Financial Aspects Research Articles

Decoding the Stock Market and GDP Relationship Over the Long Term: Implications for Index Fund Investments

Abstract This paper analyzes the relationship between GDP and the stock market over the long term, intending to understand the implications for Index Fund investments. A quantitative research method, using US (United States) GDP as an independent variable, and the S&P 500 index as a dependent variable, is employed. A population of 29 years, from 1990 to 2019, of data on US GDP and the S&P 500 from official US sources was used. Linear regression analysis with SPSS calculating techniques is performed to determine whether there is a relationship between GDP growth and the stock market (S&P 500). The results show a significant positive relationship between GDP growth and S&P 500 performance. β coefficient of the regression analysis of 0.911 shows a strong correlation between the GDP and the S&P 500. Our findings are also scientifically validated by the sig (P value) coefficient of 0.0000000000012. In addition, an R Square of 0.830 shows that our model explains all the variability of the response data around the mean at a level of 83%. The positive results of GDP and the stock market relationship, indicate considerable implications for Index Funds investments. Therefore, adding academic value to the practical financial implication aspects.

Financial Legal Aspects of Legal Regulation of Digital Currency Circulation

Financial Legal Aspects of Legal Regulation of Digital Currency Circulation

Studi Kelayakan Pengembangan Bandar Udara Depati Parbo Kerinci

To support the current tourism sector, Kerinci Regency has an airport called Depati Parbo. The development of this airport really needs to be implemented, considering that this airport is the only airport in Jambi province that has the potential to be developed and improved. The problem in this research is what parameters need to be reviewed to assess the feasibility of developing Depati Parbo Airport, and what are the evaluation results and recommendations for the feasibility of developing Depati Parbo Airport. The aim of this research is to identify the parameters of the technical and financial aspects of the feasibility of developing Depati Parbo Airport, carry out a feasibility evaluation and provide recommendations for the feasibility of developing Depati Parbo Airport. This research method is a combination of qualitative and quantitative, that is, both support each other, in order to obtain maximum results. From the results of the analysis, it was found that the NPV (Net Present Value) was 12,441,161,179.80, BCR (Benefit Cost Ratio) 9.70%, IRR (Internal Rate of Return) 41%, although this is sufficient, there is still a need to optimize the dealer's income Depati Parbo Airport, so there is no need to increase the capacity of Depati Parbo Airport, but it is necessary to optimize Depati Parbo airport revenue.

Is There a Demand for Extensive Financial Reporting on Local Government from the Most Important Stakeholders: Residents?

The study aims to identify residents’ perception of such aspects of public finances as transparency and credibility, in particular, their level of interest and needs regarding increasing the scope of financial reporting at the local level. The study was conducted in 2023 among residents of the 12 largest Polish cities, using the computer-assisted telephone interviews (CATI) technique on a sample of N = 400 residents of each city. A total of 4,800 respondents took part in the survey. The qualitative study was conducted using the focus group interview technique (FGI online). The research results indicate a noticeable lack of demand for information regarding local finances and a lack of trust in the transparency and honesty of public funds management. Bearing in mind that residents rely on economic experts and financial analysts as sources of information with the highest credibility, a large field opens up for experts such as independent auditors.

Feasibility analysis of the veil convection business using value engineering for cost efficiency

The veil business is a business that operates in the veil manufacturing industry. The products produced vary according to consumer demand and the stock produced. This headscarf product has spread to several areas of Aceh, such as Banda Aceh, Lhokseumawe, and Langsa, especially the Bireuen City area, and has collaborated with several Islamic boarding schools. The headcarf models released by this company greatly influence consumer demand. The better the material, model, and quality, the more consumer demand for convection will increase. This research aims to analyze the feasibility of developing a veil convection business using a value engineering method and financial feasibility. The research results were obtained using the analytical hierarchy process method and vacuum engineering. The chosen alternative is model 1, with a weight of 0.53, a square hijab type, standard material, soft colors, and zipper accessories according to consumer demand. And the results of the financial aspect calculations show that the Ita Hijab convection business has a positive NPV of IDR 29,373,042, with a BEP of 480 units. The payback period for investment capital is 5 months. If you look at the payback period calculation with a BCR value > 1, then the veil convection business is said to be worthy of investment

