Financial Community Research Articles

Case of Indonesia: government bond issuer investor relations strategy

<span lang="EN-US">This study elaborates Indonesia's investor relations activities in building and maintaining positive perceptions of the Indonesian economy as a debt issuer in international financial markets. The study begins with several theories in investor relations, communication strategies, and investor relations current practices in Indonesia. By referring to various theories related to investor relations, an assessment is carried out that focuses on strengthening efforts in preparing the framework for the communication strategy of investor relations in the Republic of Indonesia. In addition, this study also aims to produce a communication strategy framework that can be applied in preparing sharper, focused, and goal-oriented work programs and communication strategies. This study resulted in a framework for strengthening investor relations strategies in Indonesia which have taken into account factors according to investor relations theory and the strategic environment that has become the concern of the international financial community.</span>

Pengaruh Transparansi Akuntabilitas Dan Partisipasi Masyarakat Terhadap Pengelolaan Keuangan Desa

Village financial management is an overall activity that includes planning, implementation, administration, reporting, and accountability for village funds. This study aims to determine the effect of transparency, accountability, and community participation on village financial management. The sample of this research is the entire community in Pebenaan Village, Keritang District, Indragiri Hilir Regency. This type of research is descriptive quantitative research. The sampling method used purposive sampling, namely random sampling based on certain criteria for each member of the population to be a sample so as to produce 98 respondents. The data was obtained by distributing questionnaires to the residents of Pebenaan Village. Hypothesis testing in this study uses Multiple Linear Regression Analysis, Classical Assumption Test, and Hypothesis Testing with SPSS version 21 tool. The results show that Transparency has no effect on Village Financial Management, Accountability and Community Participation affect Village Financial Management. Based on the results of the Coefficient of Determination, it is found that Transparency, Accountability and Community Participation simultaneously affect village financial management with a value of 75.50%, while the other 24.50% are influenced by other variables outside of this study.

THE EFFECT OF FINANCIAL LITERATURE AND FINANCIAL TECHNOLOGY ON COMMUNITY FINANCIAL INCLUSION (CASE STUDY ON ADOLESCENT IN CITY OF TEBING TINGGI, NORTH SUMATERA)

This study aims to determine and analyze the Effect of Financial Literacy and Financial Technology on Public Financial Inclusion (Case Study on Teenagers in Tebing Tinggi City, North Sumatra). This research method uses a quantitative approach and uses associative research with questionnaire data collection techniques. The population in this study amounted to 27,837 people in Tebing Tinggi city teenagers and this study used incidental sampling technique, taking a sample of 100 respondents. The data analysis technique in this study used the classical assumption test, multiple linear regression test, research hypothesis testing (t test and F test), and the coefficient of determination. Based on the results of this study, financial literacy has a significant influence on community financial inclusion in Tebing Tinggi city adolescents, financial technology has a significant influence on community financial inclusion in Tebing Tinggi city adolescents, financial literacy and financial technology affect community financial inclusion in Tebing Tinggi city adolescents. Key Words : Financial Literacy, Financial Technology, Financial Inclusion JEL Classification:B26, C58, E26

Correspondence between Professional Learning Expectations and Learning Opportunities in Financial Management Textbooks

This research investigated the correspondence between a sample of Financial Management textbooks and professional learning expectations synthesized in the construct of Expectation of Use. To this end, a conceptual framework developed from research on professional practice was integrated with the theoretical perspective of commognition and the analysis of mathematics education textbooks. A qualitative content analysis was performed on the narrative and the end-of-chapter problems of the textbooks, which identified the experiences they can offer and their relationship with professional practice. It was evidenced that the narrative of the textbooks focuses on promoting the development of concepts, principles, and procedures of financial theory; the financial situations presented in the narrative and in the end-of-chapter problems are artificial and therefore have limited relation with professional practice. It was concluded that, according to the textbooks, the mastery of Financial Management consists of appropriating a broad set of financial concepts that excludes the use of these concepts to address problems that simulate the profession. Restructuring the narrative in Financial Management textbooks and consciously including routines that respond to the professional learning needs of the financial community is recommended.

