Journal of Governance Risk Management Compliance and Sustainability

Travel Restrictions in Siargao: An Intervention for the Island’s Long-Term Sustainability

Tue, 30 Apr 2024 00:00:00 +0700

An overwhelming influx of tourists to a destination can create massive pressure. Siargao, a tourism-first island known as "Asia's Best Island" and the "Surfing Capital of the Philippines", is one of the favorite spots and has captivated the hearts of tourists around the world. This study investigated the efficacy of travel restrictions to ensure the island’s long-term sustainability. This descriptive research, using a quantitative approach, utilized snowball sampling. Data were gathered from 400 respondents from the National Capital Region. The findings revealed that Siargao is popularly known as one of the top attractions in the Philippines, and respondents are aware that excessive tourism may lead to site deterioration. Restrictions could be an effective intervention to achieve island conservation. Stakeholders can make a substantial contribution to conservation efforts by closely observing tourist demand and behavior to incorporate the current travel restrictions into strategies and, thereby, prevent traffic and destruction of natural sites when visitation levels return to normal. These restrictions could be an effective environmental conservation intervention; therefore, implementing these travel limitations is an effective way to ensure long-term gains that contribute to Siargao’s conservation goals. Considering this additional intervention, a thorough intervention, and its impact will greatly help determine the significance of the improvement. Thus, this pioneering study provides supporting statements to help Siargao rise to the top Philippine destination and ensure the long-term sustainability of tourism.

Cigarette Company Classification and Environmental Uncertainty with Risk Management Mediation in Predicting Excise Tax Returns

Abdul Malik Zulkarnain, Lela Nurlaela Wati, Martino Wibowo — Tue, 30 Apr 2024 00:00:00 +0700

This research was conducted on the basis of the fact that the amount of excise returns as a deduction from state revenues from the excise sector is fluctuating and tends to increase over the last five years from 2018 to 2022. This research aims to conduct an analysis and obtain empirical evidence regarding the influence of Cigarette Company Classification on excise returns through the implementation of management. risks and the influence of Environmental Uncertainty on excise returns through the application of Risk Management. This research falls into the realm of quantitative research that adheres to a causality approach, the focus of which is testing cause-and-effect relationships between variables. Data collection and analysis were performed using quantitative methods, with a statistical testing approach through path analysis. The source of information used in this research comes from secondary data, namely financial report data from the Directorate General of Customs and Excise and Risk Management Values in the form of profiling tobacco products companies from 2015 to 2022. This research is different from previous research and shows a higher level of originality. because it uses Risk Management variables as mediators and utilizes a unique unit of analysis by adopting indicators of tobacco production capacity and the size of cigarette company capital ownership as a method for measuring company size variables.

Indicators of Sovereign Risk of South Africa’s International Monetary Fund Loan: The Nexus Between Political Risks and Economic Growth

Ndzalama C. Mathebula — Tue, 30 Apr 2024 00:00:00 +0700

Upon the approval of the 70 billion International Monetary Fund (IMF) loan for South Africa, concerns have emerged over the affordability of this loan and its impact on the economy and sovereignty of the country. South Africa’s ability to pay its IMF loan is assured because its track record of loan repayment is good, considering that the loan is repayable in five years at an interest rate of 1.1%. This study explores political and economic indicators of sovereign risk of South Africa’s IMF loan taken in 2020. The tenets of sovereign risk are being explored in a South African context. The significance of this study lies in understanding sovereign risk from a South African context and forecasting the country’s capacity and sustainability of servicing its IMF debt. This study presents a special and underexplored case of sovereign risk mainly due to 2020 being the first time South Africa has taken an IMF loan since the inception of a democracy in 1994. This qualitative study heavily relies on secondary literature, theories, and predictive forecasting models and is aided by descriptive statistics to reach its conclusion. Findings from the Council of Foreign Relations used the CFR Sovereign risk tracker designed to gauge the susceptibility of emerging economy to default on external debt.

Moderating Role of Profitability in The Association Between Green Accounting and Firm Value

Raldin Alif Al Hazmi, Ammar Ramadhan, Amrie Firmansyah — Tue, 30 Apr 2024 00:00:00 +0700

Environmental pollution often occurs in various parts of the world, including Indonesia. Indonesia, with abundant natural resources, raises new environmental issues. Companies in the mining and coal sector cause significant environmental damage in Indonesia. Not infrequently, these companies are less aware of the importance of preserving the environment. Most companies only think about profit without paying attention to environmental sustainability. This study aims to analyze and determine the effect of green accounting implementation on firm value and profitability on moderating the interaction between green accounting and firm value. This study uses data from 14 companies engaged in mining and coal for 2020-2022 on the Indonesia Stock Exchange (IDX) website and the Proper Value Index issued by the Decree of the Ministry of Environment with a sample of 42 sample data. The test was conducted using panel data multiple linear regression analysis. This study concludes that green accounting affect firm value. Profitability has not been able to model the interaction between green accounting and firm value. This study is expected to add to the literature on financial accounting, sustainability accounting, and green accounting, especially regarding firm value and investor reaction. This research is also expected to provide attention to companies in Indonesia to improve their green sustainability. There is a need to increase the role of the government in overseeing the implementation of green accounting in companies to ensure the sustainability of the Indonesian environment.

