Journal of Governance Risk Management Compliance and Sustainability
The focus and scope of JRGCS are but not limited to Principles and theory of risk assessment and management, Risk assessment policy, standards and regulations, Risk-based decision making and risk management, decision making and decision support systems for risk and disaster management on regional and global scales, Risk perception and communications, Risk assessment and control, Risk characterisation, Dynamic risk assessment, Integration of risk models and quantifications, Advanced concepts and information technologies in risk assessment and management, Integrated, risk assessment and safety management, Integrated risk assessment in developing and rapidly developing countries, Socio-economic, scientific and integrated approaches to sustainable development which consist of covering some issues/topic on: Development and realization of national policies and international treaties for sustainable development, Implementation and monitoring of policies for sustainable development, Changing consumption and production patterns, Developments in cultural diversity, tradition, social systems, globalization, immigration and settlement, and their impact on cultural or social sustainability, Ethical and philosophical aspects of sustainable development Education and awareness of sustainability, Impact of safety, security and disaster management on sustainability, Health-related aspects of sustainability, System analysis methods, including life cycle assessment and management, Sustainable Chemistry, Sustainable utilization of resources such as land, water, atmosphere and other biological resources, New and renewable sources of energy, Sustainable energy preservation and regeneration methods, Quasi-environmental sustainability – short term measures and their long term effects, Effects of global climate change on development and sustainability.
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Software Cost Estimation Practices Using RASCH Measurement Model: An Indonesian Regional Government Evidence
Rianti Rozalina;
Zulkefli Mansor
Journal of Governance Risk Management Compliance and Sustainability Vol. 2 No. 2 (2022): October
Publisher : Center for Risk Management & Sustainability and RSF Press
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DOI: 10.31098/jgrcs.v2i2.451
Software cost estimation (SCE) can be substantial challenges in software development as it could yield inaccurate results. The SCE failure influences project sustainability which might lead to additional costs and times to complete the project. Previous research has provided empirical evidence that the unsuccessfulness of software cost estimation in public sectors is higher than in private sectors. This is due to the actual cost not in line with the estimation cost. The objective of this paper is to determine the SCE practices in the regional government of Indonesia. This research adopts both quantitative and qualitative approaches. The quantitative approach was conducted by distributing questionnaires to government employees who are involved in cost estimation. RASCH model software was used to analyze the data. The qualitative approach involved interviewing personnel in the cost estimation process in regional government. This research involved seven government agencies in West Sumatera Province, Indonesia. The findings of this study show that current practices of SCE in the regional government of Indonesia are not effective although there is a budget ceiling (pagu anggaran) and owner estimate cost (harga perkiraan sendiri). This paper highlights the reasons for inaccurate results of SCE in public sector due to five factors which are: people who have authority to estimate the software cost, time of the estimation, no tool to estimate the software cost, the frequency of changing the scope and requirements of the project, and the number of changes of scope and requirements. However, this research may not include all the factors that influence software cost estimation in government projects yet. There might be other factors that might influence SCE in the public sector. These factors can assist the regional government of Indonesia to effectively and quantitatively analyze the factors that significantly impact software development in Indonesian regional government context. Those factors can be included as parameters in estimating the software cost and also to enhance the software cost estimation process. Thus, it can reduce the risk of the project from overrunning and over budget.
Organizational Practices of Income-Generating Projects: Basis for IGP Model Development
Fershie D. Yap
Journal of Governance Risk Management Compliance and Sustainability Vol. 2 No. 2 (2022): October
Publisher : Center for Risk Management & Sustainability and RSF Press
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DOI: 10.31098/jgrcs.v2i2.685
This research attempted to develop a proposed model for income-generating projects (IGPs) through their organizational practices to ensure their performance as expected. The study determined the level of performance of the IGPs operated; the status of organizational practices in terms of unit/organization structure, internal control, financial management, strategic planning, human resource management, and the marketing mix; the differences between means when grouped according to IGPs categories; and the predictor variables of IGP performance. The descriptive and causal design was assisted by the validated and reliability-tested researcher-made survey questionnaire. Data gathered from the 320 respondents participated by the IGP employees of the 13 State Universities and Colleges in Central Luzon were statistically interpreted using descriptive analysis, one-way analysis of variance, and multinomial logistic regression. The results show that in terms of individual IGPs, the non-agri-based projects are performing well compared with agri-based projects; however, both of them are not performing excellently. The IGPs were not practicing the organizational practices in their operation at all times but occasionally. The test of difference of the organizational practices between IGPs operated shows that formalization, risk assessment, information & communication system, financial reporting & analysis, vision and mission, business plan/planning, motivation, price, and promotion are statistically significant in operating agri-based IGPs; while all of the organizational practices are statistically significant in operating non-agri-based IGPs. Multinomial logistic regression indicated that there was a combination of organizational practices fit in operating agri-based and non-agri-based IGPs to achieve a low, average, and high performance.