Due Diligence in Financial Aspects for Mobile Fuel Station Business Development

The fuel sales of motorcycle experience complex dynamics, particularly in satisfying consumer demand for leanness and ease of service. The Mobile Fuel Station (MFS) service innovation, powered by information technology, was created to accelerate the establishment of new sales outlets and enhance the efficiency and convenience of consumer service. However, this option requires substantial expenses, necessitating due diligence on the financial side. The objective of this study is to evaluate and ensure the feasibility of the Mobile Fuel Station Investment Program (PI MFS). The research findings indicate that the Return on Investment (ROI) is 18.46%, with a positive Net Present Value (NPV) and an Internal Rate of Return (IRR) of 23.42% in the sixth year so that PI MFS is feasible to implement. To shorten short-term debt obligations, PI MFS has a current ratio of 2.64 times. Additionally, a 32.06% DER value indicates that a greater proportion of its financing comes from equity rather than debt. This research provides direction for the future development of more efficient managerial practices, as well as generates investor interest by demonstrating the potential for growth and profitability.

Effects of Tax Reform for Acceleration and Inclusion (TRAIN) Law Implementation Among Jeepney Drivers: Basis for Crafting a Financial Plan

Tax Reform for Acceleration and Inclusion (TRAIN) Law aspires to develop a tax system that is simpler, more just, more effective, and more efficient in order to fund government goals and initiatives. This study sought to answer the following: 1)The demographic profile of jeepney drivers in terms of: 1.1Age, 1.2Gender, 1.3Civil Status, and 1.4Number of family members. 2)The perceived effects of TRAIN Law among Jeepney Drivers in terms of: 2.1Income, and 2.2Expenses. 3)Significant difference on the perceived effects of Tax Reform for Acceleration and Inclusion (TRAIN) Law affecting the Jeepney Drivers when grouped according to their demographic profile. 4)The proposed financial plan for Jeepney Drivers. This quantitative study, a descriptive form, focused and assessed the effects of TRAIN law implementation on their financial aspects, notably their income and expenses. Purposive sampling was used to collect data from seventy-five (75) jeepney drivers who own and operate traditional jeepneys in San Jose Del Monte, Bulacan. The proposal of implementing a higher excise tax and a lower income tax to balance the tax flow is only favorable for just a few, but not for jeepney drivers. The researchers recommend the jeepney drivers to consider the financial plan provided, and the LGUs to conduct seminars on proper budgeting.

Taxes and Sustainability: Integrating Financial and Ecological Aspects into Strategic Management

Taxes and Sustainability: Integrating Financial and Ecological Aspects into Strategic Management

ANALYSIS OF INVESTMENT IN THE DEVELOPMENT OF THE WATU ULO FISHERY PORT IN JEMBER DISTRICT REVIEWED FROM FINANCIAL ASPECTS AND SENSITIVITY ASPECTS

Watu Ulo Beach is a concentration of fishing communities as a place to fill supplies to catch fish at sea and as a landing place for fish catches. The local government intends to build a fishing port in Watu Ulo to improve facilities and infrastructure for fishermen in catching fish. This study aims to determine the feasibility of investment in the development of fishing ports in terms of financial aspects and sensitivity. The research method uses three scenarios for the value of income, namely the pessimistic scenario, moderate scenario, optimistic scenario. The results of the financial feasibility analysis using the NPV, IRR, BCR, and PP methods were declared feasible for the moderate scenario and optimistic scenario while the pessimistic scenario analysis results were not feasible because the IRR (6.15%) < MARR (7.72%) The results of the sensitivity analysis stated that with three scenarios on the Value of Revenue and Operating Costs obtained the results of Sensitivity The value of revenue for the pessimistic scenario is sensitive at -13.67% if it is smaller than that the investment becomes unfeasible. The revenue value for the moderate sensitive scenario is -39.96% if it is smaller than that the investment becomes unfeasible. The value of income for an optimistic scenario is sensitive at -40.75% if it is smaller than that, the investment becomes unfeasible. The revenue value for the optimistic scenario is sensitive at -40.75%, if it is smaller than that, the investment is not feasible. And if the Operating Cost Sensitivity for the pessimistic scenario is sensitive at -15.96%, if it is smaller than that, the investment is not feasible. Operating Costs for a moderate sensitive scenario at +22.67% if it is greater than that, the investment becomes unfeasible. Operating Costs for the optimistic scenario are sensitive at 25.59% if greater than that then the investment becomes unviable.

