فهرست مطالب

  • Volume:6 Issue: 1, 2019
  • تاریخ انتشار: 1397/12/14
  • تعداد عناوین: 6
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  • Kais Saidi*, Saida Zaidi Pages 1-21
    This paper aims to assess the impact of population growth on GDP and environmental quality. For this, we use the generalized moments in system method (GMM) with dynamic panel data for ten countries over the period 1980-2013. The main results of this study are: (i) the population have a positive and significant impact on economic growth while the capital has a positive but no significant effect on economic growth. (ii) For the environment, population growth has a positive and significant effect on CO2 emissions, the urbanization is negatively and significantly contributed to CO2 emissions, but trade openness has no effect on CO2 emissions. What is concluded that the effect of the population depends on other factors such as aging, hierarchical structure and the economic level of the country?
    Keywords: CO2 emissions, Economic Growth, Population Growth, Panel data, GMM system
  • Saif Khan *, Hashim Khan, Faisal Khan Pages 22-47
    In this study we have examined the effect of internal audit committee and external auditor quality on accrual-based measures of accounting conservatism, and the benefits of accounting conservatism on firms’ market performance. Moreover, this study also investigates whether the accrual-based conservatism mediate the relationship between audit committee and external auditor quality factors with market-based firms’ performance. A total of 543 sample firms are selected from the Bursa Malaysia for the period from 2004 to 2013. For data analysis, panel data methodology is employed and structural equation modeling (SEM) technique is used to test the developed hypotheses of this study. Results show that audit committee effectiveness and external auditor quality found to be significant with two-year-lagged effect on accrual-based measure of conservatism. Furthermore, accrual-based measure of conservatism mediated the relationship between (a) audit committee effectiveness and market-based firms’ performance, and (b) external auditor quality and market-based firms’ performance. The findings of this study contribute to the signaling theory, agency theory, reputation theory and accounting conservatism literature in emerging economies settings.
    Keywords: Accounting conservatism, signaling theory, firms’ performance, Malaysian listed firms, lagged effects.
  • Farhad Nezhad Irani, Vida Salimi* Pages 48-61
    The rapid increase in the global trade in the last two decades has given prominence to the export performance of companies implying the extent to which they achieve strategic and economic goals for exporting products to foreign markets. The present study explores the relationship between export market orientation and export performance of home appliances exporting companies in Tehran, Iran. A total of 85 companies were selected from the list of 734 exporters of Tehran in 2016. Two standard questionnaires were utilized including export market orientation (Nagy & Beracs, 2012), and export performance of exporting companies (Lin, Huang & Peng, 2014) whose reliability and validity indices were assessed through Cronbach's alpha coefficient and content validity approach, respectively. Also, in order to test the main hypothesis of the research, Smart PLS was used. The results of this study demonstrated a positive and direct relationship between export market orientation and export performance. The findings of the study suggest that exporting companies may boost their export performance through export market orientation with respect to the needs of customers and rivals of the export market and market entry routes.
    Keywords: Global trade, export market orientation, export performance, home appliances exporting companies, market entry
  • Aimi Fadzirul Kamarubahrin* Pages 62-79
    The attention on Muslim consumers towards consumption goat milk in Malaysia is increasing due to following Prophet Muhammad (pbuh) sunnah and because of its healthy content. However, there are some debates on the goat milk due the odour that prevent Muslim consumer to consume it. This study strives to investigate Muslim consumer intention toward goat milk purchasing in Malaysia. Broadly speaking, the Theory of Planned Behavior (TPB) model explained how consumers form behavioral intention. This study was employed TPB to investigate Muslim consumer intention toward goat milk purchasing behavior. A 5-point Likert continuum scale was used to analyze and rank perceptions of consumers, with one (1) as strongly disagreed and five (5) as strongly agreed. A total 55 respondents were involved in these preliminary findings. Multiple regression analysis was used to analyze Muslim consumer intention toward goat milk purchasing behavior in Malaysia. This study finds Muslim consumers attitude and taste are the factors contribute to influence intention to purchase goat milk directly and indirectly. Descriptive statistics show that the younger Muslim consumers, high educated and income is the most respondents who is participate in this study. This study could contribute to a better understanding of Muslim consumers demand towards goat milk purchasing.
    Keywords: Consumer Intention, Goat Milk, Purchasing Behavior, Theory of Planned Behavior
  • Rabia Qammar *, Rana Zain, Ul, Abidin Pages 80-87
    Price volatility presents the investor possibilities and opportunities to buy securities at cheap prices and then sell it when they are overpriced, resulting in a profit at the end of the day. Recently, the volatility has become more valuable aspect for investors. Investment risk and return is important for investors. Investors have risk averse nature, they concerned about the information flow of stock price volatility. This study aims to review the literature on stock price volatility significance and its measurements by different methods. This study provides the detail review of stock price volatility different types including historical, implied, intraday, and indices volatility. This study discusses various measurements of stock price volatility forecasting with the empirical findings. Efficient market hypothesis supports the changes in stock prices in prior literature. Some studies shows that volatility can be measured by standard deviation of investor’s stock return. The price volatility mostly determined by high, low and closing prices. It is found that forecasting volatility can be measured by different methods. The literature review suggests that GARCH and Parkinson formula is considered most reliable method to measure volatility. Parkinson is more reliable measurement because it has daily high and low stock prices.
    Keywords: Volatility, GARCH, Parkinson, Efficient Market Hypothesis
  • Jai Ritnesh Chandra (Late), Mohammed Riaz Azam* Pages 88-98
    The emerging economies differ significantly in terms of the size, structure, capabilities of the accounting institutes and regulatory bodies. The difference in the organizational culture in the emerging economies to that of a developed economy raises several concerns about the application of the principle - based accounting standards fostered by International Accounting Standards Board (IASB). Culturally, the professional accountants in Fiji prefer to adhere to rule as opposed to principle - based standards that requires exercise of significant judgment. Thus, the purpose of this paper is to elaborate on the strength and weaknesses of the rule and principle - based accounting standards and will specifically focus on the applicability of each type of the standards in the context of a less developed country – Fiji.
    Keywords: Rule – based accounting, Principle – based accounting, IASB, Applicability, Standard