Template-Type: ReDIF-Article 1.0 Author-Name: Martin Sviatko Author-Workplace-Name: CamEd Business School, Cambodia Title: Cambodia's pathway to education 4.0 Publication-Status: Published Abstract: This research paper seeks to analyze an ongoing fourth industrial revolution and its implications for tertiary education. The paper starts with a brief review of the Industry 4.0 framework, highlighting its trajectory, features, and main attributes. As technological advancement, disruption, and automation of processes appear to be the undeniable hallmarks of Industry 4.0, the global economy is undergoing a significant transformation – thus creating new economic winners and losers, while dodging the conventional East-West, North-South geo-economic divide. With these changes occurring on an unprecedented scale, the limits of traditional tertiary education are being laid bare, revealing a growing mismatch between skills acquisition provided by public universities, and the skills required by businesses. Thus, this paper argues that Education 4.0 should not only be viewed as a necessary requirement for bridging the widening gap between industry and academia, it has become a critical interface for Industry 4.0, with its added focus on relevant and up-to-date acquisition of knowledge, skills, values, and attitudes that are required in the workplace. The section of the paper which presents an analysis of Education 4.0’s implementation in Cambodia, proposes a course of action that the relevant stakeholders are compelled to take in order to allow tertiary education to carry out its predominant function: producing futureready graduates. In its conclusion, the research paper argues that given the magnitude of the ongoing industrial revolution, technological disruptions will only intensify in the future. Therefore, creating a set of comprehensive Education 4.0 policies will become a task of utmost urgency, which policy makers can no longer ignore. Keywords: Industrial revolutions; industry 4.0; technology; disruption; automation; education 4.0; Cambodia Journal: Journal of Accounting, Finance, Economics, and Social Sciences Pages: 1-8 Volume: 5 Issue: 1 Year: 2020 Month: June DOI: 10.62458/jafess.160224.5(1)1-8 File-URL: https://jafess.com/index.php/home/article/view/13 File-Function: Abstract page File-Format: text/html File-URL: https://jafess.com/index.php/home/article/download/13/15 File-Function: Full text File-Format: application/pdf Handle: RePEc:euj:jafess:v:5:y:2020:i:1:id:13 Template-Type: ReDIF-Article 1.0 Author-Name: Muhammad M. Ma'aji Author-Workplace-Name: CamEd Business School, Cambodia Author-Name: Casey Barnett Author-Workplace-Name: CamEd Business School, Cambodia Author-Name: Phouneta Sok Author-Workplace-Name: CamEd Business School, Cambodia Title: Determinant of business success or failure among SMEs in Cambodia Publication-Status: Published Abstract: This study investigates the causes or predictors of SMEs’ failure in Cambodian. The study uses logistic regression to analyze 90 successful and 42 unhealthy small businesses. The results of the study find that five variables (working capital, owner’s education level, owner’s marketing skills, customer complaint and age of the business) were significant in predicting small businesses success or failure. The model also predicted 97% of the businesses accurately with a high R-square value of 66%. This study is the first to predict success versus failure factors of SMEs conducted in Cambodia that contributes to theory and practice. Implications for future and current entrepreneurs; government agencies that train, advice and assist small business owners; public policy makers; educators; suppliers; and lenders are presented. Keywords: business failure; business success; logistic regression; small business; resource based theory Journal: Journal of Accounting, Finance, Economics, and Social Sciences Pages: 9-18 Volume: 5 Issue: 1 Year: 2020 Month: June DOI: 10.62458/jafess.160224.5(1)9-18 File-URL: https://jafess.com/index.php/home/article/view/197 File-Function: Abstract page File-Format: text/html File-URL: https://jafess.com/index.php/home/article/download/197/136 File-Function: Full text File-Format: application/pdf Handle: RePEc:euj:jafess:v:5:y:2020:i:1:id:197 Template-Type: ReDIF-Article 1.0 Author-Name: Parmindar Singh Author-Workplace-Name: Crescendo International College, Malaysia Title: The relationship of internal audit and risk management: The impact of turbull factors Publication-Status: Published Abstract: This research aims to find the relationship between internal audit and factors as specified by