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Firm Attributes Count and Management Accounting Practices in an Emerging Market
Stanley Ogoun,
Sawyerr Ayaundu
Issue:
Volume 9, Issue 3, June 2020
Pages:
94-102
Received:
9 March 2020
Accepted:
26 March 2020
Published:
17 April 2020
Abstract: The birth of globalization has brought about the introduction of new technologies and means of production which exposes developing countries to greater competition. This has resulted in the alteration of the business environment, thereby changing the dynamics of firm characteristics. In view of the foregoing, this paper examines whether or not attributes count of a firm (FAC) influences the Management Accounting Practices (MAPs) adopted. This effort is hinged on the manufacturing sphere, using primary data sourced through the issuance of structured questionnaires. Firm attributes count was discriminated on the basis of; size, intensity of market competition, grade of accounting staff and technology deployed. A sample size of 80 firms was adopted, with the Spearman correlation coefficient method employed to analyse the data. The empirical outcome of this effort unveils that, all the firm attributes count deployed in this study significantly influence MAPs. Therefore, the study concludes that the type of management accounting tool deployed in any firm, is firm size, intensity of market competition, quality of accounting staff and the level and nature of tech dependent, and that domain differences does tinker with the nature of the effect of these variables. On the basis of the foregoing, it is recommended that smaller firms should deploy outsourcing of management accounting services to augment the lack of quality accounting staff, explore opportunities of alternatives of improved, but cheaper, technology to deploy towards improving the competitiveness, and deploy firm-clustering paradigm to take advantage of combined resource utilisation.
Abstract: The birth of globalization has brought about the introduction of new technologies and means of production which exposes developing countries to greater competition. This has resulted in the alteration of the business environment, thereby changing the dynamics of firm characteristics. In view of the foregoing, this paper examines whether or not attr...
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Study on Revision of Disclosure Obligation Under Marine Insurance Clauses in Chinese Maritime Law
Li Junfeng,
Wang Deling,
Wang Yubao
Issue:
Volume 9, Issue 3, June 2020
Pages:
103-108
Received:
5 March 2020
Accepted:
8 April 2020
Published:
23 April 2020
Abstract: Since implemented on July 1, 1993, the Maritime Code of the People's Republic of China has played an irreplaceable role in adjusting the legal relationship in maritime commerce. In recent years, great changes have taken place in the practice of international shipping. To further meet the practical needs of international shipping and judicial practice, the revision of the Maritime Code of the People's Republic of China (for short is CMC) has been put on the agenda officially. The obligation of disclosure occupies an important position in the entire marine insurance legal system, and has continuously changed and evolved over hundreds of years. As the birthplace of marine insurance law, the United Kingdom passed a new insurance law in 2015, named as Insurance Act (IA2015), abolishing the unlimited notification mode for the insured existed for more than 100 years, and introducing a fair presentation obligation and related relief mechanism, which can be described as a revolutionary measure. At present, China's marine insurance is booming, and marine insurance activities need to be guided by accurate, mature and complete legal provisions. Research on the reform of the disclosure obligation model combined with the development of the British insurance law, clarifying its connotation and specific content is helpful to promote relevant adaptation in China, and has important theoretical significance and practical value for revising relevant sections of CMC.
Abstract: Since implemented on July 1, 1993, the Maritime Code of the People's Republic of China has played an irreplaceable role in adjusting the legal relationship in maritime commerce. In recent years, great changes have taken place in the practice of international shipping. To further meet the practical needs of international shipping and judicial practi...
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The Challenges of Measuring Scientific Research Productivity and Impact in Developing Economies
Yassir Hussain,
Laoucine Kerbache
Issue:
Volume 9, Issue 3, June 2020
Pages:
109-116
Received:
10 March 2020
Accepted:
24 March 2020
Published:
23 April 2020
Abstract: Scientific research is a difficult investment to measure. On the one hand, many developing countries around the world use scientific research as a mean to improve their economy and has found way to reduce their dependency on their natural resources. On the other, scientific research is an expensive endeavor. In this paper, we look at the different factors impacting scientific research and consider the relationship between governments and researchers, the impact of businesses on basic research funding, and the methods through which the performance scientific research is measured. This paper also considers the impact of scientific research funding measures on researchers’ careers and briefly discuss the common public research funding mechanisms around the world. We also discuss knowledge-based economy and Solow’s theory of economic growth and its later development made by Romer and some the elements that are not addressed by them. In this review, we have considered developing economies and the difficulties they face in moving away from their dependence on their natural resources towards become economies dependent on producing knowledge and implementing this knowledge into their business practices. This paper takes a closer look at the state of Qatar since it is a developing country trying to move away from its economy’s dependence on fossil fuel production to a knowledge-based economy.
