Journal of Security and Sustainability Issues

Investment in the modern world is growing (according to EUROSTAT, the annual growth rate for non-professional investors in Europe is 3% between 2016 and 2018) and both professional and non-professional investors are becoming market participants. For these reasons the sustainability of financial markets effects are becoming very important and widely discussed topic. According to Khan (2011), the ability to use calendar effects properly can bring profits. In order to understand calendar effects behavioral finance theory plays an important role. It explains the factors behind investor behavior that cause markets to have effects like black Friday, January, weekend, Halloween and many other. Calendar effects sustainability are one of the most widely discussed topics in the financial market literature because their analysis is able to explain changes in returns. This research analyzed US financial market based on S&P 500 index changes. In examined 2009-2018 period black Friday effect is no longer sustainable. Meanwhile January and Halloween effects were sustainable. Obtained results further more confirm importance of examining calendar effects and approves ideas of behavioral finance theory authors.

The Gade Clean and Gold is one of the forms of CSR program (Corporate Social Responsibility) of a state-owned enterprise of pawnshop company in addressing the waste problem in Indonesia. The program allows the public to exchange waste in the waste bank that has been established by the pawnshop with gold savings. The research aims to examines the role of The Gade Clean and Gold program in the society’s economic empowerment that is based on environmental hygiene. This study is conducted using descriptive analytics method, based on interview, desk study, and field observation. The results of this paper showed that The Gade Clean and Gold was successful in raising people’s interest in investing in sustainable economies as well as increasing public awareness of the environment.

The objective of this research is to acquire empirical evidence regarding the influence of firm size, firm leverage, firm age, audit quality, female directors, profitability, board size, audit committee size and board meeting towards earnings management of nonfinancial companies listed in Indonesia. Methodology/technique: the population under this research is non-financial companies listed on the Indonesian Stock Exchange (IDX) from 2014 to 2017. The samples were obtained secondarily are then selected through a purposive sampling technique by defining the sampling criteria. There were 127 non-financial companies listed on the Indonesian Stock Exchange which resulted in 508 data sets being available throughout the research. This research also uses hypothesis testing as part of the data analysis. The outcome of this research suggests that firm leverage, audit quality and profitability have an effect on earnings management for stable financial results. Meanwhile, firm size, firm age, female director, board size, audit committee size and board meeting do not have an effect on earnings management in non-financial companies listed on the Indonesian Stock Exchange.

National security and sustainability are the main priority of any state. Therefore the Republic of Lithuania as well as any other state follows its National Security Strategy which establishes the interests of national security, directions of its evolution, the security and defence policy in general, means and types of risk factors and threats to the national security. This study investigates the issues of legal preparation in the military high school. The topical issues directly related to the national defence and security which arise in the run of the training course for the military, especially junior leaders at the institution of higher education in the sphere of providing them with the basic legal knowledge, are presented and examined in the article. In the process of training and upbringing of a junior leader more attention is paid to their professional skills and competencies, and a leader’s and subordinate’s personality, therefore, a system of legal preparation and training provided for students of this kind of educational institutions, its role and degree of influence on personal qualities of a future leader have not yet been studied and described in scientific publications. The above mentioned observations determined the rationale for choosing the topic for the research paper. Its relevance is without doubt. It has been concluded that a leader who is politically correct and competent in the legal sphere can ensure that the decisions made are well-reasoned, consistent and adequate, and they are aimed at the elimination of possible disagreements which might emerge in the sphere of human resource management, management of military units in the run of resolving their daily tasks, holding negotiations at any levels, as well as enhancement of the army’s defensive power in general.

The aim of this research is analyzing the audit expectation gap in Vietnam. The research result has identified that there are many differences between the auditors’ and the financial-statement users’ opinions about the auditors’ responsibilities. Most of research results about the auditors’ responsibilities show that the perception of financial-statement user regarding to auditors’ responsibilities has been higher than the auditors’, which is the reason for the wide audit expectation gap in Vietnam. Based on the research result, some reasons for the audit expectation gap are listed: the auditors have not fully performed their responsibilities based on the current regulations, the current standards on auditing have not been reasonable, and the most important reason is because the financial-statement users have high expectations (unrealistic expectations) of auditors’ responsibilities. Moreover, based on this research result, some related recommendations have been suggested and they are hoped to provide the useful references for the corporations, the government, auditors and fundraisers to enhance the quality of the financial statements and provide the useful information for the users.

