the company's performance. This study uses the quantitative destructive method with the seven tools analysis method. The results showed that the increase in conversion costs / industrial costs, especially quality costs, has an impact on the company's performance must be improved.
Original Research Article
Aug. 12, 2022
The Impact of Fiscal Policy on Unemployment in Nigeria
Michael O. Enyoghasim, Hycenth O. R. Ogwuru, Glory C. Agu, Abieyuwa E. Igbinedion
Page Numbers : 272-280
DOI : 10.36348/sjef.2022.v06i08.003
The study examined the impact of fiscal policy on unemployment in Nigeria. The main objective of the study is to find out the relationship between fiscal policy like recurrent expenditure, capital expenditure, debt servicing and some variables like inflation rate, interest rate spread, gross fixed capital formation on unemployment. The study used expo-factor research design with Auto Regressive Distributed Lag (ARDL) in analyzing the data collected from CBN statistical bulletin. The result revealed that government capital expenditure, gross fixed capital formation and debt servicing impacted significantly on unemployment, while inflation rate, interest rate and recurrent government expenditure had insignificant impact on unemployment. Based on the findings, the study concludes that fiscal policy has a significant impact on unemployment. It was recommended that government expenditure should be channeled towards productive sectors which are capable of absorbing the teeming unemployed in the society and not luxuries and stop further acquiring more loans.
Original Research Article
Aug. 11, 2022
Performance Evaluation and Growth of Selected Islamic Mutual Funds Schemes: an Analytical Study
Dr. Kavita Panjwani, Vikrant Panjwani
Page Numbers : 264-271
DOI : 10.36348/sjef.2022.v06i08.002
The most popular way to invest is through mutual funds in today's world. Profitability is particularly high in the Saudi financial market for mutual fund companies. Investors prefer Islamic mutual funds over non-Islamic mutual funds because they believe they are more secure and risk-free. This research aims to vary the customer preferences toward Islamic mutual funds, which offer higher returns within the Saudi economic market. All these will be identified as victimization sure key facts. With the assistance of those critical facts, a capitalist will analyze dissimilar mutual funds and put his cash in an exceeding fund that fits his exposure perception. This study evaluated the Mutual fund returns using, Maximum returns, Minimum returns, and Average returns compounded by the annual growth rate. The standard deviation and risk per average return (standard deviation/average return) have been used to evaluate the risk and return of the funds. Furthermore, fund managers assess the fund’s performance in terms of –Performance for the existing year (YTD) of the fund. As a result of the research, it was discovered that the overall performance of mutual investments in Saudi Arabia's economic market was better than expected for all the selected funds.