The Telemedicine Program Design Canvas: a visual tool for planning telemedicine interventions

Abstract Telemedicine has seen widespread adoption during the COVID-19 pandemic. The implementation of telemedicine projects can be complex, with over 75% of telemedicine initiatives failing in the implementation phase. Health organizations that want to adopt telemedicine as part of their healthcare delivery programs struggle to plan and implement sustainable and scalable initiatives effectively. This paper presents the Telemedicine Program Design Canvas—a tool to guide health organizations in planning telemedicine interventions and drive intervention success. It was developed and validated through six workshops with users and stakeholders of telemedicine. Based on the workshops and the lessons learned from the subsequent interventions of these projects, we identified the 14 key elements that must be addressed while planning and implementing a telemedicine project. We organized these into a simple visual tool that health organizations could use. The 14 elements include the problem, ecosystem, patients, patient journey, patient engagement and trust, providers, provider training, provider engagement, channels, technology, medicines and diagnostics, desired outcomes, costs and revenues. The tool was then tested and validated by applying it with a new group of six telemedicine projects. Overall, the perspectives of 108 users and stakeholders of telemedicine projects, including organizational leadership, doctors, nurses, midwives, community health workers, patients, policymakers, technologists, legal and finance experts, were included in the development of the tool. The Telemedicine Program Design Canvas provides a structured and straightforward method for the rapid prototyping and holistic planning of telemedicine interventions.

Opportunities for Using Green Bonds to Finance Environmental Projects in Developing Countries: Experience of the Republic of Kazakhstan

Sustainable business development based on environmental, social, and governance principles is one of the leading trends in the financial and global community. The introduction of environmental, social, and governance principles is intended to facilitate the implementation of countries’ pledges under the Paris Agreement on Climate and the achievement of the UN Sustainable Development Goals. In 2015, the Republic of Kazakhstan committed to following sustainable development goals, which made the principles of a sustainable and green economy a national priority of the 2050 Strategy. The study aims to identify the opportunities to use green bonds in Kazakhstan so as to increase the effectiveness of territorial management and the development of environmental projects. Proceeding from an expert survey, the study establishes arguments in favor of developing green bonds for the implementation of environmental projects in Kazakhstan, outlines the main hindrances to the advance of green bonds in the country, and lists the conditions required for further proliferation of the use of green bonds. The authors argue that the active use of green bonds can be facilitated by knowledge exchange, capacity building, and state support (especially in analyzing the economy of Kazakhstan) for the development of the market for green bonds, as well as state encouragement of private investors to green investment.

English

In Benin, many families resort not only to consumption but also to the therapeutic use of cassava (Manihot esculenta). The study  assessed the impact of socio-economic factors on the use of cassava, and the perception of the actors involved in the value chain in Benin. Four areas of high production and processing, with 516 producers and processors  of cassava roots were surveyed. The results reveal that producers are mostly men (83.30%) over 40 years of age (53%) with a primary education (73%); while processors are mostly women (83%) over 40 years of age (65%) and uneducated (55%). BEN, RB, and Finton are the most produced varieties. Post-harvest losses are much higher in  Kétou than Aplahoué and Zogbodomè. The processors carry out at least two processes per month (83%) with a quantity of less than 500 kg (93%), and an annual income of less than 150,000 African Financial Community franc (CFAF). Cassava leaves are used  to treat anaemia in children, haemorrhage and headaches, while the roots are  employed to treat erectile dysfunction and malaria. Cuttings are used against accidents. Cassava is important in Benin because of its nutritional, financial and therapeutic values. Key words: Manihot esculenta, producers, processors, pathologies, Benin.

Pengaruh Transparansi, Akuntabilitas dan Partisipasi Masyarakat Terhadap Pengelolaan Keuangan Desa


 
 
 
 Village financial management is an overall activity that includes planning, implementation, administration, reporting, and accountability for village funds. This study aims to determine the effect of transparency, accountability, and community participation on village financial management. The sample of this research is the entire community in Pebenaan Village, Keritang District, Indragiri Hilir Regency. This type of research is descriptive quantitative research. The sampling method used purposive sampling, namely random sampling based on certain criteria for each member of the population to be a sample so as to produce 98 respondents. The data was obtained by distributing questionnaires to the residents of Pebenaan Village. Hypothesis testing in this study uses Multiple Linear Regression Analysis, Classical Assumption Test, and Hypothesis Testing with SPSS version 21 tool. The results show that Transparency has no effect on Village Financial Management, Accountability and Community Participation affect Village Financial Management. Based on the results of the Coefficient of Determination, it is found that Transparency, Accountability and Community Participation simultaneously affect village financial management with a value of 75.50%, while the other 24.50% are influenced by other variables outside of this study.
 
