Financial Affairs Research Articles

Kinship Politics of Village Government in Lobulayan Sigordang Village West Angkola Districts South Tapanuli Regency

This study aims to find out how kinship politics in village government in Lobulayan Sigordang Village, West Angkola District, South Tapanuli Regency includes the causal factors and patterns of the existence of kinship politics. This research is a case study research using a qualitative descriptive method. Data collection techniques in this study include observation, interviews, and documentation. In determining the research subjects used purposive sampling technique, so in this study the research subjects were the Head of Lobulayan Sigordang Village, Secretary of Lobulayan Sigordang Village, Head of Government Section, Head of Community Section, Head of Financial Affairs, and Head of Planning Affairs. The research data were obtained through observations, interviews, and documentation, then processed and analyzed by first reducing the data then displaying the data in tabular form and the last narrative description drawing conclusions on the findings of the research data. Based on the research that has been done, there is kinship politics in the village government in Lobulayan Sigordang village, the manifestation of kinship politics is seen from the election of village officials who occupy village officials positions that are not based on their abilities or not through a predetermined procedure, but rather based on on consideration of good kinship because of blood ties, marital ties, and clans. The factors behind kinship politics in Lobulayan Sigordang village are: low level of education, assessing that kinship politics is not a wrong thing, and feelings of not being betrayed by family or relatives in running the village government.

The neglected contributions of self-efficacy to older adults’ financial capacity

Purpose An ageing population comes with its own set of challenges such as impaired financial capacity and resultant dependency on others to manage financial affairs. Dependency, in turn, as the evidence suggests, creates opportunities for financial exploitation of older adults. Related studies have primarily examined the clinical features and correlates of financial capacity or have attempted to develop its multidimensional measures. Both of which do little to resolve issues associated with impaired financial capacity. This paper aims to make a case for future researchers to assess older adults’ financial capacity from a non-clinical aspect. Design/methodology/approach Drawing on the notion of self-efficacy, as encapsulated within the social cognitive theory, this paper presents evidence from a host of different domains to demonstrate the potential contributions of self-efficacy to older adults’ financial capacity. Findings The contributions of self-efficacy in preserving older adults’ financial capacity appear to be much more profound than is currently acknowledged in the literature, thereby overlooking potentially promising and cost-effective interventions for autonomous ageing. Originality/value This paper presents a novel application of self-efficacy to autonomous ageing. Within this context, potential routes to the deployment of self-efficacy-based interventions are also discussed.

Financial literacy education: An opportunity for colleges and sociology

AbstractFinancial literacy represents the knowledge necessary to manage one's financial affairs in a way that contributes to overall wellbeing, yet financial literacy and financial education are understudied in sociology. While emerging adults have low rates of financial literacy overall, this article focuses on college students due to increasing college access and student loan debt. Based on the limited literature that assesses college financial literacy education, it appears that these types of programs may serve to advance college students' financial knowledge. Additional mechanisms that serve to develop college students' financial literacy include parent socialization, banking experience, and high school financial education programs. However, not everyone has the same access to these resources. Thus, given the magnitude of the US student debt crisis and persistent economic inequalities, college financial literacy education may prove beneficial for all students, particularly those from economically vulnerable backgrounds. This article serves as an invitation to sociologists to consider financial literacy education as both a worthwhile pursuit in application and as a research topic.

The Method of the Holy Prophet in the Distribution of Lands and Estates: Discussions and Modern Applications from Books of Amwal

This study aims at analyzing those instances and traditions of the holy prophet (PBUH) which have been narrated in these books written on financial matters and which are not found in other books. Also, this study will help to devise such policies in light of these financial traditions which will be an addition to the subject and feeble economies of the contemporary world. As well, this study will elaborate on how many narrations are there in the books of Amwal in the early centuries, from which jurisprudential rulings are derived, and how can the economic system be improved by applying them to contemporary states and financial affairs? Also reviewing the historical evolution of books of Amwal and determining their types and constitutional requirements, proving the Sirah of the Holy Prophet (PBUH) as a source of legislation in financial laws and presenting the precedent from these books, as well as formulation and expansion of financial laws of modern Islamic states. Thus the main purpose of research is to find parables and arguments from the books of Amwal.