Geographical Information Systems (GIS) in Municipal Planning and Management: A Pathway to Improve South African Service Delivery

Kamogelo Racheku, France Khutso Lavhelani Kgobe — Tue, 30 Apr 2024 00:00:00 +0700

In the years after 1994, the democratic government of South Africa worked to transfer and extend basic service provision to practically all sections of the country. The delivery of public services continues to be an embarrassment to humanity and the developmental state. Without proper basic services such as water, sanitation, power, infrastructure, health facilities, and housing, a large section of South Africa’s people would continue to live and die. As a result, society remains disenfranchized and exposed to socioeconomic shocks, contributing to the economy's decline and destruction. To support successful service delivery, the integration of Geographical Information Systems (GIS) as a shift from human-led operations to computerized operations is now recognized and required in municipal planning and management. The central purpose of this study is to evaluate the feasibility of applying GIS as a crucial planning tool infused within integrated development planning in municipal planning and management. The current state of service delivery in existing municipal planning and management procedures, as well as the factors that influence it and the effect it has on society, will be examined. This conceptual study employs secondary data and follows a certain methodology. Using the Critical Discourse Analysis (CDA) methodology, secondary data were examined. The results demonstrate that political influence and manipulation, a lack of openness and accountability, insufficient citizen participation, a lack of personnel capability, and poor planning, monitoring, and evaluation contribute to poor public service delivery in South Africa. Furthermore, the findings indicate that GIS functions as a tool for visualization and collation of spatial information, map production, and data capturing and storage in local municipalities with the aim of enhancing public service delivery.

Cryptocurrency Investment Risks and Perceived Usefulness: Basis of Cryptocurrency Risk Management Plan

John Michael J. Zamoras, Sheila S. Dalumpines, Joseph G. Refugio — Tue, 30 Apr 2024 00:00:00 +0700

The surging popularity of cryptocurrencies presents both opportunities and challenges. While some view it as the future of finance, others remain concerned about investment risks. This uncertainty creates difficulties for consumers and financial institutions. To address this gap, the study assessed consumer perceptions of cryptocurrency investment risks and perceived usefulness, aiming to identify new avenues for transactions and investments. Employing a quantitative descriptive approach, a survey was conducted among 150 individuals from two (2) cities in the Philippines using a validated instrument and the Technological Acceptance Model (TAM). Results showed that consumers perceived moderate risk across trust, privacy, security, and financial aspects. No significant demographic variations were found in risk perception or perceived usefulness. These findings suggest a generally positive consumer attitude toward cryptocurrency investment despite the risks. This implies the possibility of widespread adoption if expectations align with the technology’s actual capabilities. Ultimately, this study offers valuable insights into consumer decision-making, which can inform future risk management strategies in the cryptocurrency landscape. It focuses on a geographically under-researched population (Philippines). This research contributes valuable insights for policymakers and industry leaders developing strategies to promote responsible cryptocurrency adoption across diverse user groups, particularly in emerging markets.

Effect of Planning and Budget Realization with Covid-19 As A Moderator Variable toward Budget Absorption in Resort Police Station Bangka Tengah

Harry Pranajaya, Lela Nurlaela Wati, Ira Geraldina — Tue, 30 Apr 2024 00:00:00 +0700

In response to the Covid-19 pandemic, the government prioritized allocating a significant portion of its resources toward preventing the spread of Covid-19. Undoubtedly, this will inevitably affect the meticulously devised programs aimed at achieving budgetary recuperation. This study aims to determine the extent to which Covid-19 affects the budget absorption of the Resort Police Station Work Unit in Bangka Tengah. This study utilizes a quantitative methodology, utilizing moderating regression analysis (MRA) for data analysis. The financial statements cover a period of 72 months, spanning from 2017 to 2022. The study discovered that both the planning and implementation of activities, as well as the regulation of the Covid-19 pandemic’s impact on planning and implementation, had a noteworthy influence on the utilization of funds at the Resort Police Station Bangka Tengah. This study demonstrates that the planning process at the Bangka Tengah Police is capable of adjusting to the current requirements, resulting in improved budget use. The Bangka Tengah Police can improve budget absorption by implementing monthly budget realization. No prior research has been conducted on budget absorption at the Police Station during the Covid-19 pandemic, which had a widespread impact on all aspects of life.