International Journal of Professional Business Review
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A Critique on Theoritical Framework for Adoption of Corporate Sustainability Practices: Iintegrating Institutional Motives, Stakeholder Motives, and Managerial Motives
Get PDFPurpose: This literature review seeks to advance knowledge of the area of theories on motivation for corporate sustainability efforts as it has been researched by earlier experts. Corporate sustainability has gained more attention in academics and business since the 1990s. Still, there is a lack of literature in the area of motivational theories for corporate sustainability. This particular review paper offers an analysis of 30 articles from journals covering the area of business and management that were published between 2002 and 2022. The paper provides a summary of the growth of corporate sustainability, as well as various definitions, and theories that have been put into practice to motivate corporate sustainability efforts.
Method: The researcher employed a literature search strategy, drawing from prior review articles, to investigate corporate sustainability theories and related studies by reputable academics. The electronic search focused on business and management publications, using keywords like sustainability and motivating theories for corporate sustainable adoption. The search was limited to the most recent two decades. Each identified work underwent screening to assess its essential relevance to motivational theories of corporate sustainability.
Findings: The results show that the field of corporate sustainability is still developing and that several theories have been employed to measure the motives of corporate sustainability. We believe that despite the similarities and connections between the three theories: institutional theory, stakeholder theory, and managerial motives, they are complementary rather than competing. Most significantly, they can be combined with and connected to corporate sustainability activities to provide a multi-theoretical view of the motivations behind such practices.
Research Implication: This study provides a theoretical framework that can be applied to studies of corporate sustainability, particularly when attempting to understand why organizations motivate to adopt corporate sustainability.
Origonality/Value: This theoretical model can be used as a conceptual foundation for empirical research on the drivers of corporate sustainability initiatives in a variety of settings. To gain a deeper comprehension of corporate sustainability adoption, it makes an effort to gain valuable insights into more than one single theory
FACTORS AFFECTING SOCIAL SECURITY POLICY IN HO CHI MINH CITY, VIETNAM
Get PDFPurpose: The aim of this study is to examine the impact of globalization, international integration, and the application of science and technology 4.0 on the social security policy implementation in Ho Chi Minh City. Specifically, the focus is on improving the effectiveness of social security measures to ensure the material and spiritual well-being of vulnerable social groups in the city.
Theoretical Framework: The theoretical framework for this study is rooted in the works of Smith (1973), Dang Ngoc Dinh (2013), Nguyen Hai Huu (2007), Nguyen Huu Dung (2010), and Phan Xuan Bien (2007). These scholars have emphasized the significant role of social security policies in the context of globalization, international integration, and technological advancements. The theoretical approach will be structured to address key issues related to social security policy, considering both material and spiritual aspects of individuals' lives.
Design/Methodology/Approach: The research adopts a comprehensive approach, combining qualitative and quantitative methods. The analysis involves an examination of the current social security policy implementation in Ho Chi Minh City, utilizing data and insights from Dang Ngoc Dinh, Nguyen Hai Huu, Nguyen Huu Dung, and Phan Xuan Bien. Interviews, surveys, and case studies will be employed to gather data, and statistical analyses will be conducted to assess the effectiveness of existing policies.
Findings: The results of the study reveal the strengths and weaknesses of the current social security policy implementation in Ho Chi Minh City. The analysis will identify areas where improvements are needed to enhance the security of vulnerable social groups, considering both material and spiritual dimensions. Key findings will inform the development of policy recommendations.
Research, Practical & Social Implications: The study contributes to the existing body of knowledge by providing a nuanced understanding of the challenges and opportunities in implementing social security policies in the context of globalization and technological advancements. The practical implications include specific policy recommendations tailored to address the unique needs of vulnerable social groups in Ho Chi Minh City. Socially, the study aims to foster social progress by promoting the well-being and security of individuals within the community.
Originality/Value: The value of this study lies in its in-depth analysis of social security policy implementation in Ho Chi Minh City within the current globalized and technologically advanced landscape. By synthesizing insights from prominent scholars and applying them to the specific context of the city, the study offers original perspectives and valuable recommendations for policymakers, contributing to the ongoing discourse on social security in urban areas
English
No full textPurpose: Our objective is to examine the switching costs that exist in the European postal service, where an ambitious process of opening up to competition has been carried out since 1997, as well as the different types of retention costs.
Theoretical Framework: The theoretical framework is determined by the sectoral regulatory framework regarding the liberalization of services of general economic interest in the EU, the experience of postal operators in recent decades and the changes experienced in the demand for postal services in the current context of profound technological change in the field of communication.
