Scientificia (E-Journals)
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The Role of English Proficiency and Financial Development in Stimulating Economic Growth
Full text linkThe role of English as the language of trade, finance and technology, has become more vital for development strategies in the 21st century. Recognition of English as the language of communication at the international level not only as knowledge of the language but also the ability to communicate effectively. Thus, the English language has become a necessity to strengthen relations with other countries in the world, especially in international trade, economic development, and financial development. With this motivation, the main purpose of this study was to look the impact of English proficiency in the relationship between financial development and economic growth. Using panel data for 55 countries from 2010-2019, this study applied the generalized method of moments estimation (GMMs). The findings prove that the interaction between English proficiency and financial development has positive impact on economic growth in selected countries. This study suggests that in achieving high and competitive economic growth in this era of globalization, the role of interaction between financial development and English Language Proficiency is vital to consider a reform that would strengthen the financial development and stimulate economic growth as well as development.
Research paper
Keywords: English Language Proficiency, Financial Development, Economic Growth, GMMs
Reference to this paper should be made as follows: Shaharuddin, N., Abdul Wahab, M. H., Safian, S. S., & Osman, A. A. (2022). The Role of English Proficiency and Financial Development in Stimulating Economic Growth. Journal of Entrepreneurship, Business and Economics, 10(2S2), 18–37.  
The Role of Company Initiated Learning Program on Employees’ Learning about Sustainability in Organization
Full text linkMany 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
Impact of Environmental, Social, and Governance (ESG), Profitability and Macroeconomics Indicators on Firm Performance
Full text linkFirms that are ESG compliant have better governance, care more about the environment and sustainable development, have lower profits volatility and access to lower-cost funding. Many investors can easily make judgment based on firm performance rather than financial success if ESG is incorporated into a firm's investment decision. The purpose of this study is to examine the relationship between ESG score, profitability, growth domestic product (GDP) growth, labor force, and population with Malaysian firms’ performance. A multiple regression technique is used to estimate the ordinary least square (OLS) method from year 2010 to 2020. The result identifies that ESG score, GDP growth, and population has significant relationship with firm performance.
Research paper
Keywords: Firm Performance; ESG; Profitability; Macroeconomic Indicators; Malaysia
Reference to this paper should be made as follows: Ma’in, M., Asmuni, S., Junos, S., Rostam, S. N., Azmi, N. H. A., & Sahidza, K. R. (2022). Impact of Environmental, Social, and Governance (ESG), Profitability and Macroeconomics Indicators on Firm Performance. Journal of Entrepreneurship, Business and Economics, 10(2), 1–17
Individual Needs’ Influence on Retirement Intention of Government Hospital Nurses in Malaysia
Full text linkGovernment hospital nurses’ shortages in Malaysia due to early retirement or leaving the profession is apparent in the workforce nowadays. This results in the loss of experienced and skilled nurses and a financial burden to the government due to longer provision funds or pension pay-out. To better manage this workforce, it is crucial to identify and understand the individual needs that influences the nurses’ intention to retire. The four individual needs, namely, health, financial stability, individual career competency and work-life balance, are analyzed on their influence on retirement intention. The Self-Determination Theory (SDT) is used to support the paper’s framework, focusing on the individual needs and its relatedness to retirement intention. The endpoint of this study further identifies and confirms the individual needs’ (health, financial stability, individual career competency and work-life balance) that influences nurses’ intention to stay or retire from their current role. The study aims to aid the academics and practitioners to understand better and address the issue of retirement intention among nurses to reduce their shortage and the financial burden of the government. Subsequently, it aids in the finding of core needs that influences decision towards retirement besides knowing the preferred retirement age of nurses by analyzing the effect of individual needs on retirement intention.
Research paper
Keywords: Retirement Intention; Individual Needs; Self-Determination Theory (SDT); Health, Financial Stability; Individual Career Competency; Work-Life-Balance; Government Hospital Nurses; Malaysia
Reference to this paper should be made as follows: Visvanathan, P., & Muthuveloo, R. (2022). Individual Needs’ Influence on Retirement Intention of Government Hospital Nurses in Malaysia. Journal of Entrepreneurship, Business and Economics, 10(1), 76–108.  