Evaluasi Kinerja Keuangan PT PLN (Persero) dalam Satu Dekade: Pendekatan Deskriptif dan Naratif

Purpose: This study aimed to evaluate the financial performance of PT PLN (Persero) over the last decade. This study identifies the trends, changes, and factors affecting companies’ financial performance. Research methodology: The methodological approach used in this research was descriptive and narrative. The financial data of PT PLN (Persero) are collected from annual reports, financial statements, and other secondary data sources. Results: This study found that the financial performance of PT PLN (Persero) showed significant variation over the past decade. While there were improvements in some financial ratios, there were also periods of decline caused by internal and external factors, such as regulatory changes, fuel price fluctuations, and government policy changes. These findings indicate the need for more adaptive and innovative management strategies to improve future financial performance. Limitations: This study has several limitations, including the limitation of data covering only one decade and reliance on secondary data that may not accurately reflect the current conditions. Additionally, this research focuses only on financial aspects and does not cover non-financial factors that may affect the performance of PT PLN (Persero). Contribution: This study contributes to the literature on the evaluation of the financial performance of state-owned enterprises (SOEs) in Indonesia, particularly in the energy sector. The findings of this study can be used in the management of PTPLN (Persero) to improve financial and operational strategies.

Role of artificial intelligence in critical care nutrition support and research.

Nutrition plays a key role in the comprehensive care of critically ill patients. Determining optimal nutrition strategy, however, remains a subject of intense debate. Artificial intelligence (AI) applications are becoming increasingly common in medicine, and specifically in critical care, driven by the data-rich environment of intensive care units. In this review, we will examine the evidence regarding the application of AI in critical care nutrition. As of now, the use of AI in critical care nutrition is relatively limited, with its primary emphasis on malnutrition screening and tolerance of enteral nutrition. Despite the current scarcity of evidence, the potential for AI for more personalized nutrition management for critically ill patients is substantial. This stems from the ability of AI to integrate multiple data streams reflecting patients' changing needs while addressing inherent heterogeneity. The application of AI in critical care nutrition holds promise for optimizing patient outcomes through tailored and adaptive nutrition interventions. A successful implementation of AI, however, necessitates a multidisciplinary approach, coupled with careful consideration of challenges related to data management, financial aspects, and patient privacy.

Revaluation of Property, Plant and Equipment under the criteria of IAS 16: Property, Plant and Equipment

The paper examines the revaluation of fixed assets under International Accounting Standard 16 (IAS 16), which addresses "Property, Plant and Equipment" in the financial statements. Revaluation involves adjusting the carrying value of assets based on their fair market value at a given point in time. It is highlighted that this process can influence the perception of an entity's financial health and strategic decision making. The research focuses on analyzing the impact of fixed asset revaluation under IAS 16 in a sample of 180 companies in Arequipa, Peru. The results show an increase in the operating profit margin, the value of revalued assets, profitability (ROA), capital structure and investment capacity of these companies after the application of IAS 16. A significant correlation was found between the revaluation of fixed assets and IAS 16, supporting the hypothesis that the application of this standard is associated with improvements in several financial and operational aspects

Caregivers' voices: From the world of autism spectrum disorder.

Caring for a child with autism spectrum disorder (ASD) is a challenging and stressful task, especially in countries with limited resources. Additional research is necessary, considering the increasing prevalence of children with ASD, to gain increased knowledge of the complex difficulties faced by caregivers of ASD children and to offer insights into the coping strategies and support networks that parents utilise. The objective of this study was to explore and describe the experiences and coping mechanisms of caregivers of children with ASD in Dr Kenneth Kaunda district, North West province, South Africa. Qualitative explorative, contextual and descriptive design with purposive sampling technique and semi-structured interviews were conducted. Data were analysed following the six steps of reflexive thematic analysis. Two themes were identified: Caregivers' experiences in raising a child with autism, and caregivers' coping in raising a child with autism. The research established caregivers' experiences and coping mechanisms in raising a child with ASD and the effects on different aspects of their lives including emotional, social and financial aspects, which contribute negatively to their holistic well-being. These impediments warrant the establishment of emotional support groups, empowerment of caregivers and awareness-raising through campaigns to educate the family and the community on the diverse challenges.Contribution:The findings of this study contribute to a deeper understanding of the multifaceted challenges faced by caregivers of children with ASD and provide insights into the support systems and coping mechanisms employed by these caregivers within the socio-ecological context.