Design/Methodology/Approach: This research work is carried out through a systematic review of the relevant specialized literature, the study of the policy decisions adopted in the EU, the changes in the strategies of postal operators and the rigorous analysis of the evolution of the demand of the postal services in a context of rapid and profound change.
Finding: Inadequate regulation of the access to some elements of postal infrastructure or services within the scope of the universal postal service, such as the postcode system, address database, post office boxes, delivery boxes, re-direction and retour to sender service, can generate switching costs and thus limiting competition, with negative effects on the consumer surplus and social welfare. Standardization and access to these elements may be regulated separately
Research, Practical & Social Implications: This article proposes solutions to the technical functions of coordination between operators. Our proposals are in line with sectoral directives aimed at strengthening competition in the long term in the postal market.
Originality/Value: A correct classification of the change costs applied to the liberalized postal service is made. Likewise, a classification of retention costs. We must underline the progress that our proposals represent to reduce the costs of switching to elements of the postal network whose access is mandatory
FINANCIAL PLANNING AND DECISION MAKING AS PREDICTORS OF FINANCIAL PERFORMANCE IN MSMES
Get PDFPurpose: the present study demonstrates that the combination of financial planning and decision making jointly contribute as predictors of efficient financial performance, permeating into MSMEs’ market sustainability.
Theoretical Framework: Micro, small and medium enterprises (MSMEs) currently have a relevant role in gross domestic product and direct job creation in Latin American countries. The literature shows that financial planning is a highly valuable tool for large businesses, facilitating decision making and creating positive impacts on financial performance. However, these studies are centered on businesses classified as large, excluding MSMEs. Recent studies have approached financial planning, decision making, and financial performance in MSMEs on an individualized basis.
Methodology: The study carried out was quantitative, non-experimental, correlation, cross-sectional, and explanatory. A total of 308 MSMEs participated, obtained from the National Geography and Statistics Institute (INEGI, 2019), of which 34.41% were industrial, 32.14% commercial, and 33.41% from the service sector. Normal distribution tests were done (Kolmogorov-Smirnov tests), along with symmetry and kurtosis.
Findings: The findings suggest that MSMEs which have been around for seven years or more have financial planning knowledge favoring their decision-making and generating efficient financial performance, making time a determining factor.
Research, Practical & Social Implications: Our findings have significant implications for generating proper planning based on solid tools, with the effect of assertive decision making which favors financial performance.
Originality/Value: The most important contribution from this study to MSMEs is to show that financial planning is not only for large organizations, but can apply to them as well.Propósito: esta investigación demuestra que la combinación de planificación financiera y toma de decisiones contribuyentes en conjunto como predictores de desempeño financiero eficiente, permeando a la sustentabilidad de las mini-PYMEs en el mercado.
Marco referencial: Las micro, pequeñas y medianas empresas (mini-PYMEs) actualmente tienen un papel relevante en el producto bruto interno y la creación directa de empleos en países latinoamericanos. La literatura demuestra que la planificación financiera es una herramienta muy valiosa para las empresas grandes, facilitando la realización de decisiones y creando impactos positivos sobre el desempeño financiero. Sin embargo, estos estudios están centrados en negocios categorizados como grandes, excluyendo las miniPYMEs. Estudios recientes han contemplado la planificación financiera, la toma de decisiones y el desempeño financiero con un método individualizado.
Metodología: Se realizó un estudio cuantitativo, no experimental, transversal, correlacional y explicativo. Un total de 308 miniPYMES participaron, con una muestra obtenida del Instituto Nacional Estadística y Geográfica (INEGI, 2019. En esta muestra, el 34,41% fueron negocios industriales, el 32,14% fueron comerciales, y el 33,41 % del sector de servicios.Se realizaron pruebas de distribución normal (Kolmogorov-Smirnov), además de simetría y curtosis.
Hallazgos: Los resultados indican que las mini-PYMES que han durado siete años o más tienen conocimientos de planificación financiera que les brinda apoyo en la toma de decisiones y genera desempeño financiero eficiente, lo cual indica que el tiempo es un factor determinante.
ImplicaciOnes de la Investigación: Nuestros hallazgos tienen implicaciones importantes en la generación de planificaciones adecuadas a base de herramientas sólidas, con el efecto de tomar decisiones asertivas que favorecen el desempeño financiero.
Originalidad/valor: La contribución más valiosa de esta investigación para las mini-PYMEs es que demuestra que la planificación financiera no es solamente para las empresas grandes, sino que puede aplicarse para ellas tambiénObjetivo : Esta pesquisa demuestra que una combinación entre planes financieros y tomas de decisiones contribuyen juntos como predictores de desempeño financiero eficiente, permeando la sustentabilidad de las mini-PME en el mercado.