Foreign Debts and Exchange Rate in Nigeria: The Stepwise Regression
Babatunde Bunmi Osifalujo;
Najeem Ayodeji Isiaka;
Oluwaseun Kayode Taiwo
Journal of Governance Risk Management Compliance and Sustainability Vol. 2 No. 2 (2022): October
Publisher : Center for Risk Management & Sustainability and RSF Press
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DOI: 10.31098/jgrcs.v2i2.909
The considerable argument on the relationship between foreign debt and exchange rate remains debatable among the researchers. Various conclusions had been drawn with different methodology and variables considered in the existing studies. Therefore, this study investigated the relationship between foreign trade and exchange rate in Nigeria for the period of 30years between 1990 and 2019. The study relied on a secondary source of data gathered through CBN statistical bulletin 2020 version. Foreign debt was strictly represented with multilateral debt, bilateral debt, Paris club and London club debt while exchange rate was considered as a dependent variable. Stepwise regression and vargranger were considered for the analysis and revealed that multilateral debt, Paris club and London club debt are the major debt positively influencing exchange rate fluctuation while bilateral debt has a negative relationship. Also, multilateral debt, bilateral debt and London club debt have a significant impact on exchange rate compared to Paris club debt with insignificant impact on exchange rate. Various models analyzed in the study show Multilateral debt remains significant in the entire model while bilateral debt became insignificant in model 4 and Paris club debt is not significant in Model 4 and 5. The granger causality test revealed that exchange rate does not influence multilateral debt but multilateral debt influences exchange rate. The study concluded that foreign debt has a significant relationship with the exchange rate. Therefore, the study recommends the government should maintain a favorable and controlled public external debt in order to reduce the exchange rate in Nigeria.
Implementation of Work-Life Balance and Work Stress for Job Satisfaction During the Covid-19 Pandemic
Marisi Butarbutar;
Abdi Kurnia Lubis;
Robert Tua Siregar;
Supitriyani Supitriyani
Journal of Governance Risk Management Compliance and Sustainability Vol. 2 No. 2 (2022): October
Publisher : Center for Risk Management & Sustainability and RSF Press
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DOI: 10.31098/jgrcs.v2i2.1111
In order to maximize work-life balance, minimize work stress, and utilize teachers as human resources, flexible work arrangements must be implemented. It is intended that the adoption of online learning platforms will lessen stress and boost job satisfaction by requiring teachers to practice work-life balance and flexible scheduling. But in practice, a lot of teachers do not even feel satisfied in their positions. This study aims to examine the relationship between work-life balance, stress at work, and job satisfaction as well as the impact of these factors on job satisfaction. This study focuses on the 168 State High School Civil Servants Teachers in Pematang Siantar City who received their certifications using a proportional random sample technique and normality-based data analysis. The SPSS Statistic version 20 program was used to run the test. The findings demonstrated that the answers met the criteria for job satisfaction, work-life balance, and work stress. The analysis of the correlation coefficient produced strong and favorable results. The results of the hypothesis testing revealed that, during the COVID 19 pandemic, Senior High School Teachers in Pematang Siantar City's work-life balance and work stress have a favorable and significant impact on job satisfaction.
Determining Factors for Sharia Stock Investment Decisions that Have An Impact on Value Recovery Companies During A Pandemic
Supitriyani Supitriyani;
Musa Fernando Silaen;
Marto Silalahi
Journal of Governance Risk Management Compliance and Sustainability Vol. 2 No. 2 (2022): October
Publisher : Center for Risk Management & Sustainability and RSF Press
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DOI: 10.31098/jgrcs.v2i2.1161
Due to the company's ongoing global expansion, numerous investors are competing to invest their money in it. The purpose of this is to get ready for the future. The stock prices of numerous companies have fallen as a result of the COVID-19 pandemic. But this actually causes Islamic stocks to rise gradually until they finally experience an increase in investors each year. In order to help investors who are considering investing in sharia-based companies, this study aims to test the effects of the determinants of the determinants of Sharia stock investment decisions on company value. Purposive sampling with non-probability sampling was used for the sampling technique. The method used for quantitative descriptive analysis in this study is multiple linear regression analysis. The conclusions in this study show that investment opportunities, profitability, debt policy and dividend policy have a significant effect on the value of the company simultaneously and partially the investment opportunity, profitability and debt policy have a significant effect on the value of the company while the dividend policy does not have a significant effect on the value of the company in the Jakarta Islamic Index.
Role of Facebook in Covid-19 Crisis Management and Awareness Raising Efforts in Bangladesh: Sentiment And Thematic Analysis
Md Ashraful Islam
Journal of Governance Risk Management Compliance and Sustainability Vol. 2 No. 2 (2022): October
Publisher : Center for Risk Management & Sustainability and RSF Press
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DOI: 10.31098/jgrcs.v2i2.1167
The advent of social media opened up a new window of opportunity for crisis communication. These platforms hold great promise as emergency communication tools. It is essential to understand the potential of these platforms in reaching people during an unknown circumstance like the covid-19 pandemic. This study aims to assess the role of Facebook in COVID-19 awareness-building efforts and its relevance for crisis communication in the public sector of Bangladesh. Posts and comments from the Facebook page of the Directorate General of Health Service (DGHS) were extracted from January 1 to June 8, 2020. Government efforts were classified and categorized by different themes based on the content of the posts made by the DGHS. Citizen response and the effort of the DGHS were evaluated by sentiment analysis on English comments made by Facebook users. The results show that the DGHS actively initiated posts from the first COVID-19 case with a significant increase in citizen engagement over time. Nine significant themes from the content of the DGHS’s post were identified, among which Facebook live bulletin (28%) and awareness and preventive measures (26%) were the most prevalent themes. Sentiment analysis found the prevalence of positive sentiment in over 20% of the comments. The findings suggest that the DGHS significantly draws public attention through the active use of its Facebook page. Through an official source, Facebook played a key role in facilitating emergency communication during the pandemic and delivering awareness campaigns on behalf of the government.