Abstract: Scientific research is a difficult investment to measure. On the one hand, many developing countries around the world use scientific research as a mean to improve their economy and has found way to reduce their dependency on their natural resources. On the other, scientific research is an expensive endeavor. In this paper, we look at the different ...
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China-ASEAN SME Cooperation Under the Belt and Road Initiative Obstacles and Path Choices to Deepen Development
Shaogang Liao,
Zhikang Luo
Issue:
Volume 9, Issue 3, June 2020
Pages:
117-124
Received:
23 March 2020
Accepted:
20 April 2020
Published:
14 May 2020
Abstract: As a national strategy initiated by China and promoted by high-level officials, the “Belt and Road Initiative” has received great attention from the international community. As the fulcrum of the Silk Road Economic Belt and the main hub of the major power strategy, cooperation between China and ASEAN is crucial. The establishment of the ASEAN Economic Community has brought a lot of business opportunities to the ASEAN countries, The ASEAN economy is continuing to grow. The “Belt and Road” initiative proposed by China has promoted economic cooperation and development between China and ASEAN, The China-ASEAN Free Trade Area has been further upgraded, opening markets to each other provides more favorable conditions for cooperation between the two sides. As the main carrier of employment, small and medium-sized enterprises play an important role in activating the economy, absorbing employment, promoting innovation, increasing taxes, facilitating the people and benefiting the people. Strengthening cooperation between SMEs in China and ASEAN is conducive to promoting industrial restructuring and industrial upgrading on both sides, promoting sustained economic growth in China and ASEAN countries, further expanding the common open market between China and ASEAN, promoting regional economic integration, and promoting the growth of the world economy. However, at present, China and ASEAN countries still face many constraints in the cooperation of small and medium-sized enterprises. The overall competitiveness of SMEs is not strong, the ability to develop international markets is weak, financing difficulties, lack of professional personnel and other issues need to be resolved. This article analyzes the opportunities and dilemmas faced by China-ASEAN SMEs at this stage, and proposes countermeasures to promote China-ASEAN SMEs to deepen cooperation.
Abstract: As a national strategy initiated by China and promoted by high-level officials, the “Belt and Road Initiative” has received great attention from the international community. As the fulcrum of the Silk Road Economic Belt and the main hub of the major power strategy, cooperation between China and ASEAN is crucial. The establishment of the ASEAN Econo...
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Stability of Economic Growth Rates in Jordan: Measurement and Analysis
Yaseen Altarawneh,
Saeed Mahmoud,
Alaaeddin Al-Tarawneh
Issue:
Volume 9, Issue 3, June 2020
Pages:
125-129
Received:
1 April 2020
Accepted:
20 April 2020
Published:
14 May 2020
Abstract: Jordan's economy faces several difficulties and challenges. These challenges and difficulties are represented by the small size of the economy on the one hand and the scarcity of its financial and natural resources on the other. These two problems and others have forced the Jordanian economy to be dependent on the outside in several areas. Which in turn made the economy easily exposed to external shocks, whether economic or political. So that this study was mainly aimed at demonstrating the extent to which the Jordanian economy has been affected by external events. To achieve this goal, data were used for the period 1976-2018. Two approaches were applied, one descriptive while the second is econometrics. Stability has been measured and analyzed for long and short periods in three dimensions: GDP growth rates, value-added growth rates by sectors: agricultural, mining, industrial, construction, and services. Growth rates for aggregate demand components: private consumption, government spending, investment, exports, and imports. The results indicated the ability of the Jordanian economy to adapt and absorb shocks from abroad, and the results also showed that instability increases as the economy faces external crises. Finally, the results showed that the stability of GDP growth is linked to the stability of the services sector.
Abstract: Jordan's economy faces several difficulties and challenges. These challenges and difficulties are represented by the small size of the economy on the one hand and the scarcity of its financial and natural resources on the other. These two problems and others have forced the Jordanian economy to be dependent on the outside in several areas. Which in...