Does democracy stimulate remittances?

AbstractThe phenomenon of remittances is the subject of intense debate among politicians, researchers, and academics. This is because it touches on a multitude of human, economic, and financial aspects. This paper empirically investigates the empirical relationship between political systems and remittances in order to understand how changes in political systems in the home and host countries affect remittances. By using the gravity model of bilateral remittance flows for 101 sending countries and 92 developing receiving countries for the period 2010–2017. Findings indicate that strengthening democratic processes in countries of origin leads to more remittances. This result is most pronounced in low‐income countries. However, democracy in host countries has a negative effect on remittances. These findings are robust to the different techniques and specifications used. Strengthening democratic institutions in low‐income countries can attract more financial flows.

Financial Analysis of Sawn Timber Sales at Buana Alam Trade Business in Palu City, Central Sulawesi

Introduction: Forests have an important role in meeting the needs of human life. In addition to having benefits for life, forests also have many benefits, one of which is benefits in the economic sector. Development in the forestry sector is directed at optimal and sustainable utilization of forest resources and strives to improve the welfare of people's lives. Utilization of forest resources, especially timber forest products to be used as sawn timber. sawn timber is semi-finished goods because it will be further processed into other products, for example, sawn products are processed into molding products, flooring furniture, and others that are specific. This study aims to determine the financial aspects of sawn timber processing at Buana Alam Trading Business. This research was conducted for two months from March 2023 to April 2023, which took place at the Buana Alam Trade Business in Palu City, Central Sulawesi. Method: This research uses a purposive sampling method at the location and 1 respondent, namely the leader or business owner as a research sample. This research calculates business finances for 13 years of operation. Results and Discussion: The results of this study indicate that the financial analysis of the sawn timber business obtained an NPV value of Rp. 389,806,900, BCR 2.09 and IRR 22.9% of the Buana Alam Trading Business shows a positive value, so that the Buana Alam Trading Business is feasible to continue and based on the results of business financial analysis using NPV calculations, the Buana Alam Business is feasible to continue. Conclusion: The results of the financial analysis of the sawn timber business for 13 years of operation obtained an NPV value of Rp. 389,806,900, BCR 2.09, and IRR 22.9%. Based on the results of research using financial analysis, the Buana Alam trade business in Palu City is feasible to continue.

Trends, shifts and future prospects of sustainable finance research: a bibliometric analysis

PurposeThis study aims to highlight the key aspects of sustainable finance using bibliometric analysis of the relevant literature extracted from two separate databases, Scopus and Dimensions.ai. The present study contributes towards the achievement of sustainable development by providing directions to align financial decision-making with different sustainability aspects.Design/methodology/approachThe author conducted bibliometric analysis for 1,220 articles from Scopus and 1,437 publications from Dimensions.ai. The most frequently occurring terms in sustainable finance research are explored and visualised using the VOSviewer.FindingsBibliometric findings revealed a dynamic evolution of research focus over time. The social component dominated from 2012 to 2016, however a shift to environmental and climate change considerations is noticed from 2016 to 2020. Recent studies (2020–2022) exhibited heightened attention to green finance and renewable energy. Overlay visualisations highlighted similar trends in both databases, indicating a contemporary emphasis on green finance.Research limitations/implicationsThis study enriches theoretical discourse by mapping the trajectory of sustainable finance research, contributing to a deeper understanding of its evolution.Practical implicationsInsights from this study guide researchers and practitioners in identifying trends, that can help the integration of green finance principles into corporate strategies.Social implicationsFindings also raise awareness among stakeholders, and help facilitate socially responsible corporate cultures and informed policymaking.Originality/valueThe originality of this study lies in its comprehensive bibliometric analysis of sustainable finance research in management studies, drawing data from two major databases and spanning over three decades.