 
 
 
 
 
 
 Transparency, Accountability, Community Participation, Village Financial Management
 
 
 
 
 
 
 
 

Financial Independence of a Public Hospital as Regional Public Service Body During COVID-19 Pandemic

The continuity of quality health services supported by financial independence is the focus of research. Whether during the COVID-19 pandemic, public hospitals could be financially independent is an important question for this research. Study aims to assess the financial independence at public hospital as the regional public service body (BLUD) during COVID-19. This study uses a comparative descriptive approach by comparing data before and during the COVID-19 pandemic. The secondary data used are financial reports, patient visit data, and reports on the results of the community satisfaction index (IKM) survey from the Public Hospital AM. The results show that financial independence and community satisfaction for services have better impact to public hospital during COVID-19. Although patients gave a satisfied assessment of health services, the pandemic period had a negative impact on decreasing patient visits. In short, the decreasing number of patients does not affect financial independence and the quality of health services in public hospitals, on the contrary, it increases. This means that there is an increase in income from other sources that are not directly related to health services. Keywords: Community Satisfaction Index, COVID-19 Pandemic, Financial Independence, Health Services, Public Hospital, Public Service Body, Quality of Services.

AN ASSESSMENT OF ENFORCEABILITY OF FOREIGN JUDGMENTS AND SPV INCORPORATION IN SUKUK WITH A SPECIFIC REFERENCE TO SAUDI ARABIA, UAE, AND BAHRAIN

In both Islamic and conventional finance, SPVs (Special Purpose Vehicles) are a crucial part of securitisation. In an Islamic mode of securitisation, the SPV is accountable to facilitate the management of Sukuk, holding the title of the underlying asset, serving as a bankruptcy remote, and facilitating the cash flow for the investors. While Sukuk agreements are primarily regulated by English law, Sukuk's Shari’ah framework and underlying contract are governed under the jurisdiction of the local laws where Sukuk assets are located. Given this background, the study aims to examine the enforceability of foreign judgements and SPV framework of Saudi Arabia, Bahrain, and UAE, and afterward qualitatively analyse to determine the best practices from jurisdictions such as the United Kingdom, the United States of America, Malaysia, the Cayman Islands, and Turkey which can be incorporated in the selected jurisdictions. In this essence, secondary data is obtained from multiple resources such as Sukuk laws and regulations as well as articles, books, websites, and academic writings. These materials are then compared and analysed using the content analysis method. Thus, the regulations with respect to SPV incorporation and enforceability of foreign judgment will be examined as the analysis of these aspects will assist the Islamic finance community to reform their SPV framework in ways that explicitly and efficiently ensure transparency and inclusively disclose the scope of the role and status of all parties involved in an SPV formation.

Cyclone generation Algorithm including a THERmodynamic module for Integrated National damage Assessment (CATHERINA 1.0) compatible with Coupled Model Intercomparison Project (CMIP) climate data

Abstract. Tropical cyclones are responsible for a large share of global damage resulting from natural disasters, and estimating cyclone-related damage at a national level is a challenge attracting growing interest in the context of climate change. The global climate models, whose outputs are available from the Coupled Model Intercomparison Project (CMIP), do not resolve tropical cyclones. The Cyclone generation Algorithm including a THERmodynamic module for Integrated National damage Assessment (CATHERINA), presented in this paper, couples statistical and thermodynamic relationships to generate synthetic tracks sensitive to local climate conditions and estimates the damage induced by tropical cyclones at a national level. The framework is designed to be compatible with the data from CMIP models offering a reliable solution to resolve tropical cyclones in climate projections. We illustrate this by producing damage projections in representative concentration pathways (RCPs) at the global level and for individual countries. The algorithm contains a module to correct biases in climate models based on the distributions of the climate variables in the reanalyses. This model was primary developed to provide the economic and financial community with reliable signals allowing for a better quantification of physical risks in the long term, to estimate, for example, the impact on sovereign debt.

