European Journal of Business and Management Research 

About: European Journal of Business and Management Research is an academic journal published by European Open Access Publishing (Europa Publishing). The journal publishes majorly in the area(s): Computer science & Engineering. It has an ISSN identifier of 2507-1076. It is also open access. Over the lifetime, 433 publications have been published receiving 139 citations.

Cryptocurrency Price Prediction with Neural Networks of LSTM and Bayesian Optimization

Abstract: In this paper we present a price prediction for Bitcoin prices. The methodology used is a hybrid artificial neural network model of Long Short-Term Memory and Bayesian Optimization. This is a complex model with a high prediction power, which to our knowledge has not been applied to prediction of cryptocurrency prices to date. Following Charandabi and Kamyar (2021), we elaborate on previous methods used for prediction of cryptocurrency prices and build on their methodology. We conclude with detailed graphs and tables of optimization results.

Effect of E-Service Quality on Customer Satisfaction and Customer Loyalty on Tokopedia Customers in Denpasar

Abstract: The purpose of this study is to examine and explain the effect of e-service quality on customer satisfaction and customer loyalty to Tokopedia customers and the role of gender on this influence. This research was conducted in Denpasar City with 110 respondents. Data were collected through questionnaires and then analyzed using Structural Equation Model (SEM) using PLS (Partial Least Square) and MGS (Multi-Group Analysis) analysis techniques. The results of this study indicate that the dimensions of privacy, responsiveness, convenience, reliability, efficiency have a positive and significant effect on customer satisfaction. Customer satisfaction has a positive and significant effect on customer loyalty. There are differences in the effect of customer satisfaction on customer loyalty based on gender. On the direct influence of the dimensions of Privacy, Responsiveness, Ease, Reliability, efficiency on customer satisfaction, there is no difference based on gender.

CEO Compensation and Performance of Banks

Abstract: The association between CEO compensation and bank profitability has drawn substantial attention in recent years. The study analyzes the relationship between CEO compensation and bank performance in Bangladesh for 2010-2020. The variables used in the study are return on equity, CEOs salary, bonus, housing facilities, housing allowance, and foreign trips. The study uses a 2SLS estimator to remove the possible endogeneity and create an unbiased result. The results strongly suggest that the CEOs' compensation package is positively and significantly related to the bank performance. A higher compensation package motivates the executives to perform well and reduces the agency problem.

The Effect of Dividend Policy, Investment Decision, Leverage, Profitability, and Firm Size on Firm Value

Abstract: This study aims to obtain empirical evidence related to the effect of dividend policy, investment decisions, leverage, profitability, and firm size on firm value. The population of this study is all manufacturing companies listed on the Indonesian stock exchange in 2015-2019 with 30 companies as samples. Determination of the sample in this study using the purposive sampling method. Hypothesis testing in this study uses panel data regression. The results showed that dividend policy does not affect firm value, investment decisions do not affect firm value, leverage affects positively firm value, profitability affects positively firm value, and firm size does not affect firm value.

Corporate Governance and the Quality of Audit Process: An Exploratory Analysis Considering Internal Audit, Audit Committee and Board of Directors

Abstract: This research aims to offer a better understanding concerning the relationships between Internal Corporate Governance Mechanisms and quality of the external audit process and what are the governance mechanisms that can influence some aspects of the quality of the external audit process. Semi-structured interviews were employed in order to get detail views of the external auditors to explain and clarify how the Internal Corporate Governance Mechanisms can influence the quality of the external audit process as well as offer a better understanding of the relationships between the governance mechanisms and the quality of the external audit process. Adopting this research design (exploratory) was mainly as a response to the recent calls as there is a lack of this kind of study that investigate the relationship between the Internal Corporate Governance Mechanisms can influence the quality of the external audit process. This research focuses on the perception/insight of the Jordanian external auditors regarding the influence of Internal Corporate Governance Mechanisms on quality of the external audit process. Thus, this study uses a sample of 206 Jordanian external auditors for the survey and 13 participants from this sample for the interview. The qualitative study employed the thematic analysis to analyse the interview data. The interview results highlighted that there are different ways and stages that the ICGMs can influence the EAQ, for example, through holding effective regular meeting, ensuring the auditor compliance with the audit requirements “regular monitoring”, discussing the initial and significant audit results “draft of discussion”, taking necessary follow-up actions “feedback” as well as requesting the auditor to conduct additional tests which can in turn enhance the EAQ. The results also suggest that ICGM can assist improving different aspects of EAQ such as the quality of the evidence that are collected by the ICGM and the valuable guidance from the ICGM to the external auditor. The communication between the ICGM and external auditor can be focused on different issues related to the audit process such as auditors’ findings, the effectiveness of internal control, scope limitations and material misstatements which allow improving the effectiveness of audit process. This indicates that, the auditor must be aware of the dynamic deciding of the role of particular mechanisms in improving the external audit process. The results have implications for the practitioners and regulators who are assessing the role of ICGM in improving the reliability of the financial report and auditor’s report. The empirical findings demonstrate that different ICGM can influence different aspects of the EAQ. More importantly, the results reveal that audit practice in Jordan is experiencing some difficulties in terms of the independence of the auditor especially, for the small local firms and providing non-audit service. In addition, there is no professional body for board of director; internal audit and audit committee like Jordanian association of certified public accountant (JACPA) for the external auditor, thus, responsibilities of these mechanisms need to be formally overseen by a higher authority. For the policymakers, this study offers a unique proposition to improve the effectiveness of the ICGM to achieve EAQ. These empirical findings of this study also highlight the importance of improving EAQ as a solution for the agency problems through reducing information asymmetry, improving the disclosure practice, level of confidence and assurance of the financial reporting as well as deterring the opportunistic behaviour from different parties. This research extended the existing empirical evidence that investigated the role of the internal governance mechanisms in the audit process.