Fund Administration Research Articles

Village Financial Management in Accordance with Minister of Home Affairs Regulation No. 20 of 2018

General background effective village financial management is crucial in Indonesia, especially in light of increasing government regulations aimed at improving transparency and accountability. Specific background this study focuses on the implementation of Minister of Home Affairs Regulation No. 20 of 2018, which outlines mandatory processes for village financial management. Knowledge gap despite the existence of this regulation, there is a lack of comprehensive understanding regarding its practical application across different villages. Aims this research to investigate the planning, implementation, administration, reporting, and accountability of village funds in accordance with the regulation. Results findings reveal that the village's financial management processes comply with the regulation, demonstrating adherence to the required stages of management. Novelty the study provides a unique contribution by offering an in-depth analysis of village fund management within the context of regulatory compliance, highlighting both challenges and best practices. Implications the results emphasize the need for continued training and resources for village officials to ensure adherence to regulations and improve the effectiveness of village financial management systems. Highlights: Compliance with Minister of Home Affairs Regulation No. 20 of 2018 is essential for effective fund management. Involvement of the community in the planning process fosters transparency and accountability. Comprehensive training for village officials is necessary to enhance financial management practices. Keywords: Finance, Village, Participation, Planning, Transparency

Financial Model Construction and Identification of Abnormal Activities in Mobile Networks for e-commerce Platform Using Machine Learning Algorithm

The advancement of informatization has significantly affected many sectors due to e-commerce, rendering the existing Financial Model (FM) inadequate for e-commerce customers. Artificial Intelligence (AI) substantially enhances the financial accounting capabilities and resource integration of systems using mobile networks. The insufficient FM of e-commerce tools and issues such as the administration of funds have significantly obstructed the advancement of standardized financial procedures, as the FM structure impacts managers' statistical evaluation of financial information. This research examines the financial hazards, management issues, and underlying causes of these issues inside e-commerce systems, subsequently employing AI to assess the FM operations of these websites in Peru. This research uses a Machine Learning (ML) approach to examine the clustering centers of FM information as well as the privacy aspect of the FM. This study ultimately presents ways for optimizing and constructing FMs to enhance data security and capital administration in e-commerce financing, hence fostering the continued growth of e-commerce systems using mobile networks. The experimental findings indicate that the FM’s classification value and security aspect for e-commerce systems progressively enhance under the ML. The average classification value is 1.23, whereas the average risk factor is around 1.41. AI and ML improve financial accounting requirements and the long-term growth of e-commerce systems in Peru.

PLANNING FOR INCREASING LECTURER RESEARCH PRODUCTIVITY

The World Class University trend in higher education has an impact on the need for planning in the research aspect because the quantity and quality of research are very influential in global university rankings. This research explores planning strategies as well as challenges and obstacles in efforts to increase the research productivity of lecturers in the Building Engineering Education Study Program, Universitas Negeri Jakarta based on the perspective of the study program coordinator. This research uses a qualitative descriptive approach using data collection techniques in the form of documentation complete with interviews with the study program coordinator. The research productivity increases in some years, such 2021 and 2023, but there are inconsistent research trends from 2017 to 2024. Some of the plans carried out by the study program to increase lecturer research productivity include the 1 lecturer 1 publication per year program, expanding cooperation and collaboration with national and international universities in research and scientific publications, holding international scientific article publication workshops, initiating collaboration with industry in the field of research and forming a research team of lecturers. The obstacles and challenges faced by the study program include lecturer workload, resources, funding, and research administration burden

Analysis of Village Financial Management Based on the Minister of Home Affairs Regulation No. 20 of 2018(Case Study in Bangun Rejo Village, Tanjung Morawa District)

All activities including planning, implementation, administration, reporting and accountability of village funds are collectively referred to as village financial management. The purpose of this study was to determine how Bangun Rejo Village, Tanjung Morawa District, has implemented financial management in accordance with the Regulation of the Minister of Home Affairs Number 20 of 2018. The research methodology used is descriptive qualitative. Data collection techniques include documentation, interviews, and observations. The results of the study indicate that in general the procedures for financial management of Bangun Rejo Village are in accordance with the Regulation of the Minister of Home Affairs Number 20 of 2018

Sustainability Analysis of the Revolving Fund Program of the LPDB (Revolving Fund Management Institution): MICMAC Method Approach