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Analysis of Critical Delay Factors in Construction Projects with a Focus on Qatar
Aldana Abdulla Alsulaiti,
Laoucine Kerbache
Issue:
Volume 9, Issue 3, June 2020
Pages:
130-139
Received:
10 April 2020
Accepted:
3 May 2020
Published:
14 May 2020
Abstract: The growth of the construction industry, a major driving force for the Qatar National Vision (QNV) 2030, is assessed in terms of its ability to maintain timely delivery, premium quality, and rigorous cost control. The purpose of this study was to assess the critical delay factors in Qatari building construction projects according to complexity level and determine methods to mitigate them. This study focused on three building categories, four- and five-star hotels, core and shell office/commercial buildings, and worship buildings, constituting four complexity levels. The objectives were to determine the relationship between the delay factors and project characteristics to mitigate the associated risks. A critical motivation for the study was the assumption that some projects in Qatar exhibit very high costs per square meter owing to variations in their execution phases. The methodology comprised case studies and interviews with project experts and was articulated around the development of a complexity categorization framework to achieve the study objectives. The findings indicated that projects with similar complexity levels and characteristics have common factors affecting their time performance. The impacts of certain factors such as changes in scope were found to be significant for any building category at either a high or low complexity level, while delay was shown to be smaller for lower complexity projects. The results support the assumption that the very high costs per square meter of some projects in Qatar arise from variations. This paper demonstrates how a carefully designed research methodology using an appropriate framework can enable identification of the most critical delay factors in construction projects according to building category and complexity level. The focus on Qatar enabled the formulation of a series of recommendations for construction industry decision-makers and operators as well as a policy proposals to government entities and major stakeholders to streamline the construction process and mitigate critical delays. The findings of this study provide insights into project time performance in terms of the selected project categories with various complexity levels.
Abstract: The growth of the construction industry, a major driving force for the Qatar National Vision (QNV) 2030, is assessed in terms of its ability to maintain timely delivery, premium quality, and rigorous cost control. The purpose of this study was to assess the critical delay factors in Qatari building construction projects according to complexity leve...
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Inflation Targeting and World Monetary Shocks: Evidence from Developing Economies
Issue:
Volume 9, Issue 3, June 2020
Pages:
140-150
Received:
16 April 2020
Accepted:
3 May 2020
Published:
27 May 2020
Abstract: The paper assesses the co-movement of local and foreign interest rate for developing countries with a full-fledged inflation targeting framework during and after the 2008 financial crisis. A panel linear optimizing monetary model is estimated by the fixed effects with spatial correlation standard errors over quarterly span from Q12007 to Q2 2019. The results suggest that inflation targeters are highly vulnerable to external monetary shocks, even after years of notable efforts to de-dollarization and complete shift towards a full-fledged inflation targeting. From a regime evaluation prospective, the inflation targeters’ response to world monetary shocks is compared to that of a group of fixed exchange rate rule economies and managed exchange rate countries with other monetary regimes. The findings provide evidence that inflation targeting countries are not different in their interest rate response to world monetary shocks compared to non-inflation targeting countries’, and instead of having more flexibility, inflation targeters show stronger reaction to world monetary shocks. These results are found robust when generated out from different subsamples and under assumptions of strict and flexible inflation targeting and policy inertia. The findings indicate that adopting inflation targeting as a framework for monetary policy does not by itself support the overall macroperformance and independence of monetary policy or force continuing commitment to the inflation targeting conditions.
Abstract: The paper assesses the co-movement of local and foreign interest rate for developing countries with a full-fledged inflation targeting framework during and after the 2008 financial crisis. A panel linear optimizing monetary model is estimated by the fixed effects with spatial correlation standard errors over quarterly span from Q12007 to Q2 2019. T...
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Implications of United States - China Trade War to Indonesia
Issue:
Volume 9, Issue 3, June 2020
Pages:
151-159
Received:
30 January 2020
Accepted:
11 May 2020
Published:
29 May 2020
Abstract: The trade war between the United States (US) and China is occurred at the time the two countries has mutually apply the additional effective tariffs since the beginning of September 2019 on comodity they trade. This trade war could have positive and negative impacts to Indonesia. The positive is Indonesia has potentialy become an industrial countries destination that departs from China to find a new locations. The negative is the demand of raw materials nor the comodity from Chinese to Indonesia will be decrease. This article is a result of research in East Java and South Sumatra Province in 2019. The analysis in this paper is based on the research results using the qualitative methods. The Data collection techniques conducted through the interviews on field with random selected respondents, the field observations and the literature studies. The field research was carried out with the purpose of analyzing the implications of the US-China trade war toward Indonesia. The results of the study shown that Indonesia is transforming its finances in order to remain competitive in global economic uncertainty due to the trade war. In order to meet this need, several steps taken by Indonesia including the regulations harmonization, strengthen the national economy on an inclusive basis and Indonesia’s economic diplomacy.
Abstract: The trade war between the United States (US) and China is occurred at the time the two countries has mutually apply the additional effective tariffs since the beginning of September 2019 on comodity they trade. This trade war could have positive and negative impacts to Indonesia. The positive is Indonesia has potentialy become an industrial countri...
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