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CAPITAL STRUCTURE DETERMINANTS: EVIDENCE FROM PALESTINE AND EGYPT STOCK EXCHANGES Abdul Hadi, Abdul Razak; Suryanto, Tulus
IKONOMIKA Vol 1 No 2 (2016)
Publisher : Universitas Islam Negeri Raden Intan Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/febi.v1i2.147

Abstract

Abstract -This study is driven by the motivation to examine the capital structure determinants for Palestine Stock Exchange (PEX) and Egypt Stock Exchange (EGX). Within the framework of capital structure theories, this study uses Generalized Method of Moments (GMM,1982) as an estimation model employing quarterly panel data analysis during the observed period from 2008 till 2012. The test results from GMM indicate that all the examined determinants have significant relationship with leverage. It has a negative value with liquidity, non-debt tax shield, profitability, size and growth. The Egyptian firms have some uniqueness in its trend. Current assets, debt ratio and liquidity behave positively with leverage except for growth. The other tested determinants in Egyptian companies are found to be not significant. 
Bank Soundness and Sustainability-Evidence From Middle East, Indian Sub-Continent and African Banks Abdul Hadi, Abdul Razak; Suryanto, Tulus; Tat Hiung, Eddy Yap
IKONOMIKA Vol 3, No 1 (2018)
Publisher : Universitas Islam Negeri Raden Intan Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/febi.v3i1.2550

Abstract

ABSTRACTThe study is carried out with the objective of examining the effects of bank’s liquidity (LR), non-performing loans (NPL), capital adequacy ratio (CAR), loan growth (FEXP) and default risk premium (FQL) on bank’s performance as measured by return on assets (ROA) within the framework of Basel Committee on Banking Supervision.The financial intermediation theory of banking is reexamined to see how the current banking supervision safeguards the interest of depositors.  Engaging pooled OLS as an estimation tool on 93 commercial banks in Middle East, Africa and Indian subcontinent over study period from 2009 through 2016, the findings reveal thatthere are significant relationships between bank’s performance and its liquidity plus loan growth.  Both ROA and FEXP are also found to be positively correlated.  Even though NPL and CAR do not have significant relationship with ROA, both are found to be negatively correlated with ROA.  Overall, the study has proven that liquidity and loan growth have pivotal roles in sustaining bank’s profitability over time.   Keywords: Bank’s Liquidity, Return on Assets,Capital Adequacy Ratio, Non-Performing Loans, Loan Growth, Static Panel Data, PooledOLS and Basel Committee on Banking Supervision.
Capital Market Integration: Palestine and Israeli Experience. Suryanto, Tulus; Abdul Hadi, Abdul Razak
Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah Vol. 7 No. 2 (2015)
Publisher : UNIVERSITAS ISLAM NEGERI SYARIF HIDAYATULLAH JAKARTA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/aiq.v7i2.1697

Abstract

This study is driven by the motivation to examine the existence of probable equilibrium and dynamic relations between Palestine Stock Exchange (PEX) and Tel Aviv Stock Exchange (TASE). Within the framework of international trade theories, this study uses Engle-Granger Co-integration procedure as an estimation model employing monthly time series data during the observed period from January 1998 till February 2012. It was discovered that there is a significant equilibrium relationship between PEX and TASE, but no empirical evidence was found on the presence of dynamic relations between the two stock markets using Granger Causality tests. Meanwhile, analysis of dynamic interactions over post-sample period by Impulse-Response Functions and Variance Decomposition indicate that movements in TASE Index do influence the performance of PEX.DOI: 10.15408/aiq.v7i2.1697
Comparative Readiness Assessment of ISPS Code Implementation in ASEAN Ports Wahyuni, A. A. Istri Sri; Setiawan, Ariyono; Handoko, Wisnu; Hidayati, Dewi; Abdul Hadi, Abdul Razak
Jurnal Penelitian Transportasi Laut Vol. 27 No. 1 (2025): Jurnal Penelitian Transportasi Laut
Publisher : Sekretariat Badan Kebijakan Transportasi, Formerly by Puslitbang Transportasi Laut, Sungai, Danau, dan Penyeberangan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25104/transla.v27i1.2417

Abstract

This study aims to assess and compare the level of readiness in implementing the International Ship and Port Facility Security (ISPS) Code across ASEAN ports. As maritime security remains a critical priority in global logistics and trade, understanding national compliance disparities is essential for enhancing regional port resilience. Grounded in compliance theory and regional security cooperation, this research frames ISPS implementation as both a technical and institutional readiness challenge influenced by policy enforcement, infrastructure, and human resource capacity. A comparative, multi-country approach was used involving ten ASEAN countries. Five key indicators were analyzed: number of ISPS-compliant facilities, security monitoring systems, regulatory framework, personnel readiness (SDM/RSO), and operational challenges. Quantitative methods included descriptive statistics, correlation, principal component analysis (PCA), and K-means clustering to identify readiness patterns and gaps. The analysis revealed significant heterogeneity in ISPS Code implementation. Singapore demonstrated the highest readiness level, followed by Malaysia and Indonesia, while countries such as Laos and Myanmar exhibited low compliance scores. PCA results identified one dominant readiness component explaining 78% of variance. Clustering analysis grouped ASEAN countries into three readiness tiers, providing a basis for targeted regional support and harmonization strategies. Findings underscore the urgency of coordinated capacity-building, policy alignment, and funding assistance in lower-readiness states. The proposed readiness index can guide future regional security benchmarking. This study contributes a novel regional ISPS readiness index and presents the first multivariate readiness mapping of ASEAN ports, supporting data-driven policy formulation for maritime security enhancement.