Template-Type: ReDIF-Article 1.0 Author-Name: Kabir Ibrahim Author-Name-First: Kabir Author-Name-Last: Ibrahim Author-Email: Kabirne3@gmail.com Author-Workplace-Name: Federal Polytechnic Bali Title: The Impact of Firm Characteristics on IFRS 8 Disclosure in the Transition Period in Nigeria Abstract: Following the adoption of International Financial Reporting Standard (IFRS) in Nigeria, companies listed under Nigerian Stock Exchange (NSE) are mandated to comply with the provisions of IFRS within the transition period effective 1st January 2012 and ending 2014. The aim of this paper is to share more lights in the transition process to IFRS with regards to segment reporting in mandatory regime. Based on sample of 97 listed companies using a disclosure index, the study document that the quantity of disclosure was positively related to some aspects of firm characteristics such as industry type, auditor type, firm size, and company?s listing age, albeit these variables provide a significant impact on compliance with IFRS 8 (Operating segments) disclosure. The study Further document that majority of the sample companies identify Board of Directors (BOD) as their Chief Operating Decision Maker (CODM). Classification-JEL: Keywords: Operating segments; Firm Characteristics; Disclosure Journal: International Journal of Economic Sciences Pages: 1-13 Volume: 4 Issue: 4 Year: 2015 Month: December File-URL: https://iises.net/international-journal-of-economic-sciences/publication-detail-260 File-URL: https://iises.net/international-journal-of-economic-sciences/publication-detail-260?download=1 Handle: RePEc:sek:jijoes:v:4:y:2015:i:4:p:1-13 Template-Type: ReDIF-Article 1.0 Author-Name: Evan Lau Author-Name-First: Evan Author-Name-Last: Lau Author-Email: lphevan@feb.unimas.my Author-Workplace-Name: Universiti Malaysia Sarawak Author-Name: ALVINA SYN-YEE Lee Author-Name-First: ALVINA SYN-YEE Author-Name-Last: Lee Author-Email: alvinalsy@gmail.com Author-Workplace-Name: Universiti Malaysia Sarawak Author-Name: MOHAMMAD AFFENDY Arip Author-Name-First: MOHAMMAD AFFENDY Author-Name-Last: Arip Author-Email: amaffendy@feb.unimas.my Author-Workplace-Name: Universiti Malaysia Sarawak Title: MACROECONOMICS DETERMINANTS OF EXTERNAL DEBT IN MALAYSIA Abstract: The management of debt has always been one of the central concerns in the small open economy like Malaysia. This study seeks to re-examine whether the macroeconomic indicators contributed to the external debt in Malaysia. Utilizing Malaysia data from 1970 to 2013, the results indicate the existence of short run causality linkages between the external debt and the macroeconomic indicators. Further dynamic analysis indicates that real interest rate (RIR) to be the most exogenous variable beyond the sample for the next 50 years. This implies that policymakers could focus on the monetary variables in assisting and managing external debt level in the long run. Malaysia should develop a debt governance program for pursuit of debt-targeting policies or rules to enhance sound public finance systems which is crucial for Malaysia to achieve solvency in external debt positions in the near future. Classification-JEL: F34, C22 Keywords: External Debt; Macroeconomic Indicators; Malaysia. Journal: International Journal of Economic Sciences Pages: 14-26 Volume: 4 Issue: 4 Year: 2015 Month: December File-URL: https://iises.net/international-journal-of-economic-sciences/publication-detail-298 File-URL: https://iises.net/international-journal-of-economic-sciences/publication-detail-298?download=2 Handle: RePEc:sek:jijoes:v:4:y:2015:i:4:p:14-26 Template-Type: ReDIF-Article 1.0 Author-Name: Hilal Hümeyra Özsu Author-Name-First: Hilal Hümeyra Author-Name-Last: Özsu Author-Email: 35.hilal@gmail.com Author-Workplace-Name: Gediz University Title: Empirical Analysis of Herd Behavior in Borsa Istanbul Abstract: Behavioral finance is a field that has grown toward the end of 20th century as a reaction to the efficient market hypothesis. This new field studies the effect of investor psychology on financial decisions and explains stock market anomalies in financial markets. Herding is such an anomaly that is defined as mimicking others? decisions or market trend. The aim of the study is to detect whether there is herding or not in Borsa Istanbul. To test the existence of herding, stock returns traded on Borsa Istanbul and BIST 100 Index as market indicator are used. Data covers daily returns from 1988 to 2014 and intraday returns from 1995 to 2014. Firstly, herding is analyzed based on the methodology of cross-sectional dispersion of the stocks developed by