Vol 6, No 1, January – June 2021
Permanent URI for this collectionhttps://cam-ed-oar.com/handle/cam-ed-oar/653
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Publication Commercial Banks’ Profitability Determinants in Cambodia: Fixed Effect and Random Effect(CamEd Business School, June 30, 2021) Siphat Lim; Casey BarnettCommercial Banks’ Profitability Determinants in Cambodia: Fixed Effect and Random EffectPublication Quality of Accounting Graduates: Evidence from Cambodian Employers’ Perceptions(CamEd Business School, May 30, 2021) Ediri Okoloba Anderson; Mara MongIncreasingly, accountants are graduating from Cambodian universities, business schools, and financial institutions. They are gaining employments in record numbers with business organizations in both public and private sector in Cambodia due to its recent robust economic growth experienced by many different sectors: tourism and hospitality; consultancy services; manufacturing/industry; transport and logistics; consumer goods and retail; and of course, banking and finance. Our study examines the qualities and skills of currently employed accounting and finance graduates, exploring the perceptions and viewpoints of numerous private-sector employers. A hundred and fifteen (115) local companies (both small and large scale companies depending on the number of accountants employed), some with international ownership across more than 15 sectors; one-third of them SMEs who have been present in Cambodia for at least the past 4 years, and all in the private sector were investigated using a comprehensive self-reported questionnaire “Khmer accounting graduate quality questionnaire”. The research was prompted by a perceived gap between the qualities and skills possessed by the graduate employees under small scale private organizations and the graduate employees under a large scale private organizations. Data collected were analyzed using the Mann-Whitney U test and the Kruskal-Wallis test followed by multiple comparisons of the perceptions of large and small scale private business enterprises with IBM SPSS 21. The result shows that of the three researched questions, there is no significant difference in perception between large and small scale businesses in all the criteria in the first and third research questions, but there is a significant difference in perception in two of the criteria (Oral and written communications in Chinese) under the second research questions. It is worth noting though that out of all the criteria in the first question “Awareness of global accounting and economics” ranked the least quality by both small and large scale organizations’ perception of their employees. These research findings are expected to benefit all stakeholders, including policymakers on matters that enhance the employability and productivity of accountants in Cambodia. Keywords: Accounting graduates; employability; employers; employees; generic skills; technical skills and perceptionsPublication ACLEDA: A New Major IPO In Cambodia(CamEd Business School, May 30, 2021) Varabott Ho; Chakara SisowathThe term IPO or Initial Public Offering means the company is “going public”, the non-listed company is going to “sell their stock or share” to the public. The public can be individuals or institutional investors. Acleda has decided to join the Cambodia Securities Exchange1 main listed companies such Phnom Penh Water Supply Authority (PWSA), Grand Twins International (GTI), Phnom Penh Special Economic Zone (PPSP), Phnom Penh Autonomous Port (PPAP) and Sihanoukville Autonomous Port (PAS). It is expected to be listed and traded on the Cambodian local stock exchange (CSX) in May 2020. ACLEDA is one of the leading commercial banks in Cambodia. The strong growth in the Cambodian economy, fueled by favorable demographics and productivity growth will support the bank’s expansion in the medium term. But why is ACLEDA going public? And what would be the valuation of the dominating bank in the country? Nowadays, most of the valuation is based on the “secret” combination of “DCF” Model (Discounted Cash Flow) rather than “Dividend Discount Model” (DDM), and the utilization of the market multiples. Our study is one of the first contributions to the ACLEDA IPO Valuation literature. The authors will discuss and look at various research methodologies and research methods that are commonly used by researchers in the field of valuation. The chapter starts by providing a comprehensive introduction of Acleda Bank. The next section compares and differentiates the two comparative and financial approaches, followed by the last section on the comparative outcome with recommendations. The secondary data sources have been used in this research, and the actual data collection and data analysis method is described along the sections. This real case study research combines grounded theory finance research analysis based on archival data through the Internet, and multiple company visit/roadshows and discussions with the Cambodian licensed underwriters.Publication Psychological Distress and Academic Achievement: A Study on CamEd’s Freshman Year Students(CamEd Business School, May 30, 2021) Adriaan CornetThis study aims to analyse the influence of Psychological Distress on grades of freshman years student on CamEd Business school to further increase data on metal well-being in CamEd students. Psychological distress of 208 respondents was measured by the SRQ-20.112 SRQ-20 scores where compared with there course psychology grades. Differences on Psychological Distress between Gender and amount of enrolled schools where also analysed. High levels of Psychological distress where found in this study (above 60% at risk for mental health disorders), which is in line with earlier findings. There was no significant difference in PD between gender although a difference was found in gender and having a high risk for mental health disorders. No significant differences where found for number of enrolled schools and there was no correlation between PD and grades. Limitations and possible explanations are discussed. The findings of this study show the need to further research to the relationship between PD and academic achievements for this specific population. Keywords: Psychological Distress; Students; Academic Achievement; CambodiaPublication Social Media in Higher Education: Advantages, Strategies, and Challenges(CamEd Business School, May 30, 2021) MD Monirul IslamMore than 9 million Cambodian citizens are using social media for various purposes including networking, business, communication, news and entertainment. People are moving away from websites and blogs. Higher education institutes are using social media platforms especially Facebook as their marketing and student recruitment tool.Publication Applying Markowitz Portfolio Theory on Cambodia Securities Exchange(CamEd Business School, May 30, 2021) Siphat LimThis research bestows one of the most famous portfolio selection theories known as the Markowitz Portfolio Theory on Cambodia Securities Exchange. The result of the study indicates that in the case that short-selling is not prohibited, an optimal portfolio investment with the required rate of return of 20 percent per year is constructed through the long-position of FX and all of the securities listed in the CSX, such as stocks and bonds and the short-selling position of commodity goods, gold and crude oil. Long-position is applied only to all stocks and generates positive average annual return, while the assets, FX, gold, crude oil, and bond generates negative average annual return are not recommended to invest, in the case that short -selling is prohibited. The result of the survey on the undergraduate students majoring in accounting and finance reveals that the qualification of undergraduate students related to financial markets and financial instruments has a statistically significant relationship with the extent that lecturers or professors teach students how to apply financial theory in practice. Keywords: Markowitz Portfolio Theory; Cambodia Securities Exchange; SurveyPublication Change of Employer: Recent Cases on Job Security(CamEd Business School, May 30, 2021) Virak PrumArticle 87 of the Labor Law 1997 as amended in 2018 reads: “If a change occurs in the legal status of the employer, such as by succession or inheritance, sale, merger or transference of fund to form a company, all employment contracts in effect on the day of the change remain binding between the new employer and the workers of the enterprise.” This short article reveals key conceptual understandings governing the logic of this law by analyzing two recent labor arbitration cases. Job security seems indeed guaranteed as a matter of law but more needs to be done. Keywords: change of employer; termination; job security