Financial abuse, statutory provisions and the courts: adequacy and analysis of enduring and lasting powers of attorney

Purpose Financial abuse can be difficult to detect, and it is deemed to have the same potential to cause distress as other forms of abuse. The delegation of financial affairs brings with it the scope for degrees of exploitation. This study aims to assess the adequacy of the statutory provisions and courts in England and Wales at protecting at risk older people from the harm of financial abuse. Design/methodology/approach This review focuses on the enduring power of attorney and the lasting power of attorney provisions. Cases discussed were selected based on their judgments’ significance in relation to these powers, the range of issues illustrated and the extent of associated commentary and attention received in the literature. This piece is presented as a narrative review, and as such, references to case law and associated commentary are non-exhaustive. Findings Shortcomings and vulnerabilities are identified and explored with respect to both provisions. These are contrasted and contextualised in view of the broader challenges and complexities associated with preventing financial abuse within society. Key consideration is given to powers of creation, registration, supervision, objection and revocation in addition to the role and powers of both the Office of the Public Guardian and the Court of Protection. Originality/value Given these powers of attorney are exercised during a donor’s lifetime, they will directly experience their effects. This review illustrates there remains scope for further reform to introduce new safeguards and bolster existing ones to mitigate the risk of financial exploitation and to support people to plan and safeguard their financial future with increased confidence and security.

Financial literacy: Thai middle-class women do not lag behind

This research studies the stylized fact of a “gender gap” in that women tend to have lower financial literacy than men. Our data which samples middle-class people from Bangkok does not show a gender gap for those with at least minimum wage earnings. This result is not explained by men’s low financial literacy, nor by women’s high income and good education. Rather, country characteristics may influence finance-specific gender equality, such as Thailand’s small gender gaps in pupils’ mathematics abilities and secondary school enrollment, and women’s strong role in financial affairs. This may indicate ways to reduce the gender gap in financial literacy elsewhere.

Rural-Urban Financial Literacy Divide in India: A Comparative Study of Kerala and Uttar Pradesh

One of the significant competencies required in the contemporary scenario is an awareness or knowledge of varied financial affairs and the skill to handle matters apropos of finance. The dearth of financial literacy precludes rural people from the country's formal financial system and created a rural-urban financial divide, especially in the digitalized era. Effective incorporation of financial literacy in formal education will lead to greater access to financial services. This paper tries to find the rural-urban financial literacy divide based on the primary data collected from two states of India, namely Kerala and Uttar Pradesh. A total of 400 samples respondents were taken by using the multi-stage sampling technique. A comprehensive approach for measuring financial literacy is developed by constructing the Financial Literacy Index (FLI), which comprises financial knowledge, financial behaviour, and financial attitude. The results concluded with the rural-urban financial literacy divide findings as the financial literacy in rural areas is consistently lower than in urban. The results expose the need for a persistent and prolonged intervention from all the stakeholders, including policymakers, to enhance and sustain financial literacy to accomplish a bright financial decision making by the rural people.

THE INFLUENCE OF VILLAGE APPARATUS COMPETENCE, ORGANIZATIONAL COMMITMENT, AND COMMUNITY PARTICIPATION ON VILLAGE FUND MANAGEMENT ACCOUNTABILITY

This study aims to determine the effect of village apparatus competence, organizational commitment, community participation on village fund management accountability in the existing village in Bulukumpa sub-district, Bulukumba district. This type of research is quantitative research using primary data. The population used is 11 villages, and the sample is village fund management apparatus in Bulukumpa sub-district, Bulukumba district starting from the village head, village secretary, treasurer (head of financial affairs), head of affairs as many as 120 samples. data collection method using a questionnaire. The results showed that: (1) The competence of village officials had a positive and significant effect on the accountability of village fund management. (2) Organizational commitment has a positive and significant effect on village fund management accountability, (3) Community participation has a positive and significant impact on village fund management accountability , (4) Competence of village officials, organizational commitment and community participation have a simultaneous positive and significant effect on village fund management accountability . This shows that the better the competence of village officials, organizational commitment, and community participation, the better the accountability of village fund management will be.

