Panel Data Analysis Method Research Articles

Assessing the Islamic Bank Financing During Economic Recession: The Role of Stimulus Regulation POJK Number 11/POJK.03/2020

This study examines the role of the POJK stimulus policy No. 11/POJK.03/2020 on the decision of financing in Indonesia Islamic banking. Furthermore, the study aims to be able to assess the financing behavior of Islamic banks. Accordingly, we design a quantitative approach with panel data analysis method. With case studies on 12 Islamic Commercial Banks with a time period from quarter 1-2017 to quarter 4-2020. We found that the total financing of Islamic banks experience significant changes after the period of economic recession that hit Indonesia. Then, the study found that the role of stimulus regulation has a positive and significant effect on the distribution of total bank financing. This shows that the stimulus regulation through financing relaxation or financing restructuring does not prevent banks from continuing to channel financing to the public. This study also found that Islamic banks do not behave pro-cyclicality behavior towards the business cycle.

Pengaruh Frekuensi Perdagangan, Rasio Keuangan, dan Kapitalisasi Pasar Terhadap Return Saham Syariah pada Perusahaan yang Terdaftar di Jakarta Islamic Index (JII) Periode 2016-2019

This study aims to determine the effect of trading frequency, financial ratios, and market capitalization on sharia stock returns. The independent variables used in this study are stock trading frequency, earnings per share, return on equity, debt to equity ratio, and market capitalization. The dependent variable used in this study is stock returns. This study uses secondary data, namely financial statements and annual reports of companies listed in the Jakarta Islamic Index (JII) index on the Indonesia Stock Exchange for the 2016-2019 period (100 observations). The sampling method used in this research is the purposive sampling method. This study uses the panel data analysis method which is processed using the EViews 12 application. The results show that trading frequency does not affect on sharia stock returns. Earning per share does not affect on sharia stock returns. Return on equity does not affect on sharia stock returns. The debt to equity ratio does not affect on sharia stock returns. Market capitalization has a positive effect on sharia stock returns

Faktor – Faktor yang Mempengaruhi Penyaluran Kredit pada Bank Umum di Indonesia

This study aims to determine the effect of Third Party Funds, Non-Performing Loans, Capital Adequacy Ratio, BOPO and Net Interest Margin on Credit Distribution. The independent variables used in this research are Third Party Funds, Non-Performing Loans, Capital Adequacy Ratio, BOPO and Net Interest Margin. The dependent variable used in this study is Credit Distribution. This study uses secondary data, namely the annual reports of companies listed on the Indonesia Stock Exchange for the 2017-2020 period (168 observations). The sampling method used in this research is the purposive sampling method. This study uses a panel data analysis method which is processed using the E-Views 12 application. The results show that Third Party Funds have a positive effect on Credit Distribution. Non-Performing Loans have no effect on Credit Distribution. Capital Adequacy Ratio has no effect on Credit Distribution. BOPO has no effect on Credit Distribution. Net Interest Margin has a positive effect on Credit Distribution.

Efektivitas Kebijakan Moneter Non Konvensional pada BPD Indonesia di Masa Pandemi

This article analyzes the effectiveness of non-conventional monetary policy in Indonesia. The data used is quarterly panel data covering 16 Regional Development Banks (BPD) for 9 quarters from 2019 to 2020. This study analyzes the effectiveness of quantitative easing policies on bank lending channels from monetary policy transmission. This study uses static and dynamic panel data analysis methods, namely the Individual Fixed Effects method, and the Generalized Method of Moments Analysis. The results of this study indicate that the liquidity ratio has a positive but not significant effect on credit growth. Likewise, the effect of the securities ratio is negative but not significant on credit growth. This shows that non-conventional monetary policy in Indonesia is not effective, because banks are still hesitant to channel new loans for fear of increasing non-performing loans

The value relevance of sustainability reporting: does assurance and the type of assurer matter?