The importance of access to credit for micro, small, and household craft enterprises, including cooperatives, has become a major focus in improving working capital financing and capital accumulation to support industrial income. The government through the LPDB (Revolving Fund Management Institution) has launched a revolving fund program that aims to strengthen the capital base of cooperatives, increase the capacity of human resources in business and financial management, and increase the role of cooperatives in expanding employment opportunities and reducing poverty. According to data from the Cooperative Business Development Division of the Denpasar City MSME Cooperative Office, from 2021 to 2023, there were five cooperatives that received the LPDB revolving fund program, but did not consistently reapply for the funds. This raises concerns regarding the sustainability of the program and the factors that influence it. This study aims to identify the factors that influence the sustainability of the LPDB program for cooperatives in Denpasar City. Using the MICMAC (Matrix of Cross Impact Multiplications Applied to a Classification) analysis method, this study reveals that the revolving fund administration requirements and members' information and knowledge about the revolving fund have the most significant direct influence. These findings underscore the importance of simplifying the administrative process and improving member knowledge to ensure the success of the program. In addition, active member participation emerged as an important predictor of program sustainability, highlighting the importance of members' direct involvement in supporting their economic activities. Thus using this method can uncover critical factors, and provide a comprehensive understanding that can inform policy adjustments and strategic implementation to improve program sustainability.

The Impact of Policies Regulating the Development of Private Equity on the Growth of Investment Firms

In the current economic environment, there are many kinds of private investment. The importance of how to ensure that investment companies operate rationally and invest successfully, regulate investment behavior and private equity fund managers of investment companies is becoming more and more apparent. Stable and reasonable regulatory policies are conducive to the promotion of improved profitability of investment companies and the long-term stable development of the capital market, among which the promulgation of the Regulations on Supervision and Administration of Private Investment Funds (the "Regulations") has had a profound impact on the growth of investment companies. This paper focuses on the positive and negative impacts of the Regulations on the growth of companies, and selects representative companies in the capital market services for comparative analysis. The results of the study show that the promulgation of the Regulations further regulates the development of the private equity fund industry, making investors more cautious in their decision-making, and thus promotes the development of the growth of private equity fund investment companies.

Unlocking Fraud Prevention in Village Fund Management: Causal Factor Perspective

This study sought to ascertain the impact of person morality, compensation suitability, village apparatus competency, and accountability on the partial prevention of fraudulent village fund administration. The methodology employed in the research is a quantitative research method and uses primary data, namely in the village in Babelan District, Bekasi, West Java. The sample used was 50 respondents in the 2022 period through purposive sampling method. The With a significance threshold of 5%, the multiple linear regression analysis methodology is employed. The study's findings partially indicate that while accountability has a significant negative impact on preventing fraud in village fund management, village apparatus competence, compensation suitability, and individual morality have positive and significant effects on this variable. Implications for managers in this research All village fund management procedures, including the creation of financial reports and reporting on the usage of funds, must be carried out honestly, according to management funds, Conduct periodic performance evaluations to ensure that village officials have adequate and continuously improving capabilities, Establish a fair compensation scheme and in accordance with the responsibilities and workload of village officials.

Blockholder voting power and investment decisions: Evidence from cross-border deals in Latin America

This paper examines the relationship between blockholder coalitions and the probability of completing a cross-border merger and acquisition. Using different power indices based on Shapley-Shubik values for cooperative games for a sample of acquirers' firms from Latin America, our findings indicate an inverted-U-shaped relationship between the voting power of the largest blockholder and the likelihood of completing a cross-border deal. This relationship is strengthened by the number of active blockholders and the participation of institutional investors within coalitions among the top four blockholders, particularly pension fund administrators. Consequently, we observe that colluding blockholders in acquirer firms are more inclined to pursue risky cross-border acquisitions, but only when they possess relatively low levels of voting rights. Additionally, the study highlights a positive moderating effect of cross-border deals with coalition agreements on the long-term value performance of acquiring firms, suggesting that coalition agreements promote overseas acquisitions that enhance value.

Performance of active portfolio managers when the benchmark is not observable

We present a specialized methodology designed for evaluating the performance of active portfolio managers in situations where the common benchmark portfolio cannot be directly observed or determined by the analyzing agent. This method assesses performance by examining the excess alpha of an optimal active fund with respect to a combination of such funds that efficiently minimizes residual risk. After establishing the theoretical underpinnings of this approach and deriving the necessary statistical tests, we then showcase its practical application in assessing the historical performance of pension fund administrators operating within the Peruvian Private Pension System.

