Template-Type: ReDIF-Article 1.0 Author-Name: Juliet Cadungog-Uy Author-Workplace-Name: CamEd Business School, Cambodia Author-Name: Edman Padilla Flores Author-Workplace-Name: CamEd Business School, Cambodia Title: Financial literacy awareness and practices among village savings groups in Cambodia Publication-Status: Published Abstract: Purpose: This study aims to assess the financial literacy awareness and practices of village savings group members in rural Cambodia, focusing on their earning, saving, spending, borrowing, insurance coverage, financial concepts awareness, and use of mobile applications. Methodology: The study employed a quantitative research approach, surveying 109 savings group members from 24 villages in Cambodia's Kampot and Kampong Thom provinces using a structured questionnaire administered through face-to-face interviews. The collected data were then analyzed using descriptive statistics. Findings: The study identified a relatively strong financial literacy among the respondents, indicating the potential for further capacity building. However, significant barriers to financial inclusion and access to formal financial services were revealed. The study also highlighted gaps in insurance coverage, particularly for agricultural and health risks, and limited use of mobile financial applications. Implications: The findings highlight the urgent need for targeted interventions to improve access to formal financial services, strengthen insurance product uptake, and address challenges in using digital financial tools in rural Cambodia. Originality: This study offers detailed micro-level insights into the financial literacy, practices, and challenges of village savings group members, which is essential for developing effective strategies to enhance financial inclusion. Limitations and future research: The findings may not be generalizable to other contexts, as the study was conducted within a specific rural community. Future research could explore financial practices in different geographical and socioeconomic settings and delve into the root causes of barriers to inform targeted interventions and policy recommendations. Keywords: Financial literacy; Savings groups; Financial inclusion; Rural Cambodia Journal: Journal of Accounting, Finance, Economics, and Social Sciences Pages: 1-14 Volume: 9 Issue: 2 Year: 2024 Month: December DOI: 10.62458/jafess921 File-URL: https://jafess.com/index.php/home/article/view/73 File-Function: Abstract page File-Format: text/html File-URL: https://jafess.com/index.php/home/article/download/73/58 File-Function: Full text File-Format: application/pdf Handle: RePEc:euj:jafess:v:9:y:2024:i:2:id:73 Template-Type: ReDIF-Article 1.0 Author-Name: Rido Thath Author-Workplace-Name: CamEd Business School, Cambodia Title: The determinants of tax revenue in Southeast Asia: The role of government effectiveness and human development Publication-Status: Published Abstract: Purpose: This study examines the determinants of tax revenue in Southeast Asia, focusing on the impact of human development and government effectiveness on tax revenue. Methodology: The panel data method, specifically the fixed effects and random effects models, was employed to examine the determinants of tax revenue. The study used data (1992 to 2022) from eight Southeast Asian countries retrieved from the World Bank’s World Development Indicators and the International Monetary Fund online database. Findings: This study reveals a positive relationship between human development and tax revenue and government effectiveness and tax revenue. Implications: The results of this study carry important implications for policymakers. They suggest that enhancing government effectiveness and human development, which encompasses income, health, and education, can lead to an increase in tax revenue. Policymakers are therefore encouraged to prioritize the implementation of policies that bolster government effectiveness, such as the use of modern technology in tax administration, and economic policies that not only boost income but also improve health and education outcomes. Originality: This study contributes to the existing literature by providing evidence on the relationship between tax revenue and key policy variables. Moreover, it has tested data sets and variables that differ from those used in previous panel data analyses. Limitations and directions for future research: This study provides valuable evidence on various factors that affect tax revenue. However, based on data availability, other policy variables, such as the quality of tax administration, tax exemption, and