Evaluating the Impact of ESG Practices on Company Values in ASEAN-5 Region: The Moderating Roles of Financial Flexibility and Capital Structure
Eduard Ary Binsar Naibaho, Apriani Simatupang, Zalfa Nadira
This research examined the influence of environmental, social, and governance (ESG), financial flexibility, and capital structure on company value. Company value was measured using Tobin's Q, ESG was evaluated through the ESG score from Thomson Reuters, financial flexibility was assessed through a financial flexibility proxy, and capital structure was measured using the debt-to-equity Ratio (DER). The research also employed control variables, including return on assets, firm size, firm age, growth, inflation, gross domestic product, and COVID-19. The purposive sampling method was employed to analyze secondary data from 101 companies in the ASEAN-5 region (Indonesia, Malaysia, the Philippines, Singapore, and Thailand) from 2016 to 2022. The results indicate that ESG positively impacts a company's value. Financial flexibility and capital structure have a negative effect on company value. The control variables that significantly impact ROA, size, growth, GDP, and COVID-19, while age and inflation do not have a significant effect. The relevance of this research in finance lies in strengthening the relationship between non-financial factors (ESG) and a company's financial performance, as well as in understanding how managing financial flexibility and capital structure can support companies' sustainability and long-term value.
Political science, Social sciences and state - Asia (Asian studies only)
Familial affections vis-à-vis filial piety: the ethical challenges facing eldercare under neo-familism in contemporary China
Yunxiang Yan
Abstract The present study demonstrates that the values and practices of neo-familism are altering the ethical foundation of eldercare in a similar way as they did in other areas of family life. The chief ethical challenges include the shift of the center of gravity from ancestors to children or grandchildren, the inversion of the hierarchical order within the oneness of parent–child identity, the saliency of eldercare qinqing discourse derived from the intimate and emotional turn in family life, the importance of family history as the keeper of the balance sheet of qinqing interactions, and the emerging pursuit of distributive justice in the sphere of private life. Working together, these challenges have effectively destabilized the principle of filial piety as the ethical foundation of eldercare and, at the same time, they have contributed to the formation of a qinqing ethics of eldercare. The article ends with a sketch of the main features of the emerging qinqing ethics and a call for more innovative thinking out of the gatekeeping box of filial piety paradigm in the sociology of Chinese family.
Social Sciences, Social sciences and state - Asia (Asian studies only)
La esencia de la novela de Tsubochi Shôyô. Análisis crítico, traducción y notas de Kayoko Takagi Takanashi y José Pazó Espinosa. Madrid: Ediciones de la Universidad Autónoma de Madrid (“Colección Japón”), 2021, 292 pp.
Carlos Martínez Shaw
La traducción y el análisis de la obra Shôtetsu shinzui (“La esencia de la novela”) de Tsubouchi Shôyo, junto a la constatación del papel complementario jugado por la novela Ukigumo (“Nubes flotantes”), permiten a los investigadores indagar sobre los orígenes de la novela moderna en Japón, que hubo de superar numerosos obstáculos antes de alcanzar su completa madurez años después. Un amplio conocimiento de la bibliografía japonesa y occidental avala la solvencia de un texto modélico.
Social sciences and state - Asia (Asian studies only), Social sciences (General)
Improvement of a cashing trainer assembly methodology for FPGA development in vocational education students
Tuti Suartini, Sri Lestari Harja, Aan Sukandar
Learning media is defined as a tool used in conveying learning messages to students. Teachers or lectures can use the media to stimulate thoughts, feelings, attention and abilities or skills, and one of them is the use of trainers. The development board FPGA of trainer tools for skill learning in digital technology-based vocational education today has been a problem that obstructs the growth of experts in high-tech-based vocational field.The Spartan development board and its software can be used to elaborate the improvement of skill learning. This research analyse how the development board can be used to enhance students’ thinking skill. The trainer tools in the market lately are still in the form of a mother board that can be interfaced with various devices commonly used to perform various digital automation technology. This study elaborates the use of the cashing trainer assembly among electrical engineering students and mechanical engineering students in a joint project to assembly a development mother board.The learning media is also used in group training among the peers.Based on trials and observations made by researchers, the students as the object of research results, have not performed optimally to combine planning of cashing trainer assembly methodology and practice in the assembly.