Referencial teórico : As micro, pequeñas y medianas empresas (mini-PME) têm atualmente um papel relevante no produto interno bruto e na criação direta de empregos nos países latinoamericanos. La literatura muestra que el plan financiero es una herramienta muy valiosa para las grandes empresas, facilitando la toma de decisiones y criando impactos positivos en el desempeño financiero. Sin embargo, estos estudios se centran en empresas categorizadas como grandes, excluidas las mini-PME. Estudios recientes consideran el plan financiero, la toma de decisiones y el desarrollo financiero con un método individualizado.
Diseño/metodología/abordagem : Foi realizado um estudio cuantitativo, no experimental, transversal, correlacional e explicativo. Participamos 308 mini-PME, com mostramos obtida junto do Instituto Nacional de Estatística e Geografia (INEGI, 2019. Nesta mostramos, 34,41% eran empresas industriales, 32,14% eran comerciales y 33,41% eranm do sector dos serviços. Testículos para distribución normal (Kolmogorov-Smirnov), bem como simetria e curtose.
Resultados : Los resultados indican que como mini-PME que duram siete años o más conhecimentos de planeamento financiero que apoiam a toma de decisiones y genera un desempenho financiero eficiente, o que indica que o tempo é um factor determinante.
Pesquisa, implicações práticas e sociais : Nuestros resultados têm implicações importantes na geração de um planejamento adequado baseado em ferramentas solidas, com efeito na toma de decisiones asertivas que favoreçam o desempenho financieroiro.
Originalidad/valor : Una contribución más valiosa de esta investigación para as mini-PME es que demuestra que el plano financiero no se aplica sólo a las grandes empresas, pero también se puede aplicar a ellas
STAKEHOLDER PERSPECTIVES ON THE MANAGEMENT AND IMPLEMENTATION OF CAMPUS AUTONOMY IN TRIBHUVAN UNIVERSITY NEPAL: A QUALITATIVE ANALYSIS
Get PDFPurpose: This study investigates stakeholder perspectives on the implementation of campus autonomy at Tribhuvan University. It aims to explore how stakeholders perceive campus autonomy, identify opportunities and challenges associated with it, and examine its benefits and drawbacks.
Methodology: The study is based on a qualitative research method utilizing thematic analysis. It focuses on four main themes: structural challenges, institutional sustainability, governance and accountability, and collaboration and coordination. Data were collected through in-depth interviews and focus group discussions, and thematic analysis was employed to extract valuable insights from stakeholders.
Results and Discussion: The findings reveal the complexities involved in autonomy implementation. It highlights the significance of strategic planning, capacity development, addressing disparities, upholding academic freedom, maintaining coordination, and striking a balance between autonomy and accountability to foster innovation and enhance educational outcomes.
Conclusion: Implementing campus autonomy in Nepal's higher education system requires careful planning, capacity-building, good governance and accountability, and fostering collaboration and coordination to address challenges and stimulate innovation.
Implication: The research provides valuable insights to stakeholders for improved decision-making, academic quality, governance, innovation, stakeholder engagement, and policy recommendations in developing a high-quality higher education system.
Originality/Value: The research's originality lies in aligning its implementation with stakeholders' expectations for quality development in higher education through campus autonomy. Stakeholder insights and opinions offer valuable understanding of campus autonomy, including its benefits, challenges, and potential implications. These insights inform decision-makers and policymakers, aiding their efforts to enhance campus autonomy and improve educational systems
SUSTAINABILITY-ORIENTED INNOVATION AND CSR: A QUANTITATIVE RESEARCH IN BRAZILIAN MULTINATIONALS
Get PDFObjective: The purpose of this study is to analyze the relationship between Sustainability-Oriented Innovation (SOI) and Corporate Social Responsibility (CSR) in Brazilian multinationals.
Theoretical Framework: The theoretical framework provides relevant information on CSR and SOI, which forms the basis for the development of hypotheses.
Method: To collect data, an e-survey was conducted with Brazilian multinationals operating in various industries and segments, resulting in 60 valid questionnaires. The data was analyzed through multivariate analysis, employing canonical correlation and multiple linear regression procedures.
Results and Discussion: The results of the multivariate analysis empirically supported five hypotheses (h1, h2, h3, h4, and h5). However, the results did not support the hypothesis that predicted a positive correlation between SOI practices and CSR as a differentiation strategy.