Does US Stock Market affect Malaysia Stock Market during Covid-19 Pandemic?
Full text linkThe purpose of this study is to explore the possibility of spillovers in return from the US Stock market return to the Malaysia Stock market. VAR models, Granger causality tests, and Generalized Autoregressive Conditional Heteroscedastic (GARCH) models are conducted in this study. This research considers the daily closing price of the Malaysian stock market indexes (FTSE Bursa Malaysia KLCI), spanning from February 4 2020 to 21st Mac 2022. The period of this research allows the empirical analysis during the period of the hike Covid19 cases. The empirical result concludes that return spillover is found to be unidirectional from the US stock market to the Malaysia stock market. The results of this investigation may have important implications regarding international investment, portfolio diversification, and risk management.
Research paper
Keywords: COVID-19, GARCH, Financial Markets, Malaysian Stock Markets
Reference to this paper should be made as follows: Binti Nizar, N., Bahrudin, N. Z., Che Yahya, N., Mohd Rashid, S. N., & Tehubijuluw, F. K. (2022). Does US Stock Market affect Malaysia Stock Market during Covid-19 Pandemic?. Journal of Entrepreneurship, Business and Economics, 10(2S1), 124–143
Review on Managing Climate Change and ESG Risks in Financial Market
No full textClimate change and environmental issues have an impact on the overall stability of the financial system. Intermediaries that operate on a long-term horizon are exposed to the consequences of extreme environmental events. Banking sectors and insurance companies could be the most vulnerable and sensitive to these issues. Consequently, the aims of this paper is to review recent development on the risk frameworks developed by regulators and to classify the climate-related risks, and to explore whether these risks affecting the costs and benefits that is related to organizations.
Research paper
Keywords: Climate change; environmental risks; governance; risk frameworks; systemic risk, finance
Reference to this paper should be made as follows: Mohamad Shafi, R., & Abu Bakar, N. (2022). Review on Managing Climate Change and ESG Risks in Financial Market. Journal of Entrepreneurship, Business and Economics, 10(2), 44–62.  
Financial Preparedness of households: A Review
Full text linkSince COVID-19 will hit the world in early 2020, households have been hit with unanticipated risks that lower their income, cause them to lose their jobs, or cause them to lose family members. This situation got worse when the Movement Control Order (MCO), which is slowing down the economy, was kept in place for longer. Businesses aren't running as usual, people are afraid to be in crowded places, and the virus's sudden change makes things worse. Malaysia was recently hit by a flash flood in December 2021. Selangor is an important part of Malaysia's economy, so the flash floods there have affected many economic activities. This flash flood was also written down as one of the worst flash floods ever, and it forced about 4,000 people to leave their homes. But most households in Malaysia aren't financially ready, so they depend a lot on government help. Financial preparedness is one of the important expect in having financial stability, especially during the occurrences of unexpected risk. The study on financial preparedness usually involving old age and retirement process. However, new study on financial preparedness based on health and unexpected event had emerged. This study review on the financial preparedness of households. SCOPUS database were used on identify the journals used for this study. This study identifies the types of financial preparedness and the factors contributing to the financial preparedness of households.
Research paper
Keywords: Financial Preparedness, Households, Covid-19
Reference to this paper should be made as follows: Azhar, N. A. Z. M., & Shakil, N. S. M. (2022). Financial Preparedness of households: A Review. Journal of Entrepreneurship, Business and Economics, 10(2S2), 154–164
Conceptualizing the Smart Holistic Growth Paradigm for Small and Medium Businesses: An Integrative Perspective
Full text linkRecognizing the multifaceted nature of firm growth, the search for a sustainable growth paradigm for small and medium-sized enterprises is prominent in academic debate. Despite the government's many assistance programs, small and medium enterprises are struggling to survive in the long run. Interestingly, sustainability reinforced by spirituality is viewed as a new strategic imperative and long-term objective for businesses. Recently, the adoption and usage of advanced technology have also enabled new capabilities, such as the ability to focus on fast-changing business opportunities. Thus, the study attempts to conceptualize an effective growth direction founded on the business perspectives of sustainability, advanced technology, and spirituality. A systematic analysis of literature has been executed to analyze the sustainable growth configuration triggered by recent business perspectives, in which over 369 publications are read and reviewed by the authors. It has also established the reliability and validity of literature analysis. Also, a short form of qualitative investigation has been used to support the conceptualization of the study. The outcomes of the study successfully established a new growth paradigm-the SHG (Smart Holistic Growth). Here, the strategic convergence of social, economic, environmental, technological, and spiritual performance has the potential to enable SMEs to survive in the long term. Each of these growth antecedents work interdependently with each other to strengthen the firms’ strategic objectives. On this note, the outcomes of the study can enhance business differentiation and competitiveness to endure environmental uncertainties. Also, this may be useful to promote the responsible use of advanced technology, which is key to creating active and informed citizens in the public sphere. This study is a unique attempt to extend the current understanding of the sustained form of growth of SMEs considering the integration of the mentioned business perspectives.