PurposeThis paper aims to investigate the relationship between sustainability reporting and firm value, and subsequently, ascertains the moderating effect of assurance and the type of assurer on the sustainability reporting–firm value nexus.Design/methodology/approachThe study is based on sample firms from the Johannesburg Stock Exchange (JSE) in South Africa. The fixed‐effect panel data analysis method is used to estimate the coefficients of the variables.FindingsA significant positive relationship is found between sustainability reporting and firm value. The results also suggest that sustainability assurance has significant explanatory power on firm value. Furthermore, the authors found that the market is unable to distinguish between sustainability assurance services provided by Big 4 audit firms and specialist consultant firms.Practical implicationsThe authors expect managers will see sustainability reporting and assurance as a business strategy with incremental market value. The study should also serve as a reference for stakeholders engaged in the advocacy for the adoption of sustainability assurance practices on the JSE and other emerging markets.Social implicationsThe study finds that the South African market rewards firms that purchase third-party assurance to guarantee the integrity of their corporate social responsibility reports. This understanding could help encourage more firms to embrace the concept of sustainability assurance.Originality/valueThe study offers a first-hand information on how market participants in Johannesburg, an emerging economy, view sustainability assurance and the services provided by the different assurers.

REVISITING THE RELATIONSHIP BETWEEN CARBON EMISSIONS, MEDIUM AND HIGH-TECH INDUSTRIES AND ECONOMIC GROWTH: U-SHAPED EVIDENCE FROM DEVELOPING EUROPEAN COUNTRIES

Environmental pollution is one of the biggest problems faced by the developing countries while sustaining their growth rates. The relationship between economic growth and environmental pollution is dealt with within the context of Environmental Kuznets Curve in literature. Most of the studies conducted within the context of Environmental Kuznets Curve have established that there is an inverted U-shaped relationship between economic growth and CO2 emissions. This study has been designed to analyse the relationship between the income per capita and CO2 emissions in 8 developing European countries between 2001 and 2018. Unlike the previous studies, in this study the effect of the added value of the medium and high-tech products on CO2 emissions has been analysed and the analysed time period has been made to represent the more updated state of CO2 emissions. In this study conducted by using the panel data analysis method, unlike in most of the studies in literature, it has been found out that Environmental Kuznets Curve is U-shaped. Besides, the added value of the medium and high-tech products has a statistically significant effect on CO2 emissions, and the increase in the added value of the medium and high-tech products reduces CO2 emissions.

Ketimpangan Pendapatan Penyebab Tidak Bahagia

Abstract: Purpose: The purpose of this study was to examine the influence of economic and non-economic factors on the level of happiness of the population in the provinces of Java and Sumatra. Research methodology: The analytical method used in this study is the Panel Data Analysis method for 16 provinces in 2014 and 2017. Results: The results showed that there was a positive and significant relationship between income per capita and the average length of schooling on the level of happiness, while income inequality had a negative and significant effect on the level of happiness, and there was a positive and insignificant relationship between life expectancy and the Indonesian democracy index on the level of happiness of the population in the provinces of Java and Sumatra. Limitations: The limitation in this study is that only 2 years of observation are used for 10 provinces with panel data regression. Contribution: The results obtained from this study are expected to be one of the references in making policy directions based on the data presented to adjust the right policies, especially to increase the happiness of the population in Indonesia. Keywords: 1. Per Capita Income 2. Average Length of Schooling 3. Level of Happiness

Pengaruh Pertumbuhan Laba, Investment Opportunity Set dan Ukuran Perusahaan terhadap Kualitas Laba

The purpose of this study was to obtain empirical evidence regarding the problem under study, namely "The Effect of Profit Growth, Investment Opportunity Set and Company Size on Earning Quality in Food and Beverage Sector Companies listed on the IDX for the 2016-2019 period". The number of companies that were sampled in this study were 12 companies. Determination of the sample in this study using purposive sampling technique. Testing the hypothesis in this study using the Panel Data analysis method using the E-VIEWS 10 program. The results showed that:(1) Profit Growth had no effect on Earnings Quality, (2) Investment Opportunity Set had no significant effect on Earnings Quality, (3) and Firm Size had no effect on Earnings Quality.