Research Implications: The practical and theoretical implications of this research are significant, particularly in shedding light on emerging market multinationals, with a specific focus on Brazilian companies. By specifically examining Brazilian multinationals, this research fills a crucial gap in the literature, offering insights into the unique challenges and opportunities faced by firms from an emerging market like Brazil.
Originality/Value: The findings of this study provide valuable guidance for Brazilian multinational corporations seeking to enhance their CSR initiatives and SOI practices. By understanding the relationships between CSR, SOI, and other key variables, these companies can develop more effective strategies to navigate global markets while simultaneously addressing social and environmental concerns.RESUMEN
Objetivo: El propósito de este estudio es analizar la relación entre la Innovación Orientada a la Sostenibilidad (SOI) y la Responsabilidad Social Corporativa (CSR) en multinacionales brasileñas.
Marco Teórico: El marco teórico proporciona información relevante sobre CSR y SOI, lo cual sirve de base para el desarrollo de hipótesis.
Método: Para recopilar datos, se llevó a cabo una encuesta electrónica con multinacionales brasileñas que operan en diversos sectores y segmentos, lo que resultó en 60 cuestionarios válidos. Los datos fueron analizados mediante análisis multivariado, empleando correlación canónica y procedimientos de regresión lineal múltiple.
Resultados y Discusión: Los resultados del análisis multivariado respaldaron empíricamente cinco hipótesis (h1, h2, h3, h4 y h5). Sin embargo, los resultados no respaldaron la hipótesis que preveía una correlación positiva entre las prácticas de SOI y CSR como estrategia de diferenciación.
Implicaciones de la investigación: Las implicaciones prácticas y teóricas de esta investigación son significativas, especialmente al arrojar luz sobre las multinacionales de mercados emergentes, con un enfoque específico en las empresas brasileñas. Al examinar específicamente las multinacionales brasileñas, esta investigación llena un vacío crucial en la literatura, ofreciendo ideas sobre los desafíos y oportunidades únicos enfrentados por empresas de un mercado emergente como Brasil.
Originalidad/Valor: Los hallazgos de este estudio proporcionan orientación valiosa para las multinacionales brasileñas que buscan mejorar sus iniciativas de CSR y prácticas de SOI. Al comprender las relaciones entre CSR, SOI y otras variables clave, estas empresas pueden desarrollar estrategias más efectivas para navegar en los mercados globales mientras abordan simultáneamente preocupaciones sociales y ambientales.Objetivo: O objetivo deste estudo é analisar a relação entre Inovação Orientada para a Sustentabilidade (SOI) e Responsabilidade Social Corporativa (CSR) em multinacionais brasileiras.
Referencial Teórico: O referencial teórico fornece informações relevantes sobre CSR e SOI, que servem de base para o desenvolvimento de hipóteses.
Método: Para coletar dados, foi realizada uma pesquisa eletrônica com multinacionais brasileiras que atuam em diversos setores e segmentos, resultando em 60 questionários válidos. Os dados foram analisados por meio de análise multivariada, empregando correlação canônica e procedimentos de regressão linear múltipla.
Resultados e Discussão: Os resultados da análise multivariada apoiaram empiricamente cinco hipóteses (h1, h2, h3, h4 e h5). No entanto, os resultados não apoiaram a hipótese que previa uma correlação positiva entre as práticas de SOI e CSR como estratégia de diferenciação.
Implicações da Pesquisa: As implicações práticas e teóricas desta pesquisa são significativas, especialmente ao lançar luz sobre as multinacionais de mercados emergentes, com um foco específico nas empresas brasileiras. Ao examinar especificamente as multinacionais brasileiras, esta pesquisa preenche uma lacuna crucial na literatura, oferecendo insights sobre os desafios e oportunidades únicos enfrentados por empresas de um mercado emergente como o Brasil.
Originalidade/Valor: Os resultados deste estudo fornecem orientações valiosas para as multinacionais brasileiras que buscam aprimorar suas iniciativas de CSR e práticas de SOI. Ao entender as relações entre CSR, SOI e outras variáveis-chave, essas empresas podem desenvolver estratégias mais eficazes para navegar nos mercados globais enquanto simultaneamente abordam preocupações sociais e ambientais
THE MODEL OF STRATEGIC MANAGEMENT OF A RELIGIOUS TOURISM DESTINATION IN FUNCTION OF SUSTAINABLE DEVELOPMENT
Get PDFObjective: This study aims to explore the significance and potential of religious tourism in Croatia for sustainable development, highlighting the absence of a strategic approach in managing this tourism sector. The primary goal is to assess the current state of religious tourism, identify challenges, and recommend strategic directions for enhