Does the East and Southeast Asian Equity Market have Integration? A Study of Cointegration Analysis

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Financial integration can improve the efficiency of capital allocation as well as help diversify risks. This study aims to find and analyze four cases. First, to find and analyze the long-term cointegration between East and Southeast Asian. Second, to find and analyze the short-term causal relationship between East and Southeast Asian equity market. Third, to find the most influential equity market from East Asian toward their Southeast Asian and the most influential equity market from Southeast Asian toward their East Asian. Last, to find the forecast structural analysis for five days horizon period of each country’s price, both East and Southeast Asia. This study uses Johansen’s cointegration method to test long-run relationships between East and Southeast Asian equity markets, Granger-causality, forecast variance decomposition method and forecast with VECM. This study uses daily indices prices collected from Refinitive covered from January 2002 to December 2019. Johansen’s test emphasize that there is a cointegration relationship between East Asian and Southeast Asian stock markets, but the integration process is incomplete. The cointegration vector also emphasize that ASEAN+3 members react differently to external shocks. This study found that the Japan Granger-cause will lead to all stock markets in Southeast Asia, while Singapore and Philippine Granger-cause will lead to all stock markets in East Asia. These results show that Japan is the market with the most connections in Southeast Asia, while Singapore and Philippine are the markets with the most connections in East Asia. Another point of this paper is to emphasize that Japan is the most influential stock market in East Asia, while Singapore is the most influential stock market in Southeast Asia. This study shows that policymakers in East and Southeast Asian countries should synchronize capital market standards, regulations and reduce barriers to capital flow to stimulate the integration of regional stock markets.

Investigation of Expectation Gap between Auditors and Investors in Bangladesh

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The goal of this study is to determine the variable(s) that is/are sources of audit expectation gap between auditors and individual investors (i.e., financial statement users) in Bangladesh. The variables used are Internal Control, Fraud Detection, Appropriateness in using accounting numbers and lastly Reliability. In this research the sample size was selected purposively, a total of 30 auditors were selected from different audit firms in terms of firm’s size, revenue, and practices again a total of 30 investors were selected purposively. A structured format of questionnaire was used where the response options were predetermined to acquire information directly from auditors and investors. The questionnaires consist of two sections, first section collected demographic data and second section enclosed 12 semantic differential belief statements. Same questionnaire was given to two independent sample groups (auditors and investors) to identify expectation gaps. To identify the variable(s) that are the cause of the audit expectation gap, the statistical approach “Independent sample t-test” was used. The disparity between auditor and investor in two variables, internal control, and reliability, is discovered in this study. The reasons behind these gaps are lack of proper educational practices and lack of understanding regarding audit norms and practices. These gaps can be reduced by giving adequate knowledge, awareness, and fair practices by the auditors to the financial users.

Evaluation of Drinking Water Storage Practices and Point Of Use (POU) Treatments for Water Purification in Rural Area around Kolhapur City, Maharashtra

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Safe water for drinking is one of the fundamental necessities of mankind, irrespective of his origin or socio-economic status. Waterborne diseases are one of the common causes of mortality in developing nations. The potable water status is very poor in case of rural areas, where there is an immediate requirement of sufficient and secure potable water. The purpose of the present study is to assess knowledge, attitude and practices regarding water storage and purification practices as possible determinants of diseases in the rural population around Kolhapur city. Women members which are chiefly related to household water were interviewed using questionnaires in 6 villages in Karveer district. The study showed that all households stored drinking water in containers. Though many water purifying gadgets are available in market, the rural population is deprived of these treatment options, either due to unawareness or poor economic conditions. Improper storage practices at household level can aggravate the problem of drinking water contamination. It was observed that Point of Use (PoU) Treatments for water purification can be the good solution which can solve the issue of unsafe potable water.

Locally Engineered Detachment System Rescuing Aneurysm Coiling when Regular Balt Coil Release Device Used to Detach Balt Coils Had a Technical Error

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While performing posterior communicating aneurysm coiling, the framing of the aneurysm was performed but the coil detachment device was having an error which was only known when the coil was released into the aneurysm. The biomedical engineer within the operating room created a twelve voltage power supply circuit which was used to detach all the coils, thus rescuing the situation and saving the patient.

Proposed Customer Relationship Management and Knowledge Management Strategy (Case Pt. Konsultan Baru Terbarukan)

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Service consultants in the energy sector in Indonesia are still relatively rare. The business in the field of energy and environmental conservation is something new in Indonesia. Through Presidential Regulation No. 65 of 2021 one of SOE company been transferred all state series B to another Electrical SOE Company The priority program of PT KBT as part of PT LTM (Persero) will focus on developing new businesses in terms of energy and environmental conservation, as well as developing new and renewable energy to support the transformation of PT LTM (Persero) as a green and clean company. The two theme frameworks that would be employed for an effective customer experience strategy are the Customer Relationship Management Value Chain  (Francis Buttle, 2019) and Customer Relationship Dimensions (Jain, Jain and Upinder, 2002). In order to improve employee competencies, researcher use knowledge management system those are Coding Analysis and Fishbone Diagram Analysis diagram. This study used a qualitative approach with the interview method conducted online through zoom meetings and also face-to-face interviews. The comprehensive CRM process strategy in order to maximize PT. KBT’s strength and opportunity as one of the PT.LTM subsidiaries by using Payne and Frow (2006)’s. The five interconnected stages that will be implemented in the Payne and Frow methodology are: the strategy development, value creation process, multichannel integration process, performance integration process, and information management process. Coding Analysis and Fishbone diagram analysis in this study aims to identify KM problems in PT.KBT. based on the identification results, the authors can propose solutions through KM Objectives which consist of people, process, and technology.

Effect of the Imposition of Sanctions, Fiscus Services & Morality Tax Services to Tax Compliance in 2021 (Empirical Study of Corporate Taxpayers in Bogor Regency of West Java)

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This research aims to review and analyze Sanctions, Fiscus Services & Morality tax services are tax compliance. The design of this study uses an explanatorical causality design. The population used in this study is a company that becomes a taxpayer in Bogor Regency.The analysis method uses multiple regression analysis and data analysis. The sample selection technique uses probability ampling. The results of this study partially showed that variable tax sanctions had no effect on the compliance of corporate taxpayers. While the fissure service and tax morality affect the compliance of corporate taxpayers, simultaneously showing that tax sanctions, fiscus services, and taxpayer morality together have a significant effect on corporate taxpayer compliance.

Morphological Changes on Gungata River Watershed due to Anthropogenic Interferences, a part of the Upper Rihand Basin, Chhattisgarh

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The main aims of this research are to identify the morphological changes and development of the Gungata River watershed due to the rapid growth and effects of anthropogenic activities. The natural origin of rivers is sensitive to anthropogenic interference which causes a change in channel morphological characteristics. Human activities have revamped the river geomorphology and made limitless anthropogenic geomorphic features. These features have remarkable characteristics which have sometimes been misbalanced with landscapes produced by natural processes. Modern techniques like remote sensing and GIS were used to identification of morphological changes and their historical comparison etc. High-resolution satellite imagery (LISS-I 5m.), Digital Elevation Model (CARTO DEM 30m) were used to analyze the anthropogenic geomorphic features which provide different opportunities for a better understanding of landscape processes. This research paper has been shown how anthropogenic activities interference with the morphological changes of the Gungata river watershed.