Turbull, namely, organizational changes, internal control failings, unexplained/unacceptable events, scale, diversity and complexity of activities and risk exposure. In addition, this research also looks at any relationship between internal audit and being public-listed. The results from this research indicates that there is a relationship between having an internal audit function and being public-listed as well as the scale, diversity and complexity of activities. However, this research finds no relationship between internal audit and organizational changes, internal control failings, unexplained/unacceptable events and risk exposure. The reasons why these deviates from corporate governance best practices are then explained. This research used convenience sampling, Chi-Square analysis and nominal data. Keywords: Internal audit; Turbull; corporate governance; internal controls; Chi-Square Journal: Journal of Accounting, Finance, Economics, and Social Sciences Pages: 19-29 Volume: 5 Issue: 1 Year: 2020 Month: June DOI: 10.62458/jafess.160224.5(1)19-29 File-URL: https://jafess.com/index.php/home/article/view/19 File-Function: Abstract page File-Format: text/html File-URL: https://jafess.com/index.php/home/article/download/19/11 File-Function: Full text File-Format: application/pdf Handle: RePEc:euj:jafess:v:5:y:2020:i:1:id:19 Template-Type: ReDIF-Article 1.0 Author-Name: Virak Prum Author-Workplace-Name: CamEd Business School, Cambodia Title: Understanding Cambodia’s weak decentralization: From a textual approach Publication-Status: Published Abstract: This short article revisits what existed in the legal framework in the first few years when Cambodia was starting to experience decentralization. By using six components to evaluate the degree of “political decentralization”—constitutional guarantee, local elections, recall, popular participation, sphere of local power, and the central-local separation of functions—this review reveals that decentralization in Cambodia was not meant to become strong. Keywords: legal framework; decentralization; political decentralization; Cambodia Journal: Journal of Accounting, Finance, Economics, and Social Sciences Pages: 30-35 Volume: 5 Issue: 1 Year: 2020 Month: June DOI: 10.62458/jafess.160224.5(1)30-35 File-URL: https://jafess.com/index.php/home/article/view/20 File-Function: Abstract page File-Format: text/html File-URL: https://jafess.com/index.php/home/article/download/20/12 File-Function: Full text File-Format: application/pdf Handle: RePEc:euj:jafess:v:5:y:2020:i:1:id:20 Template-Type: ReDIF-Article 1.0 Author-Name: Siphat Lim Author-Workplace-Name: CamEd Business School, Cambodia Title: Applying value-at-risk on a portfolio investment in the Cambodia securities exchange Publication-Status: Published Abstract: Value-at-Risk (VaR) is a very famous and popular model which has been widely used to measure the potential exposure of the value of loss of an underlying asset or an investment portfolio at a certain confidence level and holding period. The main objective of this paper is the implement all of the three approaches applicable to estimate VaR namely non-parametric, parametric, and Monte-Carlo simulation VaR on the synthetic investment portfolio which consists of HKL’s bond and five stocks listing and trading in CSX besides the securities the portfolio also includes the FX and commodity, such as, gold and crude oil. At the position date the initial market value of this portfolio is KHR 591,514,539. With the confidence level of 95% and the holding period of 1 day VaR is KHR 6,198,453, KHR 5,523,467 and KHR 5,354,189 estimated by the non-parametric, parametric and Monte-Carlo simulation respectively. This research also indicates that the non-parametric VaR is very simple to implement; therefore, this approach is highly recommended for the investors who intention is the estimate the risk exposure of the value of the assets or portfolio. On the other, the parametric and Monte-Carlo simulation approaches, which is perceivably more difficult than the non-parametric, are highly recommended for the study which intention is to seek high accuracy. Keywords: VaR; CSX; Monte-Carlo Simulation; investment portfolio Journal: Journal of Accounting, Finance, Economics, and Social Sciences Pages: 36-48 Volume: 5 Issue: 1 Year: 2020 Month: June DOI: 10.62458/jafess.160224.5(1)36-48 File-URL: https://jafess.com/index.php/home/article/view/21 File-Function: Abstract page File-Format: text/html File-URL: https://jafess.com/index.php/home/article/download/21/17 File-Function: Full text File-Format: application/pdf Handle: RePEc:euj:jafess:v:5:y:2020:i:1:id:21