Research aims: The aim of this paper is to examine the effect of four cultural dimensions such as power distance index (PDI), individualism (IDV), uncertainty avoidance index (UAI), and long-term orientation (LTO) on the sustainable investment return in Asian sustainable stock exchanges.Design/Methodology/Approach: Quantitative research method was applied for this research. Monthly sustainable stock indices from seven Asian countries for the period 2015-2019 were considered. This research employed the Ordinary Least Square (OLS) regression and Feasible Generalized Least Square (FGLS) regression with id and time fixed effect.Research findings: The outcomes of our empirical investigation underlined the fact that: (i) an increase in power distance (PDI) would increase the market returns in the Asian region; (ii) individualism (IDV) had a positive and significant impact on the market returns, and the increase of individualism in the Asian countries would lead to the higher sustainable stock returns; (iii) increase in the uncertainty of avoidance (UAI) by investors in the Asian region would lead to the higher stock returns; (iv) the long term orientation (LTO) had a significant and positive impact on market returns. It showed that if the investor had a long-term orientation on the sustainable stock exchange in the Asian region, it would lead to increased stock returns.Theoretical contribution/Originality: This research's theoretical contribution is to present the causal relations of cultural differences on the sustainable investment return in the Asian region.Practitioner/Policy implication: This research’s implication is to increase the concern of individual investors, portfolio managers, and investment companies regarding the cultural dimension effect on sustainable investment.Research limitation/Implication: The limitations still exist in this research, such as: (1) limited data for sustainable stock indices in the Asian region; (2) this research mainly focused on four cultural dimensions instead of six dimensions in Hofstede's model; (3) the future research should include the control variables and some other financial variables related with the sustainable investment.
This study aims to examine and explain the effect of halal food awareness on purchase decisions with religiosity as a moderating variable. The sample in this study is Muslim consumers in Indonesia and Thailand. Purposive sampling technique was applied by criteria of samples required is Muslim consumers in Indonesia and Thailand. The number of samples is 200 respondents, included 150 Indonesian respondents and 50 Thai respondents. The analysis is done using Moderated Regression Analysis (MRA) with SPSS 23.0 software. The finding of this study shows that respondent has a high-level awareness of halal foods in Indonesia and Thailand. Halal food awareness has a positive and significant impact on purchase decisions for Muslims living in Indonesia. Halal food awareness has a positive and significant impact on purchase decisions for Muslims living in Thailand. Finally, the higher level of religiosity cannot strengthen the effect of awareness on a purchase decision.
Disaster prone II in Mt. Slamet, Indonesia presents the highest risk for human settlement. To live in this natural disaster-prone area, specific household characteristics are essential. Household capitals and transformation in process and structure were supported by the disaster management framework. However, households in disaster prone II area had limited assets and were required to identify factors influencing disaster management. To study the factors influencing household disaster management capacities, this research, using the sample measurement of Becker and Hursh-Cesar, collected data of 538 households spread across five villages in the disaster prone II area of Mt. Slamet. Sequential mixed methodology combining both qualitative and quantitative research methods were used: samples in the Rukun-Warga-level area were collected by a two-stage stratified random sampling, and to choose the sample of households systematic random sampling was employed. Path analysis through Stata was carried out to analyse the direct and indirect factors supporting disaster management capacity, and multicollinearity was tested before path analysis. This research found direct and indirect effects of household characteristics and household capitals on disaster management. This could be influenced by the transformation in process and the structure of the local government. The quantitative result has been confirmed by the result of the qualitative methodology. Social capital owned by households in disaster-prone area supports disaster management practices. The household relationship and networking access has been strongly supported by disaster management capacities. Disaster management capacities of households in disaster prone II areas could be improved by both internal and external factors. Internal factors include supporting the household members’ health and increasing the size of land and vehicle owning. Meanwhile, external factors has been applied by the policy published by government as to improve the social and cultural belief of households.
The main objective of this study is to analyse the early warning system of volcanic disaster management through sustainable livelihoods approach. The early warning system is the most important phase on disaster management as to reduce the risk of hazard during the eruption appear. Active volcano in Indonesia has been spread since it is located in the ring of fire. This study uses sequential mixed methodology, start with qualitative-quantitative methodology. The study area are Mt. Slamet and Mt. Merapi where located in Java island. The first phase of the research uses exploratory qualitative methodology to identify the term of indicators for Sustainability Livelihoods Approach (SLA), hereafter quantitative is to calculate the path of each variable supported to volcanic disaster management. The qualitative approach took 31 key informants spread in two village surround Mt. Slamet and 19 key informants spread in two village surround Mt. Merapi. The sample of quantitative research on Mt. Slamet is 538 respondents and 137 respondents in Mt. Merapi. SLA is supported to the early warning system. Household networking for social capital directly effect to early warning phase both volcanoes. Nevertheless, human capital, natural capital, physical capital and financial capital is indirectly effect to early warning capacities through transformation of process and structure.
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