Pension Fund Administrators and Financial Transparency of Retirement Savings Funds in Nigeria

Pension Fund Administrators and Financial Transparency of Retirement Savings Funds in Nigeria

DATA WAREHOUSING IMPLEMENTATION IN HEDGE FUND ADMINISTRATION INDUSTRY

This research work tried to provide an outline specification for scope of implementation of data warehousing. This model is targeting industry as a whole and covering general system and data sets which are minimally required by each and every hedge fund administrator, however based on geographical location and changes in regulatory conditions, macroeconomic environment across the globe and software, networking and hardware technical advancements and security led to open doors for further study and research according changes in trends and scope as we discussed. Few areas identified can be classified as: Technical Scope, Financial and budgetary changes, Changes in regulatory process, Change in macroeconomic environments, Changes in accounting terms, Information Security. KEYWORDS: Data Warehousing, Hedge Funds, Extraction, Administration, Trading

The Concept of Electronic Pensioner in Some Countries Versus Romania

We aim to introduce the concept of e-pensioner (EP) with the intention of having this term used as a document within the European Union’s strategy on Artificial Intelligence (AI) for the period 2023-2027 and after implemented into the legislation of member countries. The relationship between older generations and emerging forms of digitalization and artificial intelligence is the focal point, aiming to provide an easily approachable dimension for pensioners. This article presents an analytical framework and approaches for integrating pensioners into the digital era. Following the exposition of theoretical foundations, the article delineates the use of pensioner cards in select countries worldwide. The intersection of pensioners with the digital era proves to be a fertile entry point for examining regulatory ordinances in the digital realm. A novel digital form, the AI-based digital portal, involves a technique of facial authentication for pensioners to send digital life certificates. Two key factors are named across all examined countries. The primary driver of digital transformation is propelled by the desire to enhance the efficiency and efficacy of public administration, which becomes particularly crucial as populations age, leading to increased demand for social services and competition for limited resources in the developed public sector. The innovative application of technology presents opportunities for streamlining processes, enhancing productivity, and reducing costs while concurrently improving service quality. The use of artificial intelligence (AI) in the management and administration of public pension funds stands for a natural progression of technology in the public domain. In an environment characterized by complexity and volatility, AI can provide a level of analysis and prediction that exceeds human ability. Presently, there exists a wide array of AI-powered tools for object detection, natural language processing, understanding and inference, optical character recognition, predictive analytics, anomaly detection, noise elimination, model forecasting, recommendation systems, and monitoring and observability.

Annual epidemiological and health insurance disease burden of hip osteoarthritis in Hungary based on nationwide data

BackgroundHealth services utilization related to hip osteoarthritis imposes a significant burden on society and health care systems. Our aim was to analyse the epidemiological and health insurance disease burden of hip osteoarthritis in Hungary based on nationwide data.MethodsData were extracted from the nationwide financial database of the National Health Insurance Fund Administration (NHIFA) of Hungary for the year 2018. The analysed data included annual patient numbers, prevalence, and age-standardized prevalence per 100,000 population in outpatient care, health insurance costs calculated for age groups and sexes for all types of care. Patients with hip osteoarthritis were identified using code M16 of the International Classification of Diseases (ICD), 10th revision. Age-standardised prevalence rates were calculated using the European Standard Population 2013 (ESP2013).ResultsBased on patient numbers of outpatient care, the prevalence per 100,000 among males was 1,483.7 patients (1.5%), among females 2,905.5 (2.9%), in total 2,226.2 patients (2.2%). The age-standardised prevalence was 1,734.8 (1.7%) for males and 2,594.8 (2.6%) for females per 100,000 population, for a total of 2,237.6 (2.2%). The prevalence per 100,000 population was higher for women in all age groups. In age group 30–39, 40–49, 50–59, 60–69 and 70 + the overall prevalence was 0.2%, 0.8%, 2.7%, 5.0% and 7.7%, respectively, describing a continuously increasing trend. In 2018, the NHIFA spent 42.31 million EUR on the treatment of hip osteoarthritis. Hip osteoarthritis accounts for 1% of total nationwide health insurance expenditures. 36.8% of costs were attributed to the treatment of male patients, and 63.2% to female patients. Acute inpatient care, outpatient care and chronic and rehabilitation inpatient care were the main cost drivers, accounting for 62.7%, 14.6% and 8.2% of the total health care expenditure for men, and 51.0%, 20.0% and 11.2% for women, respectively. The average annual treatment cost per patient was 3,627 EUR for men and 4,194 EUR for women.ConclusionsThe prevalence of hip osteoarthritis was 1.96 times higher (the age-standardised prevalence was 1.5 times higher) in women compared to men. Acute inpatient care was the major cost driver in the treatment of hip osteoarthritis. The average annual treatment cost per patient was 15.6% higher for women compared to men.

