Journal of Entrepreneurship, Business and Economics
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The Growth Effects of Electronic Banking: Evidence from Eastern Africa
Innovations in the financial sector are theoretically imbued with the potential to impact economic growth. However, studies that have sought to investigate this linkage in Eastern Africa have produced mixed results. Moreover, barely a few existing empirics have attempted to examine the possible mediating role of investment and savings on the latter nexus if any. With a focus on the period from 2004 through 2018, this study investigates the extent to which electronic banking affects economic performance in the region. Furthermore, the moderating effects of investment on the one hand and savings on the other were examined in the innovations-growth nexus to capture any conditional effects. To achieve our objective, panel data was analyzed using the autoregressive distributed lag (ARDL) approach, well-known for its efficiency and unbiasedness, as it takes care of endogeneity and serial correlation but which is also relatively more robust in small and finite sample data size. The results reveal the presence of the short and long-run relationship between electronic banking and economic growth. It is important note here that the impact is significantly stronger for the long-run relative to the short-run. Interestingly, our findings confirmed the significant role played by the capital formation in the latter relationship. On the other hand, the analysis provides no evidence that gross domestic savings are important in this linkage. However, we observe a direct critical role of investment, savings, inflation, foreign direct investment as well as labor in influencing output growth in the long run. Policies that are geared towards promoting electronic banking and investment while simultaneously minimizing the risks to the financial sector instability should be a priority in Eastern Africa
Research paper
Keywords: Financial Innovations; Economic Growth; Eastern Africa; Panel ARDL
Reference to this paper should be made as follows: Kyewaalabye, M., Mayanja, J. B., & Nnyanzi, J. B. (2022). The Growth Effects of Electronic Banking: Evidence from Eastern Africa. Journal of Entrepreneurship, Business and Economics, 10(1), 294–325.  
Assessing the Moderating Role of Organization Culture Effectiveness in Human Resource Management Practices and Organizational Innovation
The goal of this article is to investigate the role of human resource management (HRM) on innovation, organisational culture, and effectiveness. Firms' competitiveness and economic performance suffer when they are unable to expand and maintain their innovation capabilities. Malaysia's innovation capacity remains low. Furthermore, the lack of research and development (R&D) and innovation capabilities in the country shows significant hindrance. The ability of information and communications technology (ICT) enterprises to innovate is understudied despite the number of studies on the issue, specifically on ICT SMEs in Malaysia. Small and medium-sized enterprises (SMEs) in developing countries have received little attention in previous studies on Malaysian innovation because those studies have mostly focused on the manufacturing sector and include only large corporations from the West. A survey technique is applied to gather information from the owners, CEOs, and managers of ICT SMEs. This study plan to receive and evaluated 200 responses in total. The research models and hypotheses were evaluated using the Partial Least Squares (PLS) method. This research addresses the gap between Human Resource Management and innovation The study's goal is to improve and evaluate a theoretical framework that connects HRM and inventive potential. The study's objective is also to enhance and test a theoretical framework linking HRM and innovative capability. This research addresses the gap between Innovative Centric Human Resource Management and innovation, as well as the connection between HRM and organization culture in the context of innovation.
Research paper
Keywords: HRM Practices; Innovation; Organizations Culture; Effectiveness
Reference to this paper should be made as follows: Yusof, A. N. B. M., & Jamal, H. Z. B. (2022). Assessing the Moderating Role of Organization Culture Effectiveness in Human Resource Management Practices and Organizational Innovation. Journal of Entrepreneurship, Business and Economics, 10(2), 127–138
Impact Of Investors’ Sentiment On Share Prices: Potential Investing Strategies During The Covid-19 Outbreak
The resurgence of the Covid-19 infections worldwide and the downtrend in stock markets give anxiety to investors on the potential loss of their investment capital and value. At present, investors are motivated to search for the appropriate investment strategies for better protection of their investment value. There will be opportunities amid the risks, especially for investors with a long-term horizon. Still, the opportunities are difficult to exploit without the understanding of how the share prices of companies are influenced during the Covid-19 outbreak. The sentiment of investors, although it can be challenging to estimate, is posited as one of the dominating factors to the movement of share prices. Investors' sentiment, which will be negative with a pessimistic view on the future trends of certain stocks, may cause some stocks to be severely undervalued, offering other investors an opportunity to buy the shares at discounted price. As history from the previous infectious disease outbreaks reveals that their shocks to stock market usually are temporary, a buying strategy to stocks that have been dipped but are fundamentally strong can be suitable to apply for investors with long term objectives. The proposal to any potential investing strategy, however, is not plausible to develop without the understanding of how investors' sentiment during this pandemic affect the share prices of companies. Thus, using panel data regression analysis, this study is proposed to examine the daily impact of investors' sentiment on share prices of the Malaysian listed companies from January 2020, the month when the Covid-19 case reached Malaysia, to May 2022. Relying on the internet search-based data, Google Search Index volume (SIV) to measure the investors' sentiment reaction or sentiment, this study predicts that the sentiment of investors will uniquely impact the movement in the share prices of companies from specific sectors
Research paper
Keywords: Investors Sentiment; Share Prices; Investment Strategies; Covid-19
Reference to this paper should be made as follows: Che Yahya, N. (2022). Impact Of Investors’ Sentiment On Share Prices: Potential Investing Strategies During The Covid-19 Outbreak. Journal of Entrepreneurship, Business and Economics, 10(2), 18–43.  
