974 research outputs found
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Improve resiliency through operational risk management: Case study in coffee shop ABC
No full textPurpose: The purpose of this research is to enhance the competitiveness of SMEs by creating operational risk management using ISO 31000:2018. This includes the process of identifying, evaluating, and mitigating risks in operational processes and will be applied to ABC Coffee Shop. This research is important considering that SMEs are one of the driving forces of the country's economy, but have a high failure rate due to intense competition and a tendency to be weak in various areas.
Method: The research utilized a qualitative descriptive case study method, involving primary data gathered through interviews with internal MSME stakeholders, as well as secondary data. This study aims to provide valuable insights for MSMEs, offering competitive solutions to help them thrive and remain competitive.
Results: The research results indicate that MSME Coffee Shop ABC faces 12 operational risks, with two posing an extreme level of risk that requires immediate attention.
Limitations: We recognize that risk management applies only to the MSME ABC Coffee Shop and focuses on operational risks. However, further research should address the overall risk to provide a broader picture of these findings.
Contribution: ABC-MSMEs should consider these findings when making decisions regarding future risk management. Additionally, MSMEs must consider these factors when planning business strategies and making decisions to achieve higher financial performance.
Novelty: To the best of our knowledge, this is the first study to implement risk management in MSME coffee shops using ISO 31000:2018
Examining the relationship between financial performance indicators and capitalization ratios: Analysis of Ghana's banking sector
No full textPurpose: This study examines the relationship between the capitalization ratio and business profitability, particularly its effect on return on assets (ROA) and return on equity (ROE). Capitalisation is crucial for financial growth and operational stability; however, an imbalance in the capital structure can adversely affect profitability. This study examines the essential issue of optimising capitalisation to improve firm performance, particularly under fluctuating economic conditions.
Method: This study employs a quantitative research approach to analyse firm-level data and to examine the relationship between capitalisation and profitability, with E-veiw as the analytical tools for regression analysis. The results indicate that elevated capitalisation ratios correlate with diminishing profitability and lower equity returns, highlighting the danger of excessive leverage. Overreliance on debt financing increases financial and operational risks, restricts liquidity, and reduces shareholders’ net returns.
Results: This research provides practical recommendations for corporate executives and governments. Businesses are urged to use balanced capital structures to improve financial flexibility and secure sustainable returns. Policymakers must strengthen regulatory frameworks to promote prudent financial management and mitigate the dangers linked to excessive debt financing.
Contribution: This study contributes to the literature by offering empirical information regarding the relationship between capitalization and profitability, specifically in emerging markets. The work's novelty is in its concrete advice that links academic frameworks to practical financial strategies
Development of investment activities in the automobile industry of Uzbekistan in the conditions of the digital economy
No full textPurpose: The article examines innovative indicators of industrial growth reserves. Activation of innovative factors is the most difficult, but the most promising way to increase industrial production.
Method: The paper examines the factors of influence of nanoinvestment activities on increasing the efficiency of economic indicators of enterprises of the automotive industry and the classification of investments, methods of assessment in the study of existing problems in the national automotive industry market, as well as methods of analysis based on the presented approaches.
Results: The analysis made it possible to identify significant reserves in increasing the level of capacity utilization, increasing labor productivity, modernizing fixed assets, as well as diversifying and increasing the competitiveness of industry
The influence of compensation and motivation on the performance of civil servants at The Population and Civil Registry Office of Bandung District
No full textPurpose: This study aims to analyze the conditions of compensation, motivation, and employee performance, and to determine the effect of compensation and motivation on employee performance.
Method: This study was conducted at the Population and Civil Registration Service of Bandung Regency. The independent variables of this study are compensation and motivation, while the dependent variable is employee performance. Employees at the Population and Civil Registration Service of Bandung Regency were used as the population in this study. Sampling was carried out using the Simple Probability technique distributed to 60 employees. This type of research is quantitative research and uses descriptive analysis and SEM-PLS for processing data to test the relationship between variables. The hypothesis in this study is that compensation has a significant effect on employee performance and motivation has a significant effect on employee performance.