The role of financial literacy and risk tolerance: an analysis of genderdifferences in the textile sector of Pakistan

This research explores the effect of financial literacy and risk tolerance on decisions making for investment by men andwomen in the textile sector of Pakistan. It examines the role of risk tolerance as mediator in relation between financialliteracy and individual’s investment decision making. It also examines the moderating effect of gender differencebetween financial literacy and risk tolerance. Collection of research data was done from the 300 respondents in thetextile sector of Faisalabad through the self-administered questionnaire by using convenient sampling. This researchwork represented the facts that financial literacy has a positive and significant relationship with risk tolerance, andinvestment decisions are significantly influenced by it. Risk tolerance has a positive and insignificant impact oninvestment decisions.In contrast, the mediation role of risk tolerance is insignificant between the financial literacy level of individuals anddecisions made by them for investment. The purpose of a moderator as gender differences is significant. This studyempowers managers to provide basics financial services to employees. Management might be guided that what shouldbe highlighted and what has to be improved to enhance the financial literacy level of textile workers. Employers can playa vital role in building awareness and to educate their employees on fiscal wellness, investment planning, andretirement. Financial literacy can also help employees to achieve commercial success, and it is fruitful in providingbenefit plans at work and in their financial affairs

Impact of Financial Attitude, Financial Literacy and Parental Financial Socialization on Prudent Financial Management Practices: A Moderating Effect of Financial Well-Being among the Youth of Pakistan

This study intends to explore the effect of Financial Attitude, Financial Literacy, and ParentalFinancial Socialization on the prudent financial management practices, amid the youth of Pakistan with moderating effect of Financial Well-Being. The population consist over the youth of Pakistan for which the data was collected through an online questionnaire. The study adopted the quantitative approach for which the data from 450 respondents was collected. Subsequently, the data was analyzed with the help of Smart PLS. The results indicated that Parental Financial Socialization, Financial Attitude, and Financial Literacy have a significant and positive relationship with Prudent Financial Management Practices. However, Financial Well-Being does not have significant moderating effect with Parental Financial Socialization, Financial Literacy, and FinancialAttitude. The results further highlighted serious concerns of the effectiveness of Financial Well-Being towards improving youth capabilities in managing their financial affairs in the marketprudently. It shows that challenges faced by the youth in the country market to strengthen thefinancial well-being of an individual by guiding them thoroughly, enhance the effectiveness, andencompass the right elements pertains to financial well-being to ensure today's young Pakistaniability to apply that in the real market place and have full financial freedom Keywords: Financial Attitude, Parental Financial Socialization, Financial Literacy, Prudent FinancialManagement Practices, Financial Well-Being

IMPLEMENTATION OF GOOD GOVERNANCE TO IMPROVE THE PERFORMANCE OF VILLAGE GOVERNMENTS

Law No. 6 of 2014 concerning villages is the starting point for villages to manage their government independently. However, in the management of government, many villages are still weak in implementing good governance, so that it has an impact on their performance. This study specifically wants to examine the role of good governance in improving the performance of village governments. This study examines the principles of good governance, transparency, accountability, community participation and fairness towards village government performance. The population of this research is the village government in the Meranti Islands Regency. The sampling technique used was area sampling, so that a total sample size of 31 villages was obtained in Tebing Tinggi, Tebing Tinggi Barat and Rangsang Barat, Meranti Islands Regency. Data was collected through a survey by distributing questionnaires to respondents consisting of the village head, village secretary, head of financial affairs and head of general affairs. The analytical method used in this study is multiple regression analysis with the help of SPSS version 23.0. The results showed that transparency, accountability, community participation and justice had a positive effect on the performance of the village government. This indicates that increased transparency, accountability, community participation and justice will improve the performance of village government in Meranti Regency. The research supports the stewardship theory that the village government will act to fulfill the interests of the village community.

LU-ABARKKU ASSYRIAN MINISTER OF FINANCE (STUDY IN MODERN ASSYRIAN TEXTS 911-612 BC(

This Study Deals with one of the Assyrian Functions (The Position of Abarraku Minister of Finance). This Position has been Characterized by an important Historical Position in Mesopotamia in General and in the Assyrian Empire in Particular Because of its Role not limited to Administrative Duties related to financial affairs. Rather, the Duties Varied and included Also The military and political, in particular. He who holds this position governs a province, and in studying this position we have Relied on the Assyrian Cuneiform Texts that were Found by the British College of Archeology During its excavations in Nimrud in the years 1949-1962 AD, as it Included these Texts (letters, Economic, legal and Administrative Documents). These Texts are from our Meagre knowledge about the Administrative Organization of the Assyrian Empire, so we were able Through them to Know The Functional Responsibilities with Economic Tasks in the Palace and The Kingdom in Terms of Imports, Expenditures, and the Military and Administrative Entrusted to The Abarraku.