Education is an inevitable aspect for any country and without it; no country can flourish and grow effectively. Therefore, the quality of education must not be compromised. As the impact of human development, public spending on education and trained teachers’ availability is being studied in context of quality of education, a whole study and research plan has been prepared by the author. Data collection process involves the gathering of data from Asian countries for 25 years from reliable data bases. After data collection, several tests and approaches were used for the analysis of data. LLC unit root test was applied for order of integration and stationarity of data, Kao cointegration test was applied to find out cointegrated and long run relationships between the variables and finally DOLS estimation approach was used to measure the relationship between the variables. According to the results of these tests, it has been found that the variables that have significant impact on quality of education include human development, public spending on education, trained teachers’ availability and literacy rate. In the last, several theoretical, practical and policy making implications have been discussed by the author. Different limitations have also been identified and future research recommendations have also been given for the assistance of other researchers.

4G has been developed in Vietnam for a long time with commitments to superior speed and interactions compared with 3G services from telecommunications service suppliers such as Viettel, VinaPhone, MobiFone, Gmobile. However, by now, the growth rate of 4G services in Vietnam still remains low and the services are not highly appreciated by users in comparison with some countries in the region and the world. It is therefore very necessary to identify factors affecting the decision to use 4G services. The article proposes a research model on factors affecting the decision to use 4G services of Vietnamese customers based on TAM model and previous research findings. The research model is set up to measure the factors affecting the decision to use 4G services of Vietnamese customers, so that suppliers can further develop their services to meet the demand of users and attract more customers. On the side of users, they can enjoy more conveniences that this advanced technology brings to their work, study and communication so as to raise their work performance and improve their quality of life.

The Financial Services Authority of Indonesia (OJK) survey in 2016 has shown the financial literacy index in Indonesia was only about 21.8%. A lot of illegal investment in Indonesian society in recent years proves that the Indonesian people have not fully understood the benefits and risks of financial decision making. The research describes demographic factor and risk tolerance in the context of Indonesia’s society. The questionnaires distributed online and were obtained 850 respondents. To analyze the role of demographic factors on the willingness to take risks, we use Subjective Risk Tolerance, which is describing the respondent’s perception of risk. The result indicates that gender and age statistically insignificant in describing risk tolerance. Meanwhile, marital status, income, and education significantly important in determining risk tolerance. Gender equality in the working environment means women and men have an equal chance to get job and position in a company. This chance also means that women have a great chance to get more income and wealth than before. Marital status related to responsibility, the greater the responsibility assumes the smaller the level of risk tolerance. The better the knowledge, the better the understanding of the financial decision. Information processed and used to make a better decision. The result shows that in order to conduct an education program and increasing society’s knowledge, Government of the Republic of Indonesia, especially to The Indonesia Stock Exchange and Securities Firm should make attention to demographic factor and fit the investment product with investor’s profile.

Employee training is a systematic activity implemented in a hierarchical organization to which the police belong. It is therefore necessary to properly manage this system at the appropriate level, because it has a positive impact on the level of social security. Staff training and development are increasingly appreciated by organizations, especially those that implement a country’s security policy. The purpose of the study is to present the essence of training and improving Police employees, which in turn will allow to develop a model for such training and its management as one of the most important tasks of the personnel departments. Management in this area plays an important role in setting directions for the development of employees’ potential and effectively facilitates the introduction of any changes that will be reflected in the work effectively performed by officers.

The objective of the study is to examine the mediating impact of competitive advantage on the relationship of supply chain management (SCM) practices and firm performance of the pharmaceutical industry of Thailand. For this purpose, the questionnaires were distributed among the 1400 supply chain manager which yield a 40% response rate. Based on SEM analysis, it is found that customer relationship (CR), time to market (TM), postponement (POS) have a significant association with the firm performance. While, supplier partnership (SP), information quality (IQ), information sharing (IS) have an insignificant association with the firm performance. On the other hand, it is found POS, CR, IQ, IS, SP have also a significant association with the competitive advantage, whereas, POS is not having a significant association with the competitive advantage. In addition, the mediating effect shows that competitive advantage has a partial mediating among all of the SCM practices and firm performance of the pharmaceutical industry of Thailand. These findings show that competitive advantage is considered to be a significant mediator in the relationship of relationship of SCM practices and firm performance of the pharmaceutical industry of Thailand. The current added a body of literature in the form of empirical findings which could become an area of interest for the future research. The research is also beneficial for the supply chain managers to know about the importance of SCM practices to improve the firm performance through the competitive advantage. The research limitations and future directions are also discussed at the end of the study.