Use of SWOT analysis to select feasible businesses as the mainstay business of BUMDes and MSMEs

COVID-19 pandemic, which lasted from 2020 to 2022, has affected the global economy. Activity restrictions had hampered the progress of various business sectors. As a result, there was a decline in economic growth globally. There was even an economic contraction of -13.7% in 2020 and many businesses experienced either setbacks or bankruptcies. Indonesia’s government made various recovery efforts, such as business assistance through village-owned enterprises (BUMDes) activities and capital assistance for MSMEs in the form of people’s business credit (Kredit Usaha Rakyat/KUR). Various trainings and assistance were conducted, but these activities focused more on reporting and administration of funds. The establishment of BUMDes mainly aims to improve the villages’ economy. The selection of BUMDes' mainstay business is highly important to realize the smooth running of the business chosen. For this reason, it is necessary to conduct training on how to select of the mainstay business and calculate the feasibility of the business chosen to be developed so that BUMDes and MSME actors can manage and develop their business properly. The selection can use SWOT analysis, namely by analyzing the strengths, weaknesses, opportunities, and threats of the potential business options. In this community services activity, BUMDes and MSME training was held in Bogorejo Village, Pesawaran Regency, Lampung Province. The results of SWOT analysis reveal that the feasible business options are digital financial services (BRI-Link), agricultural trading (waserda), and waste collection and waste bank. Waserda business aims to help market the local community's products. Waste management business economically generates small profits, but has long-term positive effects, both environmentally and socially. Meanwhile, tourism park and savings and loan are considered not feasible in the long-term, as these businesses are susceptible to bottlenecks and large losses so that they must be managed very carefully.

Basic Financial education to obtain a decent retirement

The importance of financial education and its relationship with the population of retirement age, 65 and over, which will increase in the coming years in Mexico, is a reason to study the possible economic scenarios that it will face. The first objective of the exploratory and comparative study is to evaluate the retirement pension of two cases of workers of the Secretariat of Public Security of the State of Veracruz (SSP), breaking down the perceptions received as part of the payroll, emphasizing the perception called salary, since this will be the monthly amount of a retirement pension; and secondly, plan a decent retirement through the financial product called Retirement Fund Administrator (AFORE). It is concluded that opting for an AFORE product has a positive impact on a dignified retirement, hence the importance of financial education to have knowledge and plan and manage money.

Empowering Local Communities Through Zakat to Achieve Sustainable Development Goals

The Prosperous Village Livestock Program at LAZNAS Nurul Hayat Kediri City serves as a model for utilizing zakat to bolster local communities towards sustainable development goals. This qualitative case study employs document analysis, interviews, and field observations to delve into the efficacy of this program. Despite challenges in zakat fund administration and economic limitations, findings indicate its effectiveness in community empowerment through livestock company financing, training, and social network enhancement. This study uniquely focuses on zakat-driven empowerment to combat poverty and foster sustainable development at the grassroots level. By addressing the research problem of how zakat can be leveraged for long-term community development, it fills a critical gap in existing literature. Phenomenologically, the subject of this study encompasses individuals involved in or affected by the Prosperous Village Livestock Program, while the object is the empowerment process facilitated by zakat utilization.

An Evaluation of the Innovative Funding Models on Effective Administration of Secondary Schools in Imo State, Nigeria

There is room for innovations at every given point in time including in the financial management of educational institutions. Innovative funding models are contemporary funding models explored and used in effective and efficient financial maintenance of an institution. This institution can be educational, financial, religious, business, and so on. This study examined the influence of innovative funding models on administration of secondary schools in Imo State. Two research questions guided the study while two hypotheses were tested at 0.05 level of significance. Descriptive survey research design was adopted for the study. The population for the study was 297 principals which comprised 83 males and 214 females. There was no sampling procedure because the population was manageable. The questionnaire used for data collection was a 15-item structured titled “Innovative Funding Models on Effective Administration of Secondary Schools Questionnaire (IFMEASSQ)”. The questionnaire was validated by three research experts, two experts in Educational Management from the Department of Social Science Education and one expert in Measurement and Evaluation unit of Department of Educational Foundations, all from Faculty of Education, Imo State University (IMSU), Owerri. Cronbach Alpha statistic was used to compute the internal consistency of the instrument which yielded .83 and .81 for clusters 1 and 2 with an overall reliability index of .82 which indicates that the instrument was reliable. The research questions were answered using mean and standard deviation while the hypotheses were tested with t-test statistic. The findings of the study showed that community involvement and corporate sponsorships influence the administration of secondary education in Imo State to a great extent. Based on the findings, the study recommended that Imo State government should create attractive policies that would enhance massive participations of individuals and corporate bodies in the funding administration of secondary schools.