Research paper
Keywords: Advanced Technology; Corporate Spirituality; Digital Performance; Innovation; SME; SDGs; Sustainable Growth; VUCA
Reference to this paper should be made as follows: Islam, A., Maideen, M. B. H., Abd Wahab, S., Ya’akub, N. I., & Abdul Latif, A. S. (2022). Conceptualizing the Smart Holistic Growth Paradigm for Small and Medium Businesses: An Integrative Perspective. Journal of Entrepreneurship, Business and Economics, 10(1), 212–265.  
A Study on Country of Origin Towards Purchasing Intention of Cosmetic Products in Malaysia’s Consumer Perspective
Full text linkConsumer perceptions of product country-of-origin have shifted from one fresh perspective to another in the current and competitive period of global marketing. The new view could lead to both positive and negative outcomes in terms of dimensions. This study aims to contribute and gauge a better understanding of the country of origin toward purchasing intention of cosmetic products in Malaysia’s consumer perspective. The principal objective of this research is to perform a conceptual framework to examine the relationship of country origin towards purchasing intention of cosmetic products among Malaysian consumers. This study proposed to utilise a survey method and the data will be collected specifically in the Klang Valley area. The originality of this research is on its examining of the relationship among country of origin on purchasing intention of cosmetic product in Malaysian consumers context, something has been ignored in the previous studies. This conceptual model is expected to be contribute to the advancement of knowledge in cosmetic product purchase intention among Malaysian consumers and to get a clear picture of how the factor of the country of origin affects the consumer purchase intention for cosmetic products.
Research paper
Keywords: Country origin, Cosmetic, Malaysian, Purchasing intention
Reference to this paper should be made as follows: Zainuddin, A. Z., Zainuddin, N. Z., Muhamed, A. A., Ibrahim, Z., & Yunus, N. A. M. (2022). A Study On Country Of Origin Towards Purchasing Intention Of Cosmetic Products in Malaysia’s Consumer Perspective. Journal of Entrepreneurship, Business and Economics, 10(2S2), 138–153
Using the ARDL Approach to Investigate the Nexus Between Financial Risk and Sukuk Market Development
Full text linkThe purpose of this paper is to examine the effect of financial risk factors on Sukuk market development in Malaysia during the period 2015 to year 2021. To capture the effect of financial risk factors on Sukuk market development, the authors estimated the long-run linkage by using ARDL bounds testing approach to cointegration. This study confirmed the existence of both long-run and short-run relationships between the financial risk factors and Sukuk market development. The authors also found that the coefficient for international liquidity stability is positive and statistically significant in the long-run, but negative and statistically significant in the short-run. Findings obtained in this research can further justify the premium price to be paid in purchasing Sukuk as compared to conventional bond which may be beneficial to Sukuk market players in understanding these securities better in capitalizing its benefit to portfolio diversification. The use of ARDL approach that examines the long-run and short-run effects of financial risk factors on Sukuk market development in Malaysia makes the current study value added to the literature since there is scant research conducted in the same area using samples from an emerging Asian market.
Research paper
Keywords: Financial risk, Sukuk, ARDL model, Mala ysia market
Reference to this paper should be made as follows: Roslen, S. N. M, Zaghlol, A. K., & Abdul Aziz, M. R. (2022). Using the ARDL Approach to Investigate the Nexus Between Financial Risk and Sukuk Market Development. Journal of Entrepreneurship, Business and Economics, 10(2S1), 95–123.