Exploring the Supporting Role of Finance in the Development of Clean Energy in China Based on the Panel Vector Autoregressive Model

The efficient development and widespread utilization of clean energy hold global significance, particularly for developing countries like China, which has committed to carbon peak and neutrality targets. In this context, the financial sector plays a crucial role in supporting the renewable energy industry, ensuring a reliable energy supply for economic growth. To statistically assess the impact of financial characteristics—such as financial efficiency, financial size, and green finance—this paper employs a panel vector autoregressive (PVAR) model with province-level data from China spanning the period 1991 to 2018. The key findings demonstrate that (1) financial factors significantly contribute to the development of clean energy in China, and among these factors, financial scale has a greater impact than financial efficiency and green finance; (2) there are distinct regional variations in how financial development affects the clean energy sector, and the role of financial scale is particularly pronounced in the central and western regions of China while the impact of financial efficiency on the clean energy industry is not significant across all regions; and (3) other drivers—including industrial structure, financial expenditure, and technological advancements—also spur the growth of the clean energy industry. However, due to diminishing marginal effects, the forces driving its growth may gradually diminish. Therefore, the article proposes critical policy suggestions for promoting clean energy development in China. These policies should consider the regional context and address both financial and non-financial aspects. Understanding the interplay between finance, regional dynamics, and clean energy development is crucial for achieving sustainable and resilient energy systems in China.

Exploring factors impacting patient decisions in hemorrhoid surgery: A questionnaire survey in Taiwan

BackgroundMinimally invasive hemorrhoid surgeries like Doppler-Guided Hemorrhoidal Artery Ligation (DGHAL) and Stapled Hemorrhoidopexy (PPH) offer benefits over traditional methods. This study investigated public perceptions and attitudes towards these surgeries, exploring awareness, preferences, and influencing factors. MethodsA detailed questionnaire was disseminated to 2011 participants from various regions of Taiwan in December 2023, gathering data on demographics, understanding of minimally invasive surgery, and attitudes towards hemorrhoid surgery. Chi-square tests were used for analysis (p < 0.05). ResultsHemorrhoid prevalence was similar across sexes and age groups. About 70 % preferred medical centers or district hospitals for surgery. Postoperative complications were a primary concern, with significant sex differences. Approximately 70 % preferred minimally invasive surgery if costs were below NT$50,000. Medical personnel showed higher awareness of minimally invasive surgery benefits. Most participants relied on personal networks and medical social media for information. ConclusionsThe study revealed generally positive perceptions of minimally invasive hemorrhoid surgery, with cost being a significant factor. Knowledge gaps exist, particularly among non-medical personnel. Future initiatives should aim to enhance public awareness of minimally invasive surgery benefits, and policy considerations should address financial aspects of healthcare decisions.

Sustainable syngas production: Economic and circular economy benefits of PET waste gasification

This paper promotes awareness of the circular economy as a superior waste disposal system alternative. The novelty of this study is to model cleaner energy generation from the gasification of polyethene terephthalate (PET) waste accompanied by a detailed analysis on the economic feasibility. In the approximate analysis of PET, the percentage values for Ash and hydrogen were low (0 and 4.21, respectively). This parameter significantly impacted the Ash and hydrogen contents of the output gas, as it directly influenced the PET feedstock to a more excellent heating value (23.34 MJ/kg) and lower heating value (10.63 MJ/kg). Temperature and pressure are treated as free variables throughout each block during the gasification procedures. A sensitivity study revealed that the PET moisture content has no significant effect on the product composition. The economic analysis indicated that the gasification process could be economically viable. The economic analysis of the process considered the comprehensive evaluation of the plant’s financial aspects. The economic evaluation indicated that the facility would reach the break-even point by the end of its third year of operation, demonstrating its economic viability, with an NPV of £77,574,506.37 and an ROI of 40.1% for the suggested 25-year operational period of the facility.

State as a Special Participant of the Securities Market in the Russian Federation: The Financial Law Aspect

State as a Special Participant of the Securities Market in the Russian Federation: The Financial Law Aspect