Examining the Roles of National Assembly in Promoting Good Governance and Nation-Building in Nigeria

The legislature is an institution which represents the common and collective interests of the citizens through the enactment of laws and the exercise of oversight functions on the activities of the executive arm of government. For stable and sustainable international peace, nation-building and good governance require building effective societal, economic and political structures that meet the needs of the people. In the quest for nation-building in a democratic state like Nigeria, the exercise of effective legislative oversight function is crucial. It acts to provide checks and balances in cases when the executive branch operates unconstitutionally. It also aims to ensure that all relevant societal groups are included in and benefit from the nation-building and development exercise and that government policies and budgets are implemented in an effective, efficient, transparent and accountable manner. The power of oversight is constitutionally provided to the Nigerian legislature to enable the National Assembly to curtail corruption, inefficiency, or embezzlement in the executive or administration of laws within its legislative right and in the disbursement and administration of funds appropriated by the Acts. Unfortunately, the Nigerian legislature’s capacity to carry out its oversight functions remains ineffective because the legislature and culture are in their infancy and often confronted by many challenges. The focus of this paper is to examine the roles of the national assembly in promoting good governance and nation-building. This paper further recommends that the citizens elect upstanding individuals with no histories of corruption and greed.

Regulating donation-based crowdfunding platforms in Hong Kong: A trust law framework

With the advance of technology, several crowdfunding platforms have emerged in Hong Kong to host informal public donation appeals. Unlike charitable crowdfunding activities, these appeals focus on crowdfunding to provide relief to specific individuals or groups in need. Due to the recent emergence of online informal public donation appeals and their lack of public benefit, regulatory bodies have not paid much attention to their regulation. However, recent media coverage highlighting scandals of maladministration of donation funds in the context of informal public donation appeals has impelled regulators to establish a systemic framework to govern crowdfunding platforms that host informal public donation appeals. This article addresses two main aspects of this topic. First, it discusses the operation of crowdfunding platforms that host informal public donation appeals and the risks associated with them. Second, it explores the feasibility of utilising trust law to regulate the administration of donation funds by these crowdfunding platforms.

Co-production and the Use of Constituency Development Funds (CDFs) in Poverty Alleviation: A Case of Selected Constituencies in Zambia

Constituency Development Fund (CDF) is the generic name for a policy tool that dedicates public money to benefit specific political subdivisions through allocations and/or spending decisions influenced by their representatives in the national parliament (Centre for International Development 2009: 8-9). Dissimilar to large national development projects, CDF-financed projects are essentially community based and driven with the major aim of bringing facilities and services closer to people for purposes of improving their social economic living conditions, especially reducing poverty. In the 2022 Zambia National Budget, CDF saw an unprecedented increase in the size of funding and scope of its mandate. For the year 2023, CDF was increased from K25.7 million (USD 1,070,833) to K28.3 million (USD 1,179,167) per constituency while being expanded to include additional components such as youth, disabled and women empowerment programs as well as secondary school bursaries that will now be locally administered. It is in this regard that the authors undertook a study to assess the impact of CDFs on poverty alleviation in 12 constituencies selected namely, Kankoyo, Moomba, Bweengwa, Mpika, Rufunsa, Monze, Chawama, Mufulira, Kaoma, Kantanshi, Mbala and Solwezi. Data was collected from men, youth and the disabled from the said constituencies. Due to the nature of data collected, mixed methodology research was used. Qualitative data was analysed with the aid of ATLAS.ti while quantitative data was analysed using SPSS Version 30. Key findings are that the general public is aware of the existence of the CDFs and that it is a government empowerment programme especially for funding education and skills acquisition through school bursaries and skills development components, community projects and empowerment loans. However, empirical evidence on the ground point to challenges of the CDFs through political patronage, nepotism, the abdication of key decision making to the politician (Member of parliament) who has massive influence as he/she has power to arbitrary hand-pick 6 members out of 12 to the main CDF committee responsible for administration of CDF funds.