Version-3 (May-June 2018)
- Citation
- Abstract
- Reference
- Full PDF
- Download Cover Page
Abstract: This paper assessed the effect of intellectual capital on revenue and market values of firms in information and communication technology firms in Nigeria. Human Capital , Structural Capital and Capital Employed were the proxies for Intellectual capital while Fims's Gross Revenue and Markket Price per Share were bases for measuring earnings and market values respectively.The study adopted the ex post facto research design as data used were secondary. The data were sourced from annual reports and accounts of three firms selected from the industry under study. Data were analysed using the Ordinary Linear Regression. Data for the study covered the ten years spanning 2004-2013.The study shows that Intellectual capital as measured by Human Capital Efficiency, Structural Capital Efficiency(SCE) and Capital Employed Efficiency(CEE) has positive and insignificant relevance on.......
Keywords: Intellectual Capital, Human Capital Efficiency, , Structural Capital Efficiency,Capital Employed Efficiency, Firms' Revenue, Market Value , Share Price, Nigeria.
[1]. Abdulai, M.S., Kwon, Y., & Moon, J.(2012). Intellectual capital and firms' performance: An empirical study of software firms in West Africa. The African Journal of Information Systems. 4(1),1-30.
[2]. Ahangar, R. G.(2011). The relationship between intellectual capital and financial performance: An empirical investigation in Iranian company. African Journal of Business Management. 5(1), 88-95 accessed online at http://www.academicjournals.org/AJBM.
[3]. Ahmad, S. & Mushraf, A.M.(2011). The relationship between intellectual capital and business performance: An empirical study in Iraqi industries. International Conference on Management & Artificial Intelligence, 6,104-109.
[4]. Ahmed, J.U. (2012). Intellectual capital efficiency: Evidence from Bangladesh. Journal of Advances in Management & Applied Economics, 2(2), 109-146.
[5]. Amir, E., & Lev, B.(1996). Value relevance of non-financial information: The wireless communications industry. Journal of Accounting and Economics, 22(1), 3-30.
- Citation
- Abstract
- Reference
- Fsull PDF
Abstract: This study aims at analyzing (1) does the growth of real income per capita generate absolute convergence among islands in Indonesia, (2) is there conditional convergence among islands in Indonesia by adding real investment, number of labor, export, and import value as control variables (3) is there a decline disparity of real income per capita among islands in Indonesia over time.The data used were secondary data of BPS and BI publication since 1995 to 2015 paneled with data from six islands (Sumatera, Java, Bali & Nusa Tenggara, Kalimantan, Sulawesi, and Maluku & Papua) involving real income per capita, real investment, number of labor, export, and import value. Barro Salai Martin convergence model was used to test the convergence hypothesis. The results of the study show that (1) the growth of real income per capita does not generate absolute convergence among islands in Indonesia............
Keywards: growth, convergence, investment, islands.
[1]. Alisyahbana A, Ramdhani E.A, Pitrian P., 2002, Tinjauan Perekono mian Indonesia, Ekonomi dan Keuangan Indonesia, Vol I No 3, 2002. Hal 277-309.
[2]. BAPENAS, 2013, Pembangunan Daerah Dalam Angka, BAPENAS, Jakarta.
[3]. BAPENAS, 2013, Data dan Informasi Kinerja Pembangunan 2004-2012, BAPENAS, Jakarta.
[4]. Bank Dunia, 2010, Laporan Ketenagakerjaan di Indonesia Menuju terciptanya pekerjaan yang lebih baik, dan jaminan perlindungan bagi para pekerja, Bank Dunia, Jakarta.
[5]. Bank Indonesia, 1996, Laporan Tahunan Perekonomian Indonesia tahun 1995, BI, Jakarta.
- Citation
- Abstract
- Reference
- Full PDF
Abstract: The objectives of this research are: (1) to record or identify the number of poor people in West Muna Regency, (2) to know the factors that cause the poor in West Muna Regency, (3) to seek or find the best solution in order to eliminate or poverty alleviation in West Muna District, (4) formulating appropriate policy strategies in relation to poverty reduction efforts in West Muna District, and (5) formulating / reviewing both qualitatively and quantitatively and establishing a model of poverty reduction efforts in West Muna District. The benefits expected in this research are: (a) for the people of West Muna Regency, that is to know about poverty situation in their area, (b) for Southeast Sulawesi Government, that is synchronization of policy in order to build society prosperity (BAHTERAMAS) as (c) for the Government of West Muna Regency, ie as a reference in formulating policies on poverty reduction efforts in the region, and (d) for scientists, namely as an extension and development of science, especially which.......