Social sciences (General), Social sciences and state - Asia (Asian studies only)
The Gongfu Approach to Teaching and Doing Chinese Philosophy across Cultures
Robert A. Carleo III
This paper introduces a method of doing and teaching East Asian philosophy transculturally. The method underlies a pedagogy that has proven successful with students from diverse international backgrounds studying primarily in English, which suggests its potential for the wider scholarly community. The method centres on the practice, or gongfu, of doing philosophy with classical Chinese texts. The gongfu approach emphasizes the skill of interpreting and analysing texts within the context of the traditional works themselves. We have found that this skills-based approach to analysis bears much philosophical fruit. It does so, moreover, without subordinating the texts, their ideas, and their arguments to other more academically predominant frameworks. Or in more positive terms, it allows and encourages students to critically philosophize with the early Confucian and Daoist texts on their own terms, and to then creatively bring those unique insights and perspectives to bear on contemporary life.
This paper first introduces the gongfu approach to doing and teaching Chinese philosophy and its distinctive characteristics. It then contextualizes the value of this method through critically examining the nature of Chinese philosophy and how we can do Chinese philosophy in English. (How Chinese is it, and in what ways?) Throughout I offer short case studies from our program. I conclude by highlighting its promise as a mode (or valuable component) of transcultural philosophizing and briefly reflect on some reservations one might have.
Social sciences and state - Asia (Asian studies only)
Effect of agro-climatic factors on the yield of corn (IPB Var 6) under rainfed conditions in the Philippines
Anecito M. Anuada
The study aimed to determine the productivity of IPB Var 6 across different growing locations and identify the climatic factors affecting corn yield in the three climatic types based on Corona’s classification. Field experiments were conducted for one cropping season in selected corn-growing areas in Luzon, Visayas and Mindanao. These were laid out in a randomized complete block design (RCBD) with two replicates for each location. Climatic parameters such as temperature, rainfall, and relative humidity were determined in each location. Across locations, IPB Var 6 had the highest grain yield in Palayan, Nueva Ecija with a Type I climate; Tagbina, Surigao del Sur with a Type II climate; and Pitogo, Quezon with a Type IV climate. Temperature affected the grain yield of IPB Var 6 across climatic types in Luzon, Visayas, and Mindanao under a Type I climate. At the same time, location (environment) was also a factor under Type II and Type IV climates. The findings are useful in planning strategies like the dissemination of climatic information and the adjustment of cropping calendars in specific planting locations.
Social sciences (General), Social sciences and state - Asia (Asian studies only)
Producing Korean literature (KLit) for export
Peggy Levitt, Bo-Seon Shim
Abstract How does art from what have been culturally peripheral countries that were not former colonies of Western powers scale shift or find its way to the global center? What can the Korean case tell us about the circulation of contemporary literature in a “small language?” The scholarly literature offers many answers to these questions: the role of intermediaries, the power dynamics within the world system of translation, the topographies of literary circulation, and a range of other political, cultural, economic, and social factors. We propose that the Korean case sheds new light on these discussions in several important ways loosely subsumed under the umbrella of infrastructures—the platforms, passageways, containers, and gates that organize the writing, reading, publishing, and marketing of the literature. We see three kinds of infrastructures as catalysts of Korean literary success including infrastructures of export and promotion, infrastructures of discovery and consecration, and infrastructures of connection and vernacularization.