DESINDUSTRIALIZAÇÃO E DOENÇA HOLANDESA: UMA ANÁLISE DE DADOS EM PAINEL PARA OS ESTADOS BRASILEIROS NO PERÍODO DE 1996 A 2015

The present article aims to analyze the process of deindustrialization in Brazil, but from the regional perspective. More specifically, to analyze the impact of the Dutch disease on the processing industry of the states. In this sense, an attempt will be made to conceptualise the term deindustrialization that can be applied at the regional level. To analyze the impact of the Dutch disease, the method of panel data analysis was adopted.

Assessment of the impact of the usage of derivatives on the company’s value

During periods of increased uncertainty, financial market participants are looking for ways to manage risk. The derivatives can be considered as one of the potential instruments for hedging risk. There is no consensus in the scientific literature on whether the application of derivatives has an impact on a value of a company. Thus, the main purpose of this paper is to quantitatively assess the impact of the application of derivatives on the value of a company. The research hypothesis is formulated as follows: the use of derivatives increases the company’s value, i.e. the application of derivatives has a statistically significant positive impact on the value of the company. Seeking to achieve the main purpose and test the hypothesis, besides the analysis of relevant academic literature, the method of panel data analysis (linear multiple regression) is used to quantitatively assess the effect the application of derivatives has made on the company’s value. 28 companies (constituents of EURO STOXX 50 ESG Index) are analyzed in the period of 2005-2020. The results of the research allow stating the effect of derivatives on the value of companies has proven to be statistically significant and positive.

AN EMPIRICAL ANALYSIS OF THE RELATIONSHIP BETWEEN ECONOMIC GROWTH AND UNEMPLOYMENT: CASE OF SELECTED DEVELOPING COUNTRIES

The main purpose of this study is to examine whether there is a long-term relationship between the economic growth and unemployment. The unemployment rate belonging to 2005:Q1 - 2019:Q1 period of Hungary, Mexico, Poland, Chile and Turkey taking place in economically developing country status and quarterly data belonging to Real Gross Domestic Product (RGDP) macroeconomic indicators have been used in the study. The existence of the relationship between these two variables is tested by benefiting from the panel data analysis methods. It has been determined that there was no long-term relationship between the unemployment and growth in these countries during the said period according to the findings obtained from the analysis made by using the data of the countries taking place within the scope of the study.

Kar Payı Ödeme Politikalarının Belirleyicileri: Havayolu Sektöründen Kanıtlar

The goal of this research is to uncover the financial factors that influence airline dividend payment policies. The panel data analysis method was used to analyze the financial data of 16 airlines from 2009 to 2018. In the study, the dividend payout of the airlines was used as the dependent variable. The independent variables of the study were determined as firm size, leverage ratio, tangible fixed assets, profitability level, market value, liquidity ratio, and corporate cash availability. The findings of the study reveal that in the airline industry, there is a strong link between corporate cash holdings and dividend payments. According to the findings, increased corporate cash availability results in a significant increase in dividend payments.

Global growth trend in fisheries and current situation in Turkey

In recent years the most salient change in the global food sector has been witnessed in the range of fisheries. Due to the gravity of fishery, particularly in meeting the needs of an adequate and balanced diet, its total share in production, consumption and trading has been on the rise on a global scale. The aim of this study is to detect the factors impinging upon growth trend and foreign trade of global fishery sector. To that end, data from 1990-2017 period of 10 countries meeting 72% of global fisheries and data from Turkey have been employed. In this study panel data analysis method has been applied by using 11 cross-section data and 28-time series. Importation and exportation models have thus been set. An increase by 100% in production of fisheries climbs exportation share by 15% and degrades importation share by 1%. 1-unit increase in income heightens importation by 8 units. Slowness in the growth rate of production of fisheries can be associated with supplying the vast majority of total production by only a few select countries thus threatening global exportation of fisheries. Turkey and relevant countries could gain exportation advantage by conducting a better analysis of their existing potential.

