jrge
Abstract - The Evaluation of Fiscal Decentralization in Indonesia Based on the Degree of Regional Autonomy
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Abstract: The implementation of regional autonomy in Indonesia has lasted almost 18 years. However, the success of regional autonomy has not been optimal. Some researchers discovered the existence of limitation of Regional Government Budget. This study investigates the presence of the degree of regional autonomy and its impact on social welfare using data covering all districts in Indonesia from 2013 to 2016. To test hypotheses, we first group districts based on the degree of regional autonomy and than test the existence of the degree of regional autonmy and its impact on social welfare simultaneously on each of regional autonomy degree. Partial Least Square release 6 is used to test hypotheses. The results show that the fiscal decentralization has a significant effect on capital expenditure in districts’ APBD in Indonesia but has no significant effect on economic growth and social welfare of districts in Indonesia; capital expenditure in districts’ APBD in Indonesia has a significant effect on the economic growth and social welfare of the districts in Indonesia; and economic growth has no significant effect on the social welfare of the districts in Indonesia. The significance of the influence between variables depends on the degree of regional autonomy. Keywords: Fiscal decentralization, capital expenditure, growth, welfare, degree of regional autonomy. |
Abstract - Corporate Governance and Bank Performance: Global Financial Crisis 2008
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Abstract: This research examine the role of Corporate Governance on bank performance; pre and during global financial crisis 2008. Using 2006 to 2009 data of 27 banks listed in Indonesia Stock Exchange is as research sample. Board, Family and Foreign Ownership as an internal Corporate Governance mechanism and Audit Quality is a proxy for external mechanism. Moderated Regression Analysis is applied. The result shows that there is no role of Corporate Governance in pre-global financial crisis. In addition, this study documented that the role of Corporate Governance practices is poor during global financial crisis 2008, especially 2009. Keywords: Corporate Governance, bank performance and Global Financial Crisis. |
Abstract - Investigating the Relationship on CO2, Energy Consumption and Economic Growth: A Panel Data Approach
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Abstract: In this study, empirical analysis is conducted to reveal the relationship between three variables: energy consumption, GDP and CO2. The analysis is based on 13 oil importing countries and 11 oil exporting countries. The main objectives are (1) to reveal the long-run relationship based on three different models using second generation panel unit-root and panel cointegration tests and (2) to investigate the short-run relationship between pairs of variables using VAR Granger causality test. The panel unit root tests indicate that each variable is integrated of order one, I(1). Based on cointegration tests, the results reveal a long-run relationship in one of the models in both countries. The VAR Granger Causality shows evidence of a short-run relationship between the variables in both groups of countries. Keywords: CO2, energy, growth, panel data. |
Abstract - Predicting Distress in Islamic Banks: The Effectiveness of Capital Measures in CAMELS Framework
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Abstract: This study aims to identify key capital adequacy measures and other parameters that effectively predict distress in Islamic banks taking a panel of 65 banks from 13 countries between 2008-2017 using logistic regression model. The paper also intends to see whether simpler ratios perform better than more complex, risk weighted measures in predicting distress in these banks. A total of nine alternative capital and leverage indicators are used in the model that mainly rely on financial and accounting data, which are supplemented by the addition of market leverage for listed banks. In order to capture variability in cross country analysis and impact of economic conditions and shocks, the study also adds several macroeconomic indicators in the model. The results suggest that most of the standard CAMELS indicators are relevant for studying distress in Islamic banks. Further, it is shown that three other capital ratios – Tier 1, tangible common ratio and market leverage - are equally effective in studying Islamic bank failures. The findings, however, reflect that Basel III leverage ratio and other accounting-based ratios do not offer effective early warning signals of Islamic bank stress. Overall, equity based risk-weighted capital ratios offer a more robust framework of regulation and supervision in Islamic banks. Keywords: Early Warning System, Leverage Ratio, Bank Failure, Basel III, CAMELS, Risk-Based Capital, Regulation, Islamic Banks, Emerging Markets. |
Abstract - Does Education Reduce CO2 Emmisions? Empirical Evidence of The Environmental Kuznets Curve in Indonesia
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Abstract: The purpose of this study is to analyze whether education has a role in energy use in society using the Environmental Kuznets Curve (EKC) hypothesis during the period 1972-2016 in Indonesia. The paper applied the Autoregressive Distrubuted Lag (ARDL) Bound Test approach to identify co-integration relationships among variables in the model. The results confirmed the evidence that education initially increased CO2 emmisions and at some point education reduced co2 in the short run but not in the long run. In addition, i also found conclusive evidence to support the Inverted U-shaped EKC hypothesis of the relationship between GDP per capita and environmental degradation. The stability test has conducted in estimated model and the result indicated that estimated model is stable over time. Keywords: CO2 Emmision, Environmental Kuznets Curve, Education. |