Keywards: poverty, causal factors, countermeasures.
[1]. Anonymous, 2003. Poverty Indicators. Letter of the Minister of Home Affairs Number: 414.1 / 316 / PMD Date February 17, 2003
[2]. Central Bureau of Statistics, 2017. Statistics Indonesia. Jakarta. BPS Pusa, Jakarta.
[3]. Central Bureau of Statistics of Southeast Sulawesi, 2017. Southeast Sulawesi In Figures. Kendari. BPS Sultra, Kendari.
[4]. Central Bureau of Statistics of Muna / Muna Barat Regency, 2017. Muna Dalam Angka, Raha / Laworo.
[5]. Gurdev S. khush. 2002. Food Security By Design: Improving The Rice Plant in Partnership With NARS.
- Citation
- Abstract
- Reference
- Full PDF
Abstract: The objectives of this research are: (1) to identify the potentials of manpower and unemployment in Muna District of Southeast Sulawesi Province (2) to examine and analyze in detail the factors causing unemployment and mitigation efforts in Muna Regency of Southeast Sulawesi Province. The method used in this study is a participatory approach with the community, especially those classified as workers or unemployed. From the aspect of government can be done through discussion and direct interview to related parties, especially Office of Manpower, BAPPEDA and related institutions in Muna Regency of Southeast Sulawesi Province. While the analytical tool used is descriptive qualitative and quantitative. Qualitative descriptive includes study / description about community condition in Muna Regency. Based on the results of the study showed that the number of workers in Muna Regency in 2016 as many as 179,438 people while the labor force of 148,667 people. Of the work force there are 3,898.............
Keywords : Labor, Unemployment, Solution and Solution.
[1]. Arsyad, Lincolin. 1999. Introduction to Regional Economic Planning and Development. BPFE. Yogyakarta.
[2]. Central Bureau of Statistics (BPS), 2017. Southeast Sulawesi In Figures, BPS, Kendari.
[3]. Central Bureau of Statistics (BPS), 2017. Kabupaten Muna Dalam Angka, BPS, Raha.
[4]. BR, Afrida, 2003. Human Resource Economics, Ghalia Indonesia, Jakarta.
[5]. Deliarnov. 2002. Introduction to Macro Economics. UI Press Publisher. Jakarta.
- Citation
- Abstract
- Reference
- Full PDF
Abstract: The objectives to be achieved in this research are: (1) to identify various local financial potentials in Southeast Sulawesi Province (2) to examine and analyze in detail the source and utilization of the regional finance. This is an alternative in the acceleration and expansion of development in Southeast Sulawesi Province. The expected benefit in this research, that is for the community can know and apply the local financial resources in the region for the realization of welfare for them. For the government, it can be useful as policy maker and decision maker on regional finance in order to accelerate and expand the development of Indonesia (especially in Southeast Sulawesi Province). While for scientists, can be useful as an application of economic economic theory in connection with the discovery of various potentials, sources and benefits of the regional finance. The method used in this research is a participatory............
Keywards: Regional finance, potential, sources, benefits, acceleration, expansion of development.
[1]. Central Bureau of Statistics, 2017. Statistics Indonesia. Jakarta. Central CPM.
[2]. Central Bureau of Statistics of Southeast Sulawesi, 2017. Southeast Sulawesi In Figures. Kendari. BPS Sultra.
[3]. Central Bureau of Statistics of Muna Regency, 2017. Muna Regency in Quantity. Raha. BPS of Muna Regency.
[4]. Central Bureau of Statistics of Muna Barat Regency, 2017. West Muna District In Figures. Laworo. BPS of West Muna Regency.
[5]. Central Bureau of Statistics of North Buton Regency, 2017. North Buton in Quantity Buranga. BPS Butur Regency.
- Citation
- Abstract
- Reference
- Full PDF
Abstract: This paper seeks to answer the question of how Africa economies can sustain growth. The endogenous growth model developed by Romer (1986) and Lucas (1988) has focused on the role of human capital and by modification, knowledge capital as a main source of increasing returns and divergence in growth rates between developed and underdeveloped countries. Can African countries sustain their economic growth through intensifying human and knowledge capital as productive inputs? The paper provides an empirical test of the endogenous growth model in particular, the "Rival" human capital models of Romer (1990) and non-rival "idea‟ models of Lucas (1988), for Africa economies using a panel of Africa data on human and knowledge capital stocks. The study employed............