incentives, should be included to explore their impact on tax revenue. Keywords: Tax revenue; Human Development; Government effectiveness; Southeast Asia Journal: Journal of Accounting, Finance, Economics, and Social Sciences Pages: 15-28 Volume: 9 Issue: 2 Year: 2024 Month: December DOI: 10.62458/jafess922 File-URL: https://jafess.com/index.php/home/article/view/74 File-Function: Abstract page File-Format: text/html File-URL: https://jafess.com/index.php/home/article/download/74/59 File-Function: Full text File-Format: application/pdf Handle: RePEc:euj:jafess:v:9:y:2024:i:2:id:74 Template-Type: ReDIF-Article 1.0 Author-Name: Zubir Azhar Author-Workplace-Name: Universiti Sains Malaysia, Malaysia Author-Name: Monileak Siem Author-Workplace-Name: National University of Management, Cambodia Title: The effect of corporate social responsibility performance on tax avoidance in Cambodia: The moderating role of board independence Publication-Status: Published Abstract: Purpose: This study seeks to explore the connection between corporate social responsibility (CSR) performance and tax avoidance (TA) among a sample of Cambodian companies listed on the Cambodian Securities Exchange (CSX). It also investigates whether board independence moderates the relationship between these two variables. Methodology: Several statistical analyses have been conducted using the effective tax rate (ETR) and extracting accounting data from these companies' annual reports. Findings: The study reveals that Cambodian companies investing significant resources in charitable initiatives are less likely to participate in TA practices. It has also been realized that the influence of CSR in mitigating the likelihood of engaging in TA practices is boosted in firms with a higher proportion of independent directors. Implications: The study's findings have significant policy implications as they contribute to a better understanding of TA practices and CSR. This understanding can benefit numerous investors, regulators, and academics interested in firms' tax behavior. Furthermore, the findings can aid tax administrations in identifying conditions that heighten the risk of TA practices, thereby assisting in formulating effective tax systems that enhance firms' tax compliance. Originality: This study represents one of the initial inquiries into the relationship between CSR and TA practices in Cambodia. It provides a unique perspective by furnishing empirical evidence on this relationship within the Cambodian context, which differs from other cultural and institutional environments where previous studies have been conducted. It also offers new insights into how the independence of board directors moderates the relationship between CSR and TA. Limitations and directions for future research: This study primarily relies on firms' disclosed donation figures in financial statements. As such, the study may only partially represent the extent of CSR involvement and potentially impact the accuracy of CSR assessment. Keywords: Corporate social responsibility; Tax avoidance; Effective tax rate; Cambodia Journal: Journal of Accounting, Finance, Economics, and Social Sciences Pages: 29-46 Volume: 9 Issue: 2 Year: 2024 Month: December DOI: 10.62458/jafess923 File-URL: https://jafess.com/index.php/home/article/view/75 File-Function: Abstract page File-Format: text/html File-URL: https://jafess.com/index.php/home/article/download/75/60 File-Function: Full text File-Format: application/pdf Handle: RePEc:euj:jafess:v:9:y:2024:i:2:id:75 Template-Type: ReDIF-Article 1.0 Author-Name: Syarifudin Putra Alwindaru Author-Workplace-Name: University of Pembangunan Nasional Veteran Jawa Timur, Indonesia Author-Name: Afina Latifah Author-Workplace-Name: University of Pembangunan Nasional Veteran Jawa Timur, Indonesia Author-Name: Aldenia Luthfian Ilma Author-Workplace-Name: University of Pembangunan Nasional Veteran Jawa Timur, Indonesia Author-Name: Rusdi Hidayat Nugroho Author-Workplace-Name: University of Pembangunan Nasional Veteran Jawa Timur, Indonesia Author-Name: Lidya Veronica Christy Rihidima Author-Workplace-Name: University of Pembangunan Nasional Veteran Jawa Timur, Indonesia Title: The influence of macroeconomic variables on Indonesia’s non-cyclical sector stock price index post-COVID-19 pandemic Publication-Status: Published Abstract: Purpose: This study aims to analyze the effect of macroeconomic variables, namely the exchange rate, inflation, Real Sales Index (RSI), and M2, on Indonesia's non-cyclical sector stock price index after the COVID-19 pandemic. Methodology: The study uses multiple linear regression to evaluate the partial