Factors affecting competition in olive oil exports: Panel data analysis of selected countries. Case study

Recently, the growing interest in healthy and organic nutrition has led to an increase in both the consumption and production of olive oil. The fact that olive and olive oil production is mostly concentrated in the countries with a coastline on the Mediterranean has rendered their olive oil exports important in meeting the increasing demand for olive oil. For the exporting countries, this has raised the issues of having a large share in the international olive oil market and increasing their competitiveness. The importance of increasing competitiveness, especially for countries that generate income from agricultural production, is the driving force for conducting this study. The aim of the study was to determine the factors affecting the comparative advantages of the leading olive oil-exporting countries. In this context, the olive oil production, consumption and unit export prices of Turkey, Spain, Italy, Portugal, Greece and Tunisia for the 2000–2019 period were tested with a panel data analysis method to ascertain whether these variables have any significant effect on the revealed comparative advantage (RCA) index. According to the findings, olive oil production affects the RCA index positively, whereas olive oil consumption affects it negatively in a statistically significant way.

Apakah pendapatan asli daerah (PAD) mendorong ketimpangan distribusi pendapatan di Yogyakarta?

Paradigm Development is a process in development to achieve a change. Inequality of income distribution is a problem that is quite a severe concern in all regions and developed and developing countries. This proves that Yogyakarta Province still has a relatively high level of inequality in income distribution. Problems in income distribution inequality can be influenced by various factors, such as Regional Original Income to income distribution inequality in 5 Regencies/Cities in Yogyakarta Province for the 2010-2020 period. This study uses secondary data with panel data analysis method with a period of 2010-2020, using the Fixed Effect Model approach. This analysis shows that Regional Original Income has a positive and significant influence on the inequality of income distribution in 5 regencies/cities in Yogyakarta Province.

EKONOMİK DEĞİŞKENLERİN KİŞİ BAŞI SAĞLIK HARCAMASI VE DOĞUŞTA YAŞAM BEKLENTİSİ ÜZERİNE ETKİLERİ: ORTA ÜST GELİR ÜLKELERİ İÇİN PANEL VERİ ANALİZİ

Income inequality and income distribution issues are among the issues that are emphasized both in individual and national dimensions. With the increase in globalization, the interdependence of countries, income inequalities and their reasons and their reflections on different areas, especially health services, have been the subject of many studies. Literature shows that the relationship between health and income and the effect of income on basic health indicators are tested in line with income inequality and absolute income hypotheses. In this study, the effects of income inequalities and economic variables on life expectancy at birth and health expenditure per capita were analysed using panel data analysis method. This study, using 2000-2019 data, was conducted on middle-upper income and high income countries. As a result of the analysis, it was seen that public expenditure and increases in GDP level had a positive effect on primary health indicators. On the other hand, it was determined that the increase in unemployment rate and Gini index values had negative effects on health indicators. Last of all income factor both in individual and social dimensions have a significant effect on life expectancy at birth and health expenditure per capita.