The CROWDTHERMAL Project: Creating Public Acceptance of Geothermal Energy and Opportunities for Community Financing

One of the major challenges regarding energy transition is to create active support towards renewable energy installations on a local level. The CROWDTHERMAL project presents practical approaches for involving local stakeholders in different measures in order to develop acceptable solutions. Based on technical evidence and data from concrete case studies, the project shows ways how community funding can increase social acceptance towards geothermal energy installations. The presented solutions are based on alternative financial schemes studies and risk mitigation analysis in geothermal projects.

Natural Disasters and Sustainability: Can Private Capital Finance Community Recovery?

Annals of Social Sciences & Management studies are an international journal which focuses to spread a vast knowledge to the readers. ASM includes various topics which cover every part of Sociology and management studies like Philosophy & Public Affairs

Agency-driven and community-driven impact in livelihood recovery: Beneficiaries stories.

These findings highlight the key elements of recovery implementation based on community perspectives to achieve impact of livelihood recovery.

Wealth Management: Is It an Academic Discipline and Should Wealth Managers Care?

This article seeks to address the question of whether wealth management is an academic discipline and to encourage the wealth management practitioner community to appreciate their stake in the disciplinary advancement of wealth management as a field of study. This article relays the notion that at least some stakeholders in the wealth management community have concluded that the field of financial planning differs from wealth management. If the broader community agrees with this notion, the successes realized by the financial planning community in reaching disciplinary status cannot be attributed to wealth management as a field of study. With this limitation in mind, the article presents an assessment of the disciplinary status of wealth management by utilizing a six-characteristic framework. In this article, a conclusion is reached that wealth management has not achieved disciplinary status and recommendations are made with the aim of achieving such status.

Public company CSR management based on local wisdom towards sustainable development

One form of the company's contribution to the maintenance and preservation of the surrounding community's finances is through the implementation of CSR based on local wisdom. Through this management, the company will be able to establish positive relationships with the community. This study uses a qualitative methodology, namely the methodology part of library research, and uses secondary data obtained through document analysis studies. The results of the study reveal that the management of CSR based on local wisdom by public companies leads to sustainable development and involves the implementation of the BRI Peduli Community Development Program. The program is to contribute to the improvement of environmental conditions, social conditions, and the economy. BRI Peduli's CSR program is implemented in three stages, namely socialization, implementation, and internalization. One of them is through the program carried out by PT BRI, the number of which continues to increase every year. The implementation and distribution of various programs and assistance from BRI demonstrates its commitment to sustainable development and the application of sustainable finance principles as a means of implementing Financial Services Authority Regulation 51/POJK.03/2017 concerning the Implementation of Sustainable Finance for Financial Services Institutions, Issuers, and Public Companies.

Financial professionals and financial well-being

This study examined the association between financial professional use and financial well-being using the 2016 National Financial Well-Being Survey. We tested financial well-being across various sources of financial advice such as financial professionals, family, employer, community, financial institution, and government. Results from the logistic regression showed that those who received advice from financial professionals had higher levels of financial well-being than those who did not receive advice from a financial professional. Additional analyses with those who received financial advice from any source also showed that use of a financial professional had a stronger positive asso- ciation with financial well-being. This study provides important insights to help consumers and edu- cators better understand the value of financial professionals.

Health systems resilience in practice: a scoping review to identify strategies for building resilience

BackgroundResearch on health systems resilience has focused primarily on the theoretical development of the concept and its dimensions. There is an identified knowledge gap in the research on how to build resilience in health systems in practice and ‘what works’ in different contexts. The aim of this study is to identify practical strategies for building resilient health systems from the empirical research on health systems resilience.MethodsA scoping review included empirical research on health systems resilience from peer-reviewed literature. The search in the electronic databases PubMed, Web of Science, Global Health was conducted during January to March 2021 for articles published in English between 2013 to February 2021. A total of 1771 articles were screened, and data was extracted from 22 articles. The articles included empirical, applied research on strategies for resilience, that observed or measured resilience during shocks or chronic stress through collection of primary data or analysis of secondary data, or if they were a review study of empirical research. A narrative summary was done by identifying action-oriented strategies, comparing them, and presenting them by main thematic areas.ResultsThe results demonstrate examples of strategies used or recommended within nine identified thematic areas; use of community resources, governance and financing, leadership, surveillance, human resources, communication and collaboration, preparedness, organizational capacity and learning and finally health system strengthening.ConclusionsThe findings emphasize the importance of improved governance and financing, empowered middle-level leadership, improved surveillance systems and strengthened human resources. A re-emphasized focus on health systems strengthening with better mainstreaming of health security and international health regulations are demonstrated in the results as a crucial strategy for building resilience. A lack of strategies for recovery and lessons learnt from crises are identified as gaps for resilience in future.