Keywards: Human capital, Knowledge capital, Endogenous growth, Effective labor, Pool Mean Group.
[1]. Barro, Robert J. 1991. Economic growth in a cross section of countries. Quarterly Journal of Economics 56: 407-43.
[2]. Banerjee A, Marcellino M, Osbat C (2004): Some cautions on the use of panel methods for integrated series of macro-economic data, Econometrics Journal 7, 322–340.
[3]. Banerjee A, Marcellino M, Osbat C (2005): Testing for PPP: should we use panel methods?,Empirical Economics 30, 77–91.
[4]. Hans-Jürgen E. and N. McLellan (2001), Testing Different Classes of Endogenous Growth Models: Industry Evidence for the New Zealand Economy, Singapore Economic Review, 47, (1), 2002, pp. 89-100
[5]. Huh, H. S. and D. Kim (2003), An Empirical test of exogenous versus endogenous growth models for G-7 countries, available on internet, http://www.sciencedirect.com/science/article/pii/S02649993100062X#!..
- Citation
- Abstract
- Reference
- Full PDF
Abstract: This research is conducted to know the performance of equity fund by using Sharpe Ratio and look for asset allocation relationship, inflation rate and return of JCI to the performance of the mutual fund. The population in this study are all effective stock mutual funds and registered in OJK during the period January 2012 to December 2016. The sample in this study was selected by Purposive Sampling. The population of 236 mutual funds, taken as many as 67 mutual funds that meet the criteria of sampling. This research is correlation research. Analysis method used in this research is panel data regression. The results obtained that the asset allocation policy partially significant.........
Keywards:asset allocation, inflation rate, return of JCI, sharpe ratio, performance of equity fund.
[1]. Alves, Carlos dan Mendes, Victor. (2011). Does Performance Explain Mutual Fund Flows in Small Markets ?. Portuguese Economic Journal, Vol. 20, Issue 2.
[2]. Endri. (2018). Analysis of The Impact of Macroeconomic Shocks on Residential Property Price Index In Jabodebek-Banten. Saudi Journal of Business and Management Studies (SJBMS), 3(5), 523-539.
[3]. Infovesta. (2016). Data Indeks Reksa Dana Saham. Dapat diunduh dari : www.infovesta.co.id [19 Februari 2018]
[4]. Kapoor, A. (2012). Performance comparison of Canadian hedge funds and mutual funds. International Journal of Business and Management Tomorrow, 2(8)
[5]. Pradhipta, Anggit. 2015. "Pengaruh Alokasi Aset, Tingkat Risiko dan Indeks Harga Saham Gabungan (IHSG) Terhadap Kinerja Reksa dana Saham yang terdaftar di Bapepam-Lk". Skripsi. Program Studi Manajemen, Fakultas Ekonomi Universitas Negeri Yogyakarta. Yogyakarta.
- Citation
- Abstract
- Reference
- Full PDF
Abstract: Investments in capital market is very confusing. It involves the decision making as to which stock to buy and which one to hold or sell. Time is an important factor that affects the investment decisions in the capital market. Analysing the stocks as well as the price movements is very much essential to make appropriate investments and to reap profits from the investments. Analysis of stocks can be done with the help of financial ratios like PE and PEG Ratios. These ratios indicates how expensive or cheap it is to buy or sell a stock. The primary objective of this study was to compare PE ratio and PEG ratio returns for the period 2013 to 2017 with reference to high market capitalization............
[1]. Jacob k Thomas (2006), " Another look on PE ratio", working paper. http://faculty.som.yale.edu/jakethomas/papers/smoothing.pdf
[2]. Andrew Ang (2011), " The price earning ratio : Growth and discount ratio"
[3]. Radim gottwald(2012), "The use of PE ratio to stock valuation", Grant Journal, ISSN 1805-062X, 1805-0638 ( online).
[4]. Wan-Ting(2014),"The PE ratio and profitability", Journal of Business & Economic Research, volume 12(1), page 67-76.
[5]. Pailboon Sareewiwatthana(2012) , "Value investing in Thailand : Evidence from use of PEG". Technology and Investment, volume 3, page 113-120..