Political Economic Investigation of the Basic Health Indicators of Upper-Middle Income Countries Using the Panel Data Analysis Method

Ekonomi ile çok sıkı bir ilişki içerisinde olan sağlık göstergeleri toplum için çok önem arz etmektedir. Sağlık göstergeleri üzerinde etkisi olan faktörlerin ve etki derecelerinin belirlenmesi oldukça önem arz etmektedir. Bu doğrultuda bu çalışmada politik ekonomik göstergelerinin temel sağlık göstergeleri üzerindeki etkisi araştırılmıştır. Orta-üst gelir grubunda yer alan 42 ülke araştırmaya dâhil edilmiştir. Değişkenlerin veri türü yıllık olup 2000-2019 dönemlerini kapsamaktadır. Bütün modellerin otokorelasyon, çoklu doğrusal bağlantı sorunu, değişen varyans sorunu ve yatay kesit bağımlılıkları incelenmiştir. Her bir modelin kendine özgü temel varsayım problemleri tespit edilmiş ve ilgili robust düzeltme tahmincileri kullanılmıştır. Çalışma sonucunda başta Gini katsayısı olmak üzere bir ülkedeki gelir düzeyinin, politik istikrarın, hesap verilebilirlik düzeyinin ve kamusal harcamaların temel sağlık göstergeleri üzerinde önemli bir etkisinin olduğu görülmüştür. Ekonomik değişkenlerde artışın gerçekleşmesi sağlık göstergelerine olumlu yansımaktadır. Ancak gelir dağılımdaki bir birimlik bozulma sağlık göstergelerinde daha fazla bozulmalara neden olduğu görülmüştür.

Does Investing in Marketing Efforts Affect Firm Value and Profitability? An Application with Panel Data Analysis

The purpose of this study is to examine the effect of investing in marketing efforts on profitability and firm value. The scope of the study consists of public companies listed in Borsa Istanbul Services Index (XUHIZ). The study covers 49 companies (196 firm-years) listed in XUHIZ in the period 2016-2019. As dependent variables, the accounting-based performance indicator "ROA" and the market-based performance indicator "Tobin's Q ratio" were used. Investment in marketing efforts was represented by independent variables as marketing intensity and marketing expenses to total operating expenses ratio. In the study, panel data analysis method, which allows both time series and cross-section, was chosen. According to the panel data analysis findings, it was determined that the increase in the ratio of investment in marketing efforts to sales did not have a positive effect on the market value or profitability of the company. On the other hand, it was found that the increase in the ratio of marketing expenses to total operational expenses positively affected both the profitability and the market value of the company. These findings indicate that marketing investments should not be considered separately from other operating expenses of the company, companies that can control other operating expenses and increase the ratio of marketing investments in total expenses can achieve better financial performance.

Dampak Pariwisata Terhadap Tingkat Kemiskinan di Lima Negara ASEAN

Tourism is one of the economic development strategies to reduce poverty by increasing the country's foreign exchange income in developing countries. This study aimed to analyze the impact of tourism on poverty in five ASEAN countries, namely Indonesia, Malaysia, Vietnam, the Philippines, and Thailand. The data used in this study is quantitative data with secondary data types from 2000 - 2019. The analysis method used in this research method is a panel data analysis method with the Fixed Effect Model(FEM) model. In contrast to previous research, the study examined monetary variables to use financial inclusion to determine poverty rates with coverage in five ASEAN countries. The results showed that investment variables, employment rates, and financial inclusion in the tourism sector consistently reduced poverty rates in the five ASEAN countries. In contrast, tourist consumption variables did not affect poverty rates.
 

A Kuznets adaptive approach to life expectancy at birth: an application on rising powers

This study aims to test the validness of Kuznets’ hypothesis in major rising powers between the years of 2000 and 2018 within the scope of the relationships between life expectancy at birth (throughout the paper-life expectancy-LE) and economic growth. Using panel data analysis method, we investigate if there is a curve such as Health Kuznets Curve (HKC) for life expectancy. The empirical findings indicate that the validity of HKC hypothesis could not be obtained for Brazil, Mexico, Russian Federation, South Africa and Turkey. A U-shaped relationship exists between these two variables for these countries. In other respects, we found empirical evidence of a Kuznets’curve and inverted U-shaped relations between economic growth and life expactancy for Australia, China, Indonesia and Korea. Empirical evidence also suggests that there is not any relationship between economic growth and life expectancy for India.