October - Volume 1, Number 1 (2023)
ANALYZING INDONESIAN MSMES' ACCESS TO ISLAMIC FINANCIAL SERVICES USING INSTITUTIONAL THEORY
Matten D, Moon J.
Financial inclusion has been recognized as a crucial element of economic stability and growth, poverty alleviation, and promoting access to formal financial services for all segments of society. This paper explores the concept of financial inclusion from an institutional theory perspective, with a focus on the Indonesian context. It defines the term and highlights the significance of financial inclusion in promoting economic development. It also delves into Islamic financial inclusion, which is based on risk-sharing and wealth redistribution through Shariah-compliant microfinance, small and medium enterprises, and micro-takaful. The study emphasizes the importance of institutions in promoting financial inclusion and their...
REIMAGINING THE CEO-ONLY BOARD: HOW FEMALE BOARD MEMBERS CONTRIBUTE TO CORPORATE RESPONSIBILITY AND ROA
Couto E., Francisco P
This study aims to explore the impact of female board members on Corporate Social Responsibility (CSR) and Return on Assets (ROA) in CEO-only boards. The paper examines the increasing gender diversity in boards and the ability of women to bring about significant changes in corporations. The study found that there is a significant negative relationship between the ratio of women on the board and CSR type words in the annual report, and a significant positive relationship between the ratio of women on the board and ROA. However, there was no significant relationship found between high or low ratios of women...
CHALLENGES AND OPPORTUNITIES IN ACCOUNTING FOR CROWDFUNDING FIRMS: EVIDENCE FROM A SURVEY OF REG CF FIRMS AND AUDITORS
K. J, Wang D.
Startups and early-stage firms often face difficulties in accounting and financial reporting quality compared to larger, public firms. Equity crowdfunding has emerged as an alternative source of financing for these firms, but there remain "knowledge gaps" and "weak spots" in accounting practices used by such firms, particularly in areas such as fair value accounting, intangible assets, research and development costs, share-based compensation expense, and equity instruments. This research examines these knowledge gaps through surveys and semi-structured interviews with Reg CF firms and auditors. The results highlight the need for better understanding of these accounting areas among startup firms, auditors, investors,...
THE IMPACT OF REGULATION QUALITY AND GOVERNMENT EFFICIENCY ON THE RELATIONSHIP BETWEEN TRADE AND ECONOMIC GROWTH IN CENTRAL AFRICAN COUNTRIES
Votsoma Philémon, Akono Christian Zamo
Fiscal management is crucial for economic growth and development, particularly in developing countries where fiscal policy has a significant impact on their economic prospects. This study investigates the effects of government borrowing modes on government spending and revenue mobilization behavior in Ghana. We propose that the effects of borrowing modes on revenue streams may not be uniform. The study modifies the Franco-Rodriguez government utility maximization function and employs the vector autoregressive (VAR) system to establish dynamic links among borrowing modes, revenue channels, and government spending. The study analyzes two variants of the model, aggregated and disaggregated government expenditure models. The...
THE EFFECTS OF AID AND BORROWING ON FISCAL BEHAVIOUR: EVIDENCE FROM GHANA
Emmanuel Atta Anaman
Fiscal management is crucial for economic growth and development, particularly in developing countries where fiscal policy has a significant impact on their economic prospects. This study investigates the effects of government borrowing modes on government spending and revenue mobilization behavior in Ghana. We propose that the effects of borrowing modes on revenue streams may not be uniform. The study modifies the Franco-Rodriguez government utility maximization function and employs the vector autoregressive (VAR) system to establish dynamic links among borrowing modes, revenue channels, and government spending. The study analyzes two variants of the model, aggregated and disaggregated government expenditure models. The...