Iranian women entrepreneurs: Good, Bad, Ugly
Women, like men, have achieved many successes in the field of business. In the following, we intend to introduce Iranian women entrepreneurs. When it comes to business or entrepreneurship, women entrepreneurs can show strength on par with men due to the many successes they have achieved in this field. In today's era, we see more desire of Iranian women to participate economically, socially and especially to study for higher scientific degrees, which makes them very active in the field of entrepreneurship. Most of these women are the founders of multinational companies and have reached their maximum goals in today's world and this way continues. Our world has seen many successful leaders and women in various fields including politics, fashion, design, music, entertainment, technology and science. In this article, we are going to introduce some Iranian women entrepreneurs,
Research paper
Keywords: Women Entrepreneurs, Iran, Entrepreneurship, Business, Female
Reference to this paper should be made as follows: Mina Fam, Z. (2022). Iranian women entrepreneurs: Good, Bad, Ugly. Journal of Entrepreneurship, Business and Economics, 10(2), 63–85.  
Healthy eSport Engagement for eSport Athletes: A Proposal for A Research Framework
The global spread of Covid19 poses a challenge to the business landscape at a magnitude we have not seen before. Covid19 was declared a “public health emergency of international concern” by the International Health Regulations Emergency Committee of the World Health Organization (WHO) on January 30, 2020. Less than two months later, the WHO declared COVID-19 as a pandemic. The situation of lockdown and movement restrictions has resulted in the emergence of online related activities on digital platforms such as online businesses, online learning and also the online gaming that is now known as eSport. Online gaming or eSport has become very popular among the public, including university students. Hence, excessive involvement in eSport activities will have negative effects not only to the students’ health but also to their quality of life. Despite a growing research interest in eSport, a void knowledge exists regarding the healthy eSport lifestyle. To address the gap in research, this paper aims to take an initial step by proposing a framework for a holistic model to determine the attributes of a balanced quality of life for eSport athletes. The framework combines two approaches from both health and sports literature and methodically will be using both qualitative and quantitative approaches for its investigation. The framework can help eSports athletes, especially students, to maintain a balanced quality of life despite their engagement in eSport activities.
Research paper
Keywords: eSport; healthy engagement; quality of life; lifestyle; athletes
Reference to this paper should be made as follows: Khir, M. M., Maon, S. N., & Demong, N. A. R. (2022). Healthy eSport Engagement for eSport Athletes: A Proposal for A Research Framework. Journal of Entrepreneurship, Business and Economics, 10(2), 110–126
The Role of Company Initiated Learning Program on Employees’ Learning about Sustainability in Organization
Many organizations have embedded sustainability strategy in the organization nowadays. Sustainability strategy drive the organization to set an action that focusing on balancing their commitment between planet, people and profit. In the effort to implement the strategy, employees in the organization must possess sufficient knowledge and skills related to sustainability practices. The process of acquiring knowledge about sustainability or sustainability learning (SL) is critical in embedding sustainability in organizations. Due to the urgently needs, this paper aims to determine how does company-initiated learning program facilitate SL among employees in the organization. In exploring the role of the company-initiated learning program in facilitating employees in organization to learn about sustainability, this paper also presents the program offered for SL, the benefits of the program and employees’ preferred learning program approach to learning sustainability. Based on this study, company-initiated training program is highly important in ensuring sustainable learning happens successfully. In this study context, company-initiated learning programs that emphasizes on informal learning, such as the Sustainability event (Corporate Social Responsibility Event) is effective more than formal learning program in supporting employees to learn about sustainability. The finding of this study is significant for the organization in developing learning program about sustainability to employees.
Research paper
Keywords: Sustainability, Sustainability learning, Formal learning, Informal learning, Training, Knowledge
Reference to this paper should be made as follows: Razali, M. Z. M., & Jamil, R. (2022). The Role of Company Initiated Learning Program on Employees’ Learning about Sustainability in Organization. Journal of Entrepreneurship, Business and Economics, 10(2), 192–209
Organizational Performance From Happiness Perspectives: Futuristic Measurement
This paper propagates that organizational performance should be evaluated through more relevant measures other than conventional financial and non-financial measures. The past study stressed that the practical organizational performance evaluation system should ensure the balance of financial and non-financial performance measures. In addition, organizational performance measures need to be chosen according to the context of the organization as they may have different outcomes in terms of performance. The appropriate selection of organizational performance measures is seen as a crucial factor in effectively accomplishing organizational strategic objectives. Therefore, this paper introduces the futuristic organizational performance measurement through happiness perspectives covering employees’ happiness, customers’ happiness and shareholders’ happiness. Non-financial performance could be measured through employee and customer happiness, whereas financial performance can be measured through shareholder happiness. Future research could confirm and enhance further the findings and contribution of organizational performance from happiness perspectives
The impact of online food delivery services on the financial performance of restaurant businesses in Malaysia
The food delivery industry is evolving and accelerated significantly in 2020 as a result of the COVID-19 pandemic, which made dine-ins impossible. The appeal of consumers to the approach of online food ordering is growing significantly, which has changed the way many consumers and food businesses interact. Many consumers and food business operators rely on food delivery platforms during movement control orders (MCO) with the no dine-in ruling. However, some businesses reported operating at a loss due to the platform's exorbitant delivery charges and hidden fees. As a result, the impact on food delivery services is hotly debated, and it is unclear whether online food delivery services improve business financial performance. Measuring financial performance, rather than just marketing triumphs, can determine how well a business is doing. Furthermore, studies on the impact of food delivery services on businesses are critical because this market is expected to grow significantly in the coming years. By using delivery services helps food businesses expand their operation outside their location as the delivery coverage. A propensity score matching analysis is proposed in this conceptual study to estimate causal treatment effects. The propensity score matching method is used to correct sample selection bias caused by structured questionnaires distributed to Malaysian restaurant businesses to collect primary data on observable differences between treatment and control groups. This conceptual research aims to assess the impact of food delivery services on restaurant financial performance in Malaysia. The relationship between food delivery services is expected to drive business financial performance.e
Research paper
Keywords: Food delivery, online platform, restaurant, Malaysia, financial performance, propensity score matching
Reference to this paper should be made as follows: Ibrahim, M. A., Ruslan, R. A. H. M., Abd Hamid, N. H., & Bin Abdullah, M. F. (2022). The impact of online food delivery services on the financial performance of restaurant businesses in Malaysia. Journal of Entrepreneurship, Business and Economics, 10(2S2), 55–70
Understanding Consumers’ Collaborative Consumption Participation Intention in Malaysia: An Application of the Theory of Planned Behaviour Model
The initial intention of practicing the collective way of consumption by the consumers was initiated by the idea of ethical consumption for those that yearned for social embeddedness with communal consciousness. Collaborative consumption is a new way of consumption practices beyond the less sustainable traditional linear consumption practices. This study examines the relative influence of consumers’ reasoned action variables of attitude, subjective norms, and perceived behavioral control on collaborative consumption by applying the theory of planned behavior The study framework also included consumers’ underlying values and beliefs of behavioural and control beliefs. A survey consisting of 249 samples size was collected and Partial Least Square regression (PLS-SEM) was employed to test the hypotheses. The results show that attitudes and perceived behavioural control are positive and significant in influencing collaborative consumption participation among Malaysian consumers. The behavioural belief of cost savings and community with others are found as consumers’ attitude belief underlying intention to consumer collectively. Consumers’ collaborative consumption intention is more influenced by economic motives than normative motives.
Research paper
Keywords: Collaborative Consumption; Theory of planned behaviour; Collaborative consumption; Malaysia
Reference to this paper should be made as follows: Chuah, S. C., Huay, C. S., & Azman, F. B. (2022). Understanding Consumers’ Collaborative Consumption Participation Intention in Malaysia: An Application of the Theory of Planned Behaviour Model. Journal of Entrepreneurship, Business and Economics, 10(2S1), 1–27
The Mediation Effects of Tax Avoidance between ESG And Cost of Debt, Firm Value: Evidence from ASEAN Listed Corporations
The object of this research is to explore whether environmental, social, and governance (ESG) activities have an influence on capital structure, tax avoidance, and firm value in the context of Southeast Asia. Also, examining whether existing two mediating effects of corporate tax avoidance between ESG activities and the cost of debt, and between ESG activities and firm value. The researchers applied regression models and the Sobel test with a total of 1105 samples that are existing listed companies reporting ESG on the Refinitiv data stream from 2018-2021. The results pointed out that ESG has a positive significant impact on tax avoidance, firm performance, and the debt of the firm. It also showed a positive correlation effect between tax avoidance and the value of the firm. Tax avoidance plays a partial mediation role between ESG and firm value. Therefore, research findings contribute to the related literature and associated partitioners and investors could apply the results for managing corporations and understanding corporations’ operating strategies in the ASEAN region.
Research paper
Keywords: Environmental, Social, and Governance (ESG); Tax avoidance; Firm value; Cost of debt
Reference to this paper should be made as follows: Duong, T., & Huang, Y. (2022). The Mediation Effects of Tax Avoidance between ESG And Cost of Debt, Firm Value: Evidence from ASEAN Listed Corporations. Journal of Entrepreneurship, Business and Economics, 10(2S2), 201–232.