Social Sciences, Social sciences and state - Asia (Asian studies only)
Introduction: New Contributions in Tang Poetry
Yangxi Yangxi Ye (葉楊曦) Ye
History of Asia, Social sciences and state - Asia (Asian studies only)
Mediating Civil Conflicts in Southeast Asia: Lessons from Aceh and Mindanao
John Lee Candelaria
Southeast Asia has been a hotbed of intractable civil conflicts motivated by several issues such as ethnicity, ideology, and historical injustice, among others. Despite the intractability, there have been instances when third-party assistance through mediation has been vital in achieving peace agreements in the region. Using the cases of the third-party mediation of the conflicts in Aceh, Indonesia and Mindanao, Philippines, this research identified the kinds of mediation and qualities of mediators that led to the achievement of peace agreements in these two cases. This research mainly focused on path dependence, critical junctures, and periodization approaches in the comparative analysis of Aceh and Mindanao third-party mediation through a qualitative examination that involved comparative process tracing (CPT), a two-step methodological approach that combines theory, chronology, and comparison. The results showed that the mediators instrumental to the Aceh and Mindanao peace agreements allayed the commitment issues of the negotiations and ensured the trust and confidence of the conflict parties. Thus, mediators should create relations of trust among parties and a mediation environment where the commitment fears are relieved through the promise of third-party monitoring.
Political science, Social sciences and state - Asia (Asian studies only)
Causes, Effects, and Forms of Factionalism in Southeast Asia
Paul Chambers, Andreas Ufen
This paper is the introduction for a special issue which examines intra-party factions and factionalism in competitive party systems of Southeast Asia, looking at the cases of Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Timor-Leste, in that order and rounding up with a comparative conclusion. The study centres primarily upon one query: in competitive party systems of Southeast Asia, what accounts for the rise of factionalism in some party systems relative to others? The paper at hand frames this special issue, reviewing the literature and examining the causes, effects and forms of factionalism in general and more specifically in Southeast Asia.
International relations, Political institutions and public administration - Asia (Asian studies only)
Cliff Tomb Burial and Decorated Stone Sarcophagi from Sichuan from the Eastern Han Dynasty
Hajni Pejsue Elias
Cliff tombs and decorated stone sarcophagi from the Eastern Han period have been found in especially large numbers in Sichuan. The sudden rise of cliff tomb burial in the southwest and its decline by the 3rd century CE suggests that it was a trend that answered a particular call in a specific period. Their geographical concentration and use in a period of general social and political stability and economic prosperity in the region point to a distinctive new development in burial custom. Cliff tomb burial represented a fundamental shift in artistic and communicative objectives and a modification in cemetery layout. After examining cliff tombs found in Hejiang county, Sichuan, and especially the iconography and meaning of images carved on stone sarcophagi found therein, the paper suggests a number of possible reasons for the rise of cliff tomb burial, including a wish to eschew the ostentation associated with funereal practice at the time.
Social sciences and state - Asia (Asian studies only)
Power and Geopolitics along the Mekong: The Laos–Vietnam Negotiation on the Xayaburi Dam
Gabriele Giovannini PhD
This article is the first account of an overlooked aspect of the Xayaburi Dam, currently under construction in Laos in the mainstream of the Lower Mekong River; namely, the negotiations between Laos and Vietnam. Despite broad consensus among scholars and observers that Vietnam and Laos had diverging interests and preferences regarding the Xayaburi Dam, how Laos went ahead with the project despite Vietnam's explicit opposition to it has so far remained completely uncharted. This article aims to fill this knowledge gap by focusing on the state-to-state level of the Xayaburi Dam and addressing the factors that enabled Laos to pursue its interests prevailing over Vietnam despite the clear power asymmetry that shapes the bilateral relationship. The article concludes that geopolitical factors have limited Vietnam's leverage and its capacity to implement effective countermeasures to prevent Laos going ahead with the construction of the dam and have led to a positive outcome in relational power terms for Laos.
International relations, Political institutions and public administration - Asia (Asian studies only)
Invented Histories: The Nihon Senshi of the Meiji Imperial Japanese Army
Nathan H. LEDBETTER
Nihon Senshi (Military History of Japan) was part of the new Imperial Japanese Army’s attempt to tie itself to examples from Japan’s “warring states” period, similar to scholars who created a feudal “medieval” time in the Japanese past to fit into Western historiography, and intellectuals who discovered a “traditional” spirit called bushidō as a counterpart for English chivalry. The interpretations of these campaigns, placing the “three unifiers” of the late sixteenth century as global leaders in the modernization of military tactics and technology, show the Imperial Japanese Army’s desire to be seen as a “modern” military through its invented “institutional” history.