and simultaneous effects of the study's selected variables on Indonesia's non-cyclical sector stock price index. Findings: The results show that the exchange rate, inflation, and RSI partially do not have a significant impact, but the M2 broad money supply variable has a significant effect on the stock price index of the non-cyclical sector. These four variables simultaneously significantly influence the non-cyclical sector's stock price index. Implications: The findings indicate that although some of the macroeconomic independent variables' influence on the stock price index of the non-cyclical sector tends to be weak, these variables together influence the movement of the stock price index. Originality: The study provides insights for investors and policymakers on the importance of considering macroeconomic dynamics in managing portfolios and maintaining the stability of the non-cyclical sector. Limitations and directions for future research: The study focuses only on the non-cyclical sector specific to a country, and the data is limited to the post-COVID-19 pandemic, from June 2023 to August 2024. Future research could explore incorporating additional relevant variables and broadening the scope to include a more diverse range of sectors and regions. Keywords: Exchange rate; Inflation; Real Sales Index; M2 broad money supply; Non-cyclical sector Journal: Journal of Accounting, Finance, Economics, and Social Sciences Pages: 47-56 Volume: 9 Issue: 2 Year: 2024 Month: December DOI: 10.62458/jafess924 File-URL: https://jafess.com/index.php/home/article/view/77 File-Function: Abstract page File-Format: text/html File-URL: https://jafess.com/index.php/home/article/download/77/61 File-Function: Full text File-Format: application/pdf Handle: RePEc:euj:jafess:v:9:y:2024:i:2:id:77 Template-Type: ReDIF-Article 1.0 Author-Name: Adyasha Suvadarshini Author-Workplace-Name: Global Institute of Management Bhubaneswar, India Author-Name: Tulika Singh Author-Workplace-Name: Global Institute of Management Bhubaneswar, India Title: Mall shoppers and their decision-making from indian perspective - A critical review of literature Publication-Status: Published Abstract: Purpose: This paper critically reviews the existing literature pertinent to the decision-making styles of mall shoppers in India. It also provides insights for mall owners, store managers, retailers, and sales staff on maximizing the experience of Indian mall shoppers in the light of competition and emerging technologies. Methodology: The paper critically analyzes existing conceptual and empirical literature on consumers' buying decision-making styles, focusing on Indian mall shoppers. Findings: Indian malls have constantly undergone adaptation and changes in both style and substance to entice increasingly sophisticated, fussy, and capricious consumers. Findings suggest that Indian mall shoppers widely exhibit price, recreational, quality, and novelty consciousness decision-making styles but are confused over choice and variety seeking. Implications: The findings draw the attention of mall owners and retail marketers to understand shoppers' insights and orientation regarding product decision-making and store selection. Further, the study connotes specific facts for retailers and mall developers facing dilemmas about choosing the appropriate strategy for targeting shoppers and attracting greater footfall. Originality: This study contributes to understanding the decision-making styles of mall shoppers in India through the literature. It provides valuable insights for academic researchers and marketers about the decision-making of Indian mall shoppers. Limitations and directions for future research: Further research on the buying decision-making styles of Indian mall shoppers, including their changing tastes and preferences, could significantly contribute to design strategies by mall owners and retail marketers. Comparative analyses of mall-preferring shoppers and consumers preferring unorganized retail outlets could add value to understanding decision-making factors. Keywords: Mall Shoppers; Retailing; Decision-making; Price Consciousness; Recreational Consciousness; Quality Consciousness; Novelty Consciousness Journal: Journal of Accounting, Finance, Economics, and Social Sciences Volume: 9 Issue: 2 Year: 2024 Month: December DOI: 10.62458/jafess925 File-URL: https://jafess.com/index.php/home/article/view/82 File-Function: Abstract page File-Format: text/html File-URL: https://jafess.com/index.php/home/article/download/82/69 File-Function: Full text File-Format: application/pdf Handle: RePEc:euj:jafess:v:9:y:2024:i:2:id:82