Christie and Huang (1995) and Chang, Cheng and Khorana (2000). The results indicate that there is no herding for both up and down markets for daily and intraday intervals in Borsa Istanbul. However, tendency of herding is higher in up markets. To enhance and compare the results, the methodology based on the cross-sectional volatility of beta coefficients suggested by Hwang and Salmon (2004) is used. This methodology has provided evidence of herding in Borsa Istanbul. It is also observed that investors follow the market trend more in session two markets rather than session one markets. Thus, it is concluded that investors imitate the others more under normal market conditions rather than noisy market conditions. These results are consistent with the assumptions of Hwang and Salmon (2004). Classification-JEL: G02, G14, C58 Keywords: Behavioral Finance, Herd Behavior, Borsa Istanbul, Cross-Sectional Dispersion. Journal: International Journal of Economic Sciences Pages: 27-52 Volume: 4 Issue: 4 Year: 2015 Month: December File-URL: https://iises.net/international-journal-of-economic-sciences/publication-detail-436 File-URL: https://iises.net/international-journal-of-economic-sciences/publication-detail-436?download=3 Handle: RePEc:sek:jijoes:v:4:y:2015:i:4:p:27-52 Template-Type: ReDIF-Article 1.0 Author-Name: Ze'ev Shtudiner Author-Name-First: Ze'ev Author-Name-Last: Shtudiner Author-Email: zeevs@ariel.ac.il Author-Workplace-Name: Ariel University Title: The Marriage Premium and Productivity: The Case of NBA Players Abstract: Numerous studies have shown that there is a marriage premium among male workers - married men's wages are higher than those of single men. One explanation for the existence of a marriage premium is increased productivity. While the estimation of workers' productivity in the standard labor market is often inaccurate and subjective, throughput can be estimated easily in professional sports. This study examines whether a marriage premium exists in relation to the performance and efficiency of professional league basketball players in the United States (NBA). A total marriage premium of 16.4% was found in a comprehensive analysis of the performance of all league players. A more thorough analysis showed that there is a higher marriage premium among international players compared to American players. Classification-JEL: J31, J70 Keywords: Productivity, wage gap, marriage, basketball Journal: International Journal of Economic Sciences Pages: 53-65 Volume: 4 Issue: 4 Year: 2015 Month: December File-URL: https://iises.net/international-journal-of-economic-sciences/publication-detail-435 File-URL: https://iises.net/international-journal-of-economic-sciences/publication-detail-435?download=4 Handle: RePEc:sek:jijoes:v:4:y:2015:i:4:p:53-65 Template-Type: ReDIF-Article 1.0 Author-Name: Teguh Sugiarto Author-Name-First: Teguh Author-Name-Last: Sugiarto Author-Email: teguh_cpconsulting@yahoo.com Author-Workplace-Name: Budi luhur university Title: SVAR MODEL TO EXAMINE THE SHORT AND LONG TERM MONETARY POLICY IN INDONESIA Abstract: This research was conducted by the author to see the impact of monetary policy on the domestic macro-economic variables is important in Indonesia using a structural model of the short and long term, contained in a structural model of vectorAutoregressions (SVAR). The author uses the effects of macroeconomic policy is the key in this research, by applying the matrix model SVAR initiated by Bernanke & Mihov (1998) short term and Blancard & Quah (1989) long term. Research conducted using the 4 variables, consisting of two domestic variables, namely the interest rate of Bank Indonesia (SBI), the consumer price index (CPI) and two non-domestic variables, namely the interest rate the central bank United States(FFF), the rate of inflation in the United States (INF_USA). From the research that has been done can be inferred that the SVAR models used in this study can be used as a reference to the theoretical expectations in order to show that the rise in interest rates and the central bank of the United States could affect Indonesia's domestic variables. Classification-JEL: C39, C01, B49 Keywords: SVAR, restricted short-term, restrictions long-term, IRF, FEVD, SBI, CPI, FFF, Inflation USA. Journal: International Journal of Economic Sciences Pages: 66-77 Volume: 4 Issue: 4 Year: 2015 Month: December File-URL: https://iises.net/international-journal-of-economic-sciences/publication-detail-185 File-URL: https://iises.net/international-journal-of-economic-sciences/publication-detail-185?download=5 Handle: RePEc:sek:jijoes:v:4:y:2015:i:4:p:66-77