Social sciences and state - Asia (Asian studies only)
Book Review: Chachavalpongpun, Pavin (ed.) (2014), Good Coup Gone Bad: Thailand’s Political Developments since Thaksin’s Downfall
Hipolitus Yolisandry Ringgi Wangge
Book Review of the edited volume: Chachavalpongpun, Pavin (ed.) (2014), Good Coup Gone Bad: Thailand’s Political Developments since Thaksin’s Downfall. Singapore: Institute of Southeast Asian Studies (ISEAS) Publishing, ISBN 979-981-4459-60-0, 290 pages
International relations, Political institutions and public administration - Asia (Asian studies only)
Capturing the effect of film production: A qualitative perspective on film tourism in Wellington, New Zealand
My Nguyen Diem Tran
Film tourism as one of the Special Interest Tourism types has increasingly been noted in New Zealand since the success of The Lord of The Rings trilogy. By undertaking a case study of tour operators in Wellington, this paper aims at highligh-ting opportunities which film production can bring to local tourism businesses (tour operators), and how they are differed at different production stages. A Qualitative method involving in-depth interviews with several tour operators, i-SITEs and Regional Tourism Organization were employed. The case study demonstrates that film production brings various opportunities for tour operators including business establishment, product development and modification, and non-film tourism interest generation. The number of opportunities is also different at each production stage. A model that illustrates how opportunities for tour operators are created by film productions is developed as a result of this research.
Geography. Anthropology. Recreation, Social sciences and state - Asia (Asian studies only)
Interpretation in Maori cultural tourism in New Zealand: Exploring the perspectives of indigenous and non-indigenous guides
Dwyer, Trisha
Cultural tourism experiences provide opportunities for cultural exchange between the host culture and visitors. With growing interest in indigenous tourism, the extent of indigenous control over cultural content and representation becomes increasingly important. In mana-ging interpretation processes, guides have an influential role in facilitating understanding and appreciation in visitors, thereby fostering respect for indigenous cultural heritage. In a guided tour this exchange is facilitated by the tour guide who needs to consider the diversity of the visitors’ characteristics. By taking a visitor-centred approach to guiding and interpretation, guides adjust the way the experience is managed so that it is interesting, meaningful and relevant.
Geography. Anthropology. Recreation, Social sciences and state - Asia (Asian studies only)
Buying modern: Muslim subjectivity, the West and patterns of religious consumption in Lahore, Pakistan
Ammara Maqsood
This paper explores the emerging patterns of religious consumption in urban Lahore. The popularity and sale of headscarves, CDs and DVDs of sermons, Islamic mobile ringtones is often determined by their perceived popularity amongst the Muslim diaspora in the West. This paper analyses the reasons behind this pattern and argues that it is linked to local perspectives on ‘being modern’. By looking at the role of religious consumption in creating Muslim subjectivity, it shows that Muslims in Lahore increasingly want to buy goods that show them as ‘rational’ and ‘forward thinking’, ideas which they closely associate with modern-ness. Embedded in these decisions and understanding of ‘being modern’ is a problematic relationship with the West where it is seen as centre of modernity but its modernity is not accepted entirely and is countered by using religious consumption to build a modern Muslim identity.
Social sciences and state - Asia (Asian studies only), Political institutions and public administration - Asia (Asian studies only)
From the Editor’s Desk
Marco Bünte, David Camroux
From the Editor’s Desk. Introduction. Editorial.
International relations, Political institutions and public administration - Asia (Asian studies only)
Japan’s Development: A Model for Less-Developed Countries?
Kazushi Ohkawa
Japan’s experience from the Meiji period of the mid-nineteenth century onward provides highly valuable records for the modern economic growth of a non-Western nation. There are many references to the Japanese model of development as an excellent guide for present-day less-developed countries; also, there are references to the non-applicability of this special case. Surely, the truth lies in between…
Social sciences and state - Asia (Asian studies only)
Jørgen Delman: Agricultural Extension in Renshou County, China - A Case Study Bureaucratic Intervention for Agricultural Innovation and Change
Eduard B. Vermeer
Political institutions and public administration - Asia (Asian studies only), Social sciences and state - Asia (Asian studies only)