EFEKTIVITAS DAN EFISIENSI PEMBELAJARAN BERBASIS BLENDED LEARNING DI MADRASAH TSANAWIYAH NEGERI MODEL PALU

The learning process in the Palu State Islamic Education Madrasah has run as it should, although in terms of strategies, methods, and learning media used varies according to the conditions, both the material and the condition of the students, and the ability of the teacher itself is different from one another. Blended learning based learning at the Palu Model State Islamic Education Madrasah is considered effective and efficient because teachers are not preoccupied with making material designs, simply accessing the internet is needed including practice in the form of videos so that it will facilitate teachers, both in terms of time, effort and cost. The challenge of blended learning is that teachers are required to be more creative and able to use internet networks. While the opportunity is the Madrasah Tsanawiyah Negeri Model Palu already equipped with network facilities and infrastructure that can support blended learning.

Interrelationship Among Capital Structure, Corporate Governance Measures and Firm Value : Panel Study from Pakistan

The aim of the study is to test most discussed relationship between capital structure and firm value by investigating the intervening impact of various corporate governance measures. Major objective of the study is to examine the moderating and mediating impact of selected governance measures (board size, board independence, CEO role duality, managerial ownership and ownership concentration) on the relationship between capital structure (leverage) and firm value (Tobin' Q). However, the study also investigated the impact of governance measures on firm value, and impact of leverage on these governance measures. The study used the 775 firm year observations of 155 non-financial companies listed at Karachi Stock Exchange for financial years containing 2008 to 2012. Keeping in view the nature of data (balanced panel), fixed effects regression method is employed to estimate the formulated relationships. To test the mediation and moderation impact of governance measures this research used methods suggested by Baron and Kenny (1986). For first relationship of interest (impact of leverage on firm value) the study found significant positive impact, but in case of corporate governance, only board independence and ownership concentration measures are found affecting firm value significant with positive sign. Intensity of relationship is also very high (more than 0.3 for both of the variables). For third relationship i.e., impact of leverage on governance measures, this study found no significant affects. While finding, moderation this study found significant positive moderation for board independence and ownership concentration. However for managerial ownership this study found significant negative moderating effect between leverage and firm value. Four steps of Baron and Kenny (1986) are followed to find mediation, but in second step (impact of leverage on governance measures) this study found no teneralizable effects, so as a result this research study concluded no mediation.