Research and Application of Aptitude Information System and Management Software in Environmental Protection Mechanism

Environmental protection is an important measure to maintain sustainable economic and social development. In response to the increasingly complex external environment and the improvement of lean management requirements of enterprises, the financial management of environmentally-friendly enterprises are an effective way to develop blueprints and strategic goals, and it has an important role to improve corporate efficiency. As an important part of the allergy economy, environmental protection enterprises must innovate their financial management models, improve their budget management systems, actively respond to environmental conditions, and strive to maximize their financial value. Based on this background, this paper takes environmental protection enterprises as an example, analyses the innovative methods of lean management of financial affairs within the enterprise, and hopes to provide new ideas for the financial management of the industry.

The reality of the implementation of Total Quality Management in the Directorate General of Financial Affairs in the Ministry of Education in the Sultanate of Oman

This study aimed to identify the reality of implementing Total Quality Management in the General Directorate of Financial Affairs at the Ministry of Education in the Sultanate of Oman. To achieve the objectives of the study, a descriptive approach was used in which a questionnaire was prepared, consisting of 37 items. The questionnaire was divided into five axes: strategic planning, leadership, operations methods, education and training, continuous development and improvement. After checking its validity and reliability, it was applied to the study sample, (all 184 employees of the General Directorate of Financial Affairs), and responses were collected from 108 individuals from the sample. Among the most prominent results of the study was that the sample's estimates were at medium degree on the reality of implementing Total Quality Management in the General Directorate of Financial Affairs. Also, there were statistically significant differences according to the sample members’ estimates of the reality of application due to the variables of job title, gender, and years of experience. In light of the findings of the study, a number of recommendations were made such as providing training and education to the directorates’ employees, coordinating between departments and divisions to divide work between them and working to instill a culture of total quality management.

ОЦЕНКА ЭФФЕКТИВНОСТИ ДЕЯТЕЛЬНОСТИ КОММЕРЧЕСКОГО БАНКА: ТЕОРЕТИЧЕСКИЙ АСПЕКТ

In our country, the development of an intensive and actively developing banking arm increases the significance of the current problems of managing the effectiveness of any commercial bank for the banking system as a whole. As a result, the issue of evaluating the effectiveness of a commercial bank and taking measures to increase it requires detailed research and the formation of a scientific concept. The relevance of the issue of the topic under study is that without a competent review of the results of financial banking activities and the detection of factors that affect this activity, it is impossible to increase the amount of acquired profit and profitability. The analysis of the effectiveness of banking activity begins with the consideration of income and expense indicators, and ends with the study of profit. The analysis of the bank's income and expenses provides the potential to investigate the consequences of the bank's activities, consequently, and assess its effectiveness as a commercial enterprise. The analysis of the bank's financial affairs is carried out at the same time as the analysis of the bank's balance sheet liquidity, and conclusions on the reliability of the bank as a whole are made based on the initial provisions of the acquired results. The purpose of the analysis of banking activities is to identify reserves for increasing the bank's profitability and, on this basis, to formulate assignments for the bank's management to conduct an appropriate policy in the field of passive and active operations.

Let your past define your future? How recalling successful financial experiences can increase beliefs of self‐efficacy in financial planning

AbstractFinancial self‐efficacy, or the perceived ability to succeed in managing one's personal financial affairs, is fundamental to effective consumer financial decision making. However, little is known about how to improve consumers' financial self‐efficacy and which consumers are more or less responsive to potential policy interventions. We address these questions through an experimental study among US consumers. We find that asking consumers to recall and analyze successful (unsuccessful) experiences regarding the management of their personal finances is associated with higher (lower) financial self‐efficacy. We provide insight into the underlying process of this effect through moderation and mediation analyses. In particular, we show that the effect of a recall and analyze intervention utilizing a successful previous experience is more pronounced for consumers with a more optimistic personality. Finally, consumers who develop greater financial self‐efficacy as a result of our intervention display more self‐control, leading to a higher financial planning propensity and actual planning.

