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Application of the Capital Asset Pricing Modeling (CAPM) Method to Determine Efficient and Inefficient Stock Investment Options During the COVID-19 Pandemic
Issue:
Volume 7, Issue 2, April 2022
Pages:
32-37
Received:
22 February 2022
Accepted:
12 March 2022
Published:
29 March 2022
Abstract: The purpose of this study was to determine and analyze the application of the Capital Asset Pricing Modeling (CAPM) method in determining investment options in banking stocks during the global economic crisis due to the pandemic caused by the COVID-19 virus, as well as sorting out efficient and inefficient stocks throughout 2020. This is a banking company listed on the Indonesia Stock Exchange, for the period March- September 2020 and there are 44 listed companies. Samples were taken by purposive sampling technique of 20 companies using the criteria for the company with the highest assets. This research method uses linear regression analysis to determine the beta coefficient in the Capital Asset Pricing Modeling (CAPM) method and compared with the variable rate of return obtained. The results in this study indicate that there are 16 stocks of efficient banking companies with a rate of return more than the expected return and 4 stocks of inefficient banking companies that have a rate of return less than the expected return. Shares with the BRIS code have the highest return rate of 0.3125 and are comparable to a high beta value of 5.5139 and NISP code shares have the smallest return rate of -0.0146 and a low beta of 0.1199.
Abstract: The purpose of this study was to determine and analyze the application of the Capital Asset Pricing Modeling (CAPM) method in determining investment options in banking stocks during the global economic crisis due to the pandemic caused by the COVID-19 virus, as well as sorting out efficient and inefficient stocks throughout 2020. This is a banking ...
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Diversification: The Recovery Strategy for the Nigeria’s Economic Crisis
Ighorhiohwunu Aghogho Victory,
Igbesi Emeke Francis
Issue:
Volume 7, Issue 2, April 2022
Pages:
38-44
Received:
14 February 2022
Accepted:
14 March 2022
Published:
29 March 2022
Abstract: No doubt that Nigeria’s mono-cultural commodity-petroleum has contributed tremendously to the Nigerian revenue sustainability and economic growth before its’ floundering occasioned by unstable global market and volatile oil price; and the impact of COVID-19 pandemic in the oil sector. Government acute attention to the petroleum commodity has been to the detriment of other sectors of the economy, already relegated to the background. The recent decline and continuous unprecedented dwindling exchange rate of the Naira to other currencies has further triggered the present economic crisis. To obviate the economic challenges from skyrocketing into a more complex pulverized state requires all hands to be on desk to restrategise the recovery of the Nigeria’s economy from its current crisis. One pivotal administrative strategic tool for recovery is diversification, it does not occur in a vacuum. Nigeria mono-cultural economy need to pave way for diversification because it requires several strategies which include investment promotion, spatial policies, economic clusters, advancement of SMEs, mixed-economy and attitudinal change. Effective utilization and promotion of these strategies will yield tremendous economy growth and booming for stable and sustainable development. This paper adopted the qualitative research design and data obtained from secondary sources; as it attempt to enhance a viable economy in Nigeria with diversification strategies.
Abstract: No doubt that Nigeria’s mono-cultural commodity-petroleum has contributed tremendously to the Nigerian revenue sustainability and economic growth before its’ floundering occasioned by unstable global market and volatile oil price; and the impact of COVID-19 pandemic in the oil sector. Government acute attention to the petroleum commodity has been t...
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Sustainable Economic Development: The Necessary Dialogue Between Environmental Law and Economics
Ewerton Ricardo Messias,
André Luís Cateli Rosa
Issue:
Volume 7, Issue 2, April 2022
Pages:
45-51
Received:
17 March 2022
Accepted:
2 April 2022
Published:
26 April 2022
Abstract: This article aims to analyze the distinction between the concepts of economic growth, economic development, sustainable development and environmental justice; the inter-action between Environmental Law and Economics in the paradigm of environmental justice, and what is the purpose of such interaction; and environmental justice as a possible solution to the installed state of environmental imbalance. To this end, the concepts of economic growth, economic development, sustainable development and environmental justice are investigated; Complexity Theory and its transdisciplinary approach; and environmental justice as a new order capable of reversing a state of installed environmental imbalance. To obtain the results desired by the research, the method of approach to be followed will be the empirical-dialectical, using bibliographic research, having as a reference system the Law and Economics of Richard A. Posner. In conclusion, it is pointed out that there is a need for a new development model, which, based on transdisciplinarity, should seek solutions in favor of socioeconomic-environmental balance for present and future generations, as a way of overcoming the state of environmental imbalance installed, as well as all the economic, political, cultural, social and environmental impacts caused by it.
Abstract: This article aims to analyze the distinction between the concepts of economic growth, economic development, sustainable development and environmental justice; the inter-action between Environmental Law and Economics in the paradigm of environmental justice, and what is the purpose of such interaction; and environmental justice as a possible solutio...
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The Inadequacy of the Environmental Impact Assessment as a Model for Environmental Risk and Damage Business Management
Issue:
Volume 7, Issue 2, April 2022
Pages:
52-61
Received:
6 April 2022
Accepted:
20 April 2022
Published:
28 April 2022
Abstract: The possibility of major environmental disasters occurring, even qualified by the real risk of death, due to the licensing and operation of economic projects, without considering the cumulative and synergistic effects resulting from different projects, afflicts researchers from all over the world. Therefore, this research aimed to analyze the adequacy of the Environmental Impact Assessment (EIA) to avoid the occurrence of such environmental disasters. To that end, an analysis was carried out on the inefficiency and ineffectiveness of the EIA as a model for corporate environmental management; then, two case studies of major environmental disasters that occurred in Brazil were carried out, to verify whether environmental damage and loss of life occurred due to the disregard of the environmental variable in the planning phase of economic enterprises, for having adopted EIA as corporate environmental management model. Thus, the case studies were only carried out to demonstrate the seriousness of the disregard for the environmental variable in the planning phase of economic enterprises. In conclusion, it is emphasized that the EIA does not have a preventive character, as it is not related to the process of conceiving, choosing and preparing projects within the scope of economic enterprises.
Abstract: The possibility of major environmental disasters occurring, even qualified by the real risk of death, due to the licensing and operation of economic projects, without considering the cumulative and synergistic effects resulting from different projects, afflicts researchers from all over the world. Therefore, this research aimed to analyze the adequ...
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