Template-Type: ReDIF-Article 1.0 Author-Name: Siphat Lim Author-Workplace-Name: CamEd Business School, Cambodia Author-Name: Casey Barnett Author-Workplace-Name: CamEd Business School, Cambodia Title: Is CSX index a random walk? Publication-Status: Published Abstract: The growth or decline in stock value depends on information. The Efficiency Market Hypothesis (EMH) consists of three different forms: strong-form, semi-strong-form, and weak-form states that stock price reflects its true value properly, and thus includes all information, public and private. If market inefficiency is discovered, an abnormal return may be created via risk-adjusted technical analysis. The Random Walk Hypothesis (RWH) argued that the price of stock tomorrow is computed based on the price of stock today, and the price of stock cannot be anticipated when a random number is consistent with weak-form efficiency. The empirical findings from this research have shown that the CSX index is not a random walk or weak-form inefficient, as indicated by the Augmented Dickey-Fuller (ADF) and Phillips-Perron (PP) unit root tests, and the Variance Ratio (VR) test. Keywords: CSX; EMH; RWH; Unit Root test; VR test Journal: Journal of Accounting, Finance, Economics, and Social Sciences Pages: 1-8 Volume: 6 Issue: 2 Year: 2021 Month: December DOI: 10.62458/jafess.160224.6(2)1-8 File-URL: https://jafess.com/index.php/home/article/view/39 File-Function: Abstract page File-Format: text/html File-URL: https://jafess.com/index.php/home/article/download/39/29 File-Function: Full text File-Format: application/pdf Handle: RePEc:euj:jafess:v:6:y:2021:i:2:id:39 Template-Type: ReDIF-Article 1.0 Author-Name: Edman Padilla Flores Author-Workplace-Name: CamEd Business School, Cambodia Title: Triple bottom line reporting in Cambodia Publication-Status: Published Abstract: The primary aim of this study is to gain a better understanding of Cambodian public interest enterprises’ awareness of and commitment to triple bottom line (TBL) reporting. Public interest enterprises (PIEs) in Cambodia include publicly listed companies, banks, microfinance institutions, and insurance companies. Numerous managers of Cambodian PIEs believe that balancing profit, planet, and people is crucial to the organization’s success now and in the future. While they may be unfamiliar with the specific TBL name, they understand the concept of sustainability in general. Furthermore, the research reveals that Cambodian PIEs are not particularly committed to TBL reporting. While many PIE managers in Cambodia are aware of the numerous benefits of TBL implementation, they lack the commitment necessary to develop a TBL strategy and track their TBL efforts. This low level of commitment to TBL reporting demonstrates the critical need for further education and awareness of the TBL concept. Finally, education is necessary to establish a link between financial performance and sustainability. Keywords: Sustainability; triple bottom line Journal: Journal of Accounting, Finance, Economics, and Social Sciences Pages: 9-18 Volume: 6 Issue: 2 Year: 2021 Month: December DOI: 10.62458/jafess.160224.6(2)9-18 File-URL: https://jafess.com/index.php/home/article/view/40 File-Function: Abstract page File-Format: text/html File-URL: https://jafess.com/index.php/home/article/download/40/30 File-Function: Full text File-Format: application/pdf Handle: RePEc:euj:jafess:v:6:y:2021:i:2:id:40 Template-Type: ReDIF-Article 1.0 Author-Name: Anil K. Makhija Author-Workplace-Name: CamEd Business School, Cambodia Title: SOC for cybersecurity & SOC 2® for service organizations – An empirical study on industry’s perspective Publication-Status: Published Abstract: Businesses across the globe have been going digital. A paradigm that has been accelerated due to pandemic. This has resulted into creation of a complex cyberspace. Further, organizations have become linked and dependent on each other, due to increased outsourcing as well as shift towards cloud computing. This has also led to creation of various industry standards and frameworks that help organizations evaluate their own and their provider’s practices related to system reliability, information security and cybersecurity. Amongst these, SOC2 for service organizations and SOC for Cybersecurity are two leading reports that help organizations assess system reliability and cybersecurity. AICPA recognizes it has that there is confusion amongst the applicability of these reports, and therefore it has created some guidance on how these two reports are different and how they can be leveraged by organizations. This guidance provides an inside-out perspective driven by purpose of these reports and the methodology used to create these reports. The industry (practitioners, implementors and vendor managers, CXOs) perspective on the applicability and distinction of these reports was not yet available. This research brings out industry (practitioners, implementors and vendor managers, CXOs) perspective on the applicability and distinction of these reports. Findings indicate that SOC2 demand and usefulness is perceived high whereas SOC for Cybersecurity demand and usefulness is perceived low by the industry. Findings of this research also indicate that industry excepts AICPA to simplify SOC2 reports and make them easier to understand. Keywords: SOC2; SOC for Cybersecurity; Systems reliability; AICPA; Trust services criteria Journal: Journal of Accounting, Finance, Economics, and Social Sciences Pages: 19-29 Volume: 6 Issue: 2 Year: 2021 Month: December DOI: 10.62458/jafess.160224.6(2)19-29 File-URL: https://jafess.com/index.php/home/article/view/41 File-Function: Abstract page File-Format: text/html File-URL: https://jafess.com/index.php/home/article/download/41/31 File-Function: Full text File-Format: application/pdf Handle: RePEc:euj:jafess:v:6:y:2021:i:2:id:41 Template-Type: ReDIF-Article 1.0 Author-Name: Muhammad M. Ma’aji Author-Workplace-Name: CamEd Business School, Cambodia Author-Name: Siang Hi Lee Author-Workplace-Name: CamEd Business School, Cambodia Title: Investors’ behavior to earnings announcement during the COVID-19 pandemic: Evidence from Cambodia Publication-Status: Published Abstract: This study investigates the reaction of investors to annual earnings releases as reflected in the share price movements of common stocks and volume of trade during the COVID-19 pandemic. Event methodology is employed, and the returns in an event window, defined conventionally as the days before to days after a firm-specific public earnings announcement, are not abnormal. We provide an apparent example where investors did not react to firm-specific positive earnings announcements. This could be influenced by the government in response to COVID-19 as we have seen governments and central banks worldwide quickly enacted sweeping and sizable fiscal and monetary stimulus measures to limit the human and economic impact of the COVID-19 pandemic. These actions during an economic downturn or crisis have helped to stabilize the economy and increase confidence in the market. Keywords: Event study; information and market efficiency; corporate earnings announcement; COVID-19; Cambodia market Journal: Journal of Accounting, Finance, Economics, and Social Sciences Pages: 41-50 Volume: 6 Issue: 2 Year: 2021 Month: December DOI: 10.62458/jafess.160224.6(2)41-50 File-URL: https://jafess.com/index.php/home/article/view/42 File-Function: Abstract page File-Format: text/html File-URL: https://jafess.com/index.php/home/article/download/42/32 File-Function: Full text File-Format: application/pdf Handle: RePEc:euj:jafess:v:6:y:2021:i:2:id:42