Disaster safety assessment of primary healthcare facilities: a cross-sectional study in Kurdistan province of Iran

BackgroundKurdistan province of Iran is among disaster prone areas of the country. The Primary Health Care facilities in Iran deliver health services at all levels nationwide. Resiliency and flexibility of such facilities is important when a disaster occurs. Thus, evaluating functional, structural, and non-structural aspects of safety of such facilities is essential.MethodsIn this cross-sectional study, the instrument used to evaluate four sections of functional, structural, non-structural, and total safety of 805 healthcare facilities in Kurdistan Province was the safety evaluation checklist of primary healthcare centers, provided by the Iranian Ministry of Health and Medical Education. Each section scored from 0 to 100 points, and each section of the safety was classified to three safety classes according to their total score: low (≤34.0), average (34.01–66.0) and high (> 66.0).ResultsThe levels of functional, structural, non-structural and total safety were equal to 23.8, 20.2, 42.3 and 28.7, out of 100, respectively. Regarding the functional safety, rapid response team scored the highest, while financial affairs scored the lowest. Nevertheless, in structural and non-structural sections, the scores of different items were almost similar.ConclusionsThe results of the study revealed that safety score of primary healthcare facilities in general was unsatisfactory. Thus, promoting preparedness, resilience and continuity of service delivery of these facilities are essential to response to disasters and emergencies. The finding of this study could be beneficial for national and provincial decision-makers and policymakers in this regard.

The Emergent Practices of English Football Agents

Tasked with managing financial affairs, agents are commonly in the media spotlight during high-profile transfers and contract negotiations. The industry has evolved into one of the most misunderstood parts of the game. This research originates at a time of deregulation and lower entry barriers making it timely to explore the developing world of agent practices. The data collection in 2018, involved interviews with 20 agents who had responsibilities for 114 professional players. Participants had a minimum of two years’ experience and represented players within English football. The analysis identified “Image Development,” “Financial Planning,” “Relationship Building” and “Constructive Counselling” as the emergent themes that illustrated agent’s practices. The findings present evidence that the agent industry has experienced a significant period of evolution with those involved becoming increasingly specialised in their practices to facilitate transactions, as clients continue to expect the highest level of individual service, often unrelated to “on-field” performances.

THE EFFECT OF FINANCIAL LITERATION IMPLEMENTATION ON THE PERFORMANCE OF FINANCIAL MANAGEMENT IN MIDDLE SMALL MICRO ENTERPRISES IN TOMOHON CITY

The research that will be carried out by the team refers to one of the Higher Education Research Master Plans, in this case Sam Ratulangi University, which is about matters related to the social, humanities and culture fields, with the topic of increasing the competitiveness of MSMEs and cooperatives. In this 21st century, the ability to manage money and finances effectively is becoming increasingly important, not only for professionals but for everyone who is responsible for managing financial affairs in everyday life. This ability is included in the term financial literacy. Financial literacy is not limited to understanding knowledge, skills and beliefs of existing financial institutions, products and services, but attitudes and behavior also have an influence in increasing financial literacy for the realization of public welfare. This study aims to determine how much influence the implementation of financial literacy has on financial management for MSME actors in Tomohon City. As for the sample in this study are the 70 micro, small and medium enterprises in Tomohon city. The final result or output of this research is in the form of a study on the implementation of good financial literacy in financial management performance in micro, small and medium enterprises in Tomohon city In addition, what is also the outcome of this research is the publication of National and International Journals.
 Keywords: financial literacy, financial management, MSMEs

Power and gender

AbstractThis study investigates metaphors used in mergers and acquisitions texts in a Chinese financial newspaper,The 21st Century Business Herald. Based on corpus data, we approach the rhetorical motive and persuasive power hidden behind metaphors from the perspective of rhetorical criticism. The study found four major metaphors:war, marriage, struggle and hunting, andgame, in the financial texts about mergers and acquisitions. Thewarmetaphor is the most common variety, followed by themarriagemetaphor, suggesting the role of power perception and gender perception in the representation of financial affairs.