Impacts of the African CFA Franc devaluation on cereal yields and food security in West Africa

In January 1994, all member countries of the African Financial Community (CFA) devalued 50 percent of their local currency in order to regain their competitiveness on the world market and increase their exports for sustainable economic growth. Nevertheless, a common side effect of devaluation is a one-off rise in prices leading to a decline in local purchasing power and a scarcity of goods. Consequently, the policy makes it more difficult for the local population to buy or access their usual amount of cereals for consumption. Especially when staple foods account for 70-80% of the daily diet in the region. In addition, any prolonged shortage of cereals on the local market could compromise food security and lead to the common form of malnutrition known as under-nutrition. Therefore, in the absence of randomization of the treatment, a difference in difference (DID) quasi-experimental method is applied to estimate the effects of the CFA devaluation on member countries' cereal yields and food security. The findings show a slight increase of 172 kg per hectare in cereal yields in the devalued area. In addition, to assess food security, countries' food balance sheets were used to evaluate the daily per capita food supply from major cereals consumed locally. The results showed an increase in the daily supply of maize (120 kcal per capita) and rice (129 kcal per capita) in the CFA area, as confirmed in previous studies and a slight decline of the daily supply of sorghum (65 kcal per inhabitant) and millet (26 kcal per inhabitant). Other factors such as strong demand for maize imports, reduced rice import taxes and a substitution effect between millet and rice in devalued countries have contributed to the results. In conclusion, the devaluation of the CFA currency has not contributed to food insecurity. However, it has changed the basic food consumption behavior of CFA region local population with higher rice and maize consumption. Key words: Currency, Devaluation, Food, Cereal, Yields, Africa, Development, Consumption, Exports, Difference in Difference

Фактор безпеки в контексті фінансового забезпечення сталого розвитку

Introduction. The issue of timely response of the global financial community to escalating military threats in certain regions of the world through targeted investments or financial assistance depends largely on the actualization of the issue of security as a leading factor of sustainable development in the global economy. The solution to this problem is possible with the introduction of innovative financial instruments, which could provide timely financing of security infrastructure. Problem Statement. The onset of military conflict brings with it enormous losses of socio-economic development. To a large extent, the risk of military conflict and its consequences can be reduced by financing the necessary measures to improve the defense capabilities of the country. According to the worldwide trend of implementing the concept of sustainable development, such funding is possible within one of the seventeen sustainable development goals. Purpose. To determine the main sources of financial aid except for the governments‘ aid of the world countries, to search for the possibilities of applying innovative mechanisms of financial support for sustainable development in the event of an aggravation of the security situation. Methods. General scientific and special methods were used: analysis, synthesis, grouping, description, comparison, theoretical generalization and classification. Results. It has been found that the security factor as a separate goal of sustainable development was established seven years ago, accordingly, the financing of security risks and military conflicts is carried out according to the principle of elimination of consequences. Therefore, there is a problem that requires the development of new tools for guaranteeing peace, which should be bonds, which are a financial tool for sustainable development in the event of increased risks of military aggression. The mechanisms of issuance must take into account different levels of risk. Which, in turn, should determine the requirements for the possibility of issuing such bonds and the results to be achieved. Conclusions. Under the present conditions, Ukraine has a unique opportunity to act as a catalyst for the recognition of the security factor as one of the defining components of the sustainable development concept, without which the achievement of sustainable development goals in the environmental, social and governance components is impossible. This increased focus on the security factor will require the search for and application of innovative financial instruments, one of which should be peace bonds.