Results: The results of this study indicate that compensation has a positive but insignificant effect on performance, while motivation has a significant positive effect on performance. In addition, compensation and motivation are proven to have a significant positive effect on performance. This means that increasing fair compensation and work motivation given to employees together can significantly improve employee performance. The results of this study are expected to provide in-depth insight into the dynamics that can affect performance at the Population and Civil Registration Service of Bandung Regency. This finding emphasizes the importance of a combination of compensation and motivation improvement strategies in creating a work environment that will support optimal performance
Impact of consumption values on cashless society: influence of perceived costs
No full textPurpose: This study aims to investigate the influence of consumption values (functional, social, emotional, epistemic, and conditional) on adopting a cashless society while examining the moderating effect of perceived cost and the mediating effect of cashless readiness.
Research Methodology: A quantitative research approach was employed, utilizing a convenience sampling method to collect data from 200 respondents through a survey. Statistical analysis techniques such as structural equation modeling (SEM) were likely used to analyze the data and test the hypothesized relationships.
Results: The study reveals that functional, epistemic, and conditional values significantly impact cashless readiness, which in turn affects the adoption of a cashless society. Perceived cost is identified as a significant moderator between cashless readiness and the adoption of a cashless society. Additionally, the findings indicate that cashless readiness partially mediates the relationship between functional, epistemic, and conditional values and the adoption of a cashless society.
Limitations: A potential limitation could be the use of a convenience sampling method, which may affect the generalizability of the findings to a larger population.
Contributions: The findings of this study could be valuable for mobile financial service providers, banking institutions, and governmental organizations in developing strategies to increase the adoption of digital payment systems. It contributes to the existing literature on consumer behavior and technology adoption, specifically in the context of cashless societies and mobile financial services
The impact of electronic procurement (E-procurement) on public sector accountability in Ghana
No full textPurpose: This study investigates the antecedents and consequences of e-procurement in Ghana, focusing on its role in enhancing transparency and accountability in public procurement.
Methods: The research sampled 200 respondents from various government agencies in Accra, including the Department of Roads, Ghana Cocoa Board, Ghana Health Service, and Tema Metropolitan Assembly. Data were analyzed using graphs, tables, descriptive statistics, chi-squared tests, and simple regression analysis.
Results: The findings revealed that the effective implementation of e-procurement in Ghana began in 2019, with agencies such as the Department of Feeder Roads, Ghana Cocoa Board, Ghana Health Service, Koforidua Technical University, and Tema Metropolitan Assembly adopting the system. The Ghana e-procurement system (GHANEPS) includes key components such as e-tendering, e-requisition, e-tender evaluation, e-supplier selection, and e-supplier relationship management. The study also found that transparency, accountability, automation, and a secure system were critical success factors in reducing corruption. In addition, a positive association was observed between e-procurement adoption and transparency in public procurement.
Conclusion: The findings underscore the significant role of e-procurement in enhancing transparency and accountability in Ghana’s public procurement processes.
Limitations: The study was limited to selected government agencies in Accra, which may restrict the generalizability of the findings to other regions and institutions in Ghana.
Contributions: This research contributes to the literature on public procurement reforms in Ghana, highlighting the effectiveness of e-procurement in enhancing transparency and accountability in public procurement, which has not been examined in previous studies in the Ghanaian context
Digital banking's effect on the banking industry & system transformation
No full textPurpose: This study examines how digital banking has affected Bangladesh's banking industry by emphasizing its ramifications, difficulties, and revolutionary influences.
Research Methodology: With 200 participants and secondary sources, this study employs a mixed-methods approach and concludes that digital banking improves financial inclusion, convenience, and security. However, obstacles to complete adoption include societal problems, legislative restrictions, and inadequate infrastructure. While inequalities in digital literacy and geographic access continue to be major concerns, security, accessibility, and time efficiency are also important contributing variables.
Results: Although the results highlight the potential of digital banking to modernize the banking sector and promote economic growth, their wider application is limited by factors, including their geographical concentration and dependence on self-reported data.
Conclusions: Bangladesh has enormous potential for equitable growth and financial innovation compared with digital banking. Nevertheless, for widespread adoption, infrastructure deficiencies, digital illiteracy, and security issues must be addressed.
Limitations: This study's limitations include its dependence on self-reported data, regional focus, and inadequate technology infrastructure that affects the uptake of digital banking.
Contribution: This study advances our knowledge of how digital banking is changing conventional banking institutions and provides practical advice to industry executives and legislators on how to remove obstacles and create a more robust and inclusive financial system.
Novelty: This study emphasizes financial inclusion, technological obstacles, and specific recommendations for sustainable growth and innovation, highlighting the revolutionary influence of digital banking on Bangladesh's banking industry
Governance, risk, and compliance maturity level: Optimizing XX LLC performance achievement
No full textPurpose: This research aims to evaluate the GRC maturity level at XX LLC as an SOE subsidiary engaged in plantation products and provides recommendations to improve GRC implementation.
Method: The research was qualitative with a case study approach. Data collection was carried out using secondary document collection to check the availability of documents to confirm the existence of GRC indicator elements. Supporting evidence that cannot be found on the website will be collected through interviews. The indicator used was from the GRC Forum Indonesia guidelines, which have three aspects.
Results: The results obtained from the average calculation of the three aspects of the GRC excellence model in XX LLC were 94.5% or had a proactive maturity level. However, several aspects still need to be improved to maximize GRC implementation at XX LLC and optimize company performance.
Conclusions: This study shows that a state-owned plantation subsidiary has reached a proactive GRC maturity level (94.5%), but still needs improvements in strategy dissemination, stress testing, innovation, and HR planning to enhance performance.
Limitations: This study is limited to state-owned plantation companies. The number of respondents, sources of theory, and previous research are limited, and access to information is restricted owing to the company policy on confidentiality.
Contribution: Because of the research limitations regarding the GRC maturity level, this study contributes to the literature and serves as an additional reference for further study. For XX LLC, this research can contribute to optimizing the company’s performance.
Novelty: This research uses secondary data collection, interviews, and document observation (available or not) as supporting evidence for respondents’ answers through interviews, while other research on GRC maturity levels only uses questionnaires
Optimum estimation and forecasting of gasoline consumption in Iran's national oil refining and distribution company
No full textPurpose: This paper presents an accurate estimation and forecasting of gasoline consumption. This is vital for the policy and decision-making process in the energy sector.
Method: A hybrid data-driven model based on Artificial Neural Network (ANN) and an autoregressive integrated moving average (ARIMA) approach was developed for optimum estimation and forecasting of gasoline consumption. The proposed hybrid ARIMA-ANN approach considers six lagged variables and one forecasted value provided by the ARIMA process. The ANN trains and tests data with a multi-layer perceptron (MLP) approach, which has the lowest Mean Absolute Percentage Error (MAPE). To show the applicability and superiority of the proposed hybrid approach, daily available data were collected for 7 years (2015–2021) in Iran.
Results: The acquired results show a high accuracy of about 94.27% using the proposed hybrid ARIMA-ANN method. The results of the proposed model are compared with respect to the regression models and the ARIMA process.
Conclusions: Analyzing consumption patterns can provide insights into consumer behavior, enabling NIORDC to tailor its services and marketing strategies more effectively.
Limitations: Eliminating subsidies from gasoline prices has led to the appearance of noisy data in gasoline consumption in Iran's National Oil Refining and Distribution Company.
Contribution: The outcome of this paper justifies the capability of the proposed hybrid ARIMA-ANN approach in accurate forecasting of gasoline consumption
The effect of Maqasid Al-Shariah towards youth motivation to become entrepreneur in Indonesia
No full textPurpose: The article emphasizes the role of maqasid al-shariah as youth motivation towards the intention to be an entrepreneur.
Method: This study is a quantitative research that collects data from 556 students across Indonesia and analyzes it through the Smart PLS statistical program to obtain results in both factor/indicator measurement and path analysis measurement.
Results: The study found that maqasid al-shariah significantly affects the youth’s intention to become entrepreneurs. The sequence of the five maqasid al-shariah indicators, from the most dominant influence, is progeny, wealth, intellect, soul, and faith.
Conclusions: This research provides valuable insight into the impact of Islamic principles, especially the Maqasid al-Shariah framework, on shaping entrepreneurial interests among university students. The emphasis on progeny and wealth reflects a dual commitment to maintaining family financial stability and contributing to community welfare through charitable efforts.
Limitations: This study focuses solely on university students in Indonesia, potentially limiting the generalizability of the findings to other demographic groups. Additionally, reliance on self-reported data may introduce response or social desirability biases. Future research should adopt longitudinal approaches and more diverse samples to improve external validity.
Contribution: This study enriches research on maqasid al-shariah as a framework shaping religious motivation for entrepreneurship, an area that has not been widely explored. The findings also have implications for public policy and education, suggesting the integration of Islamic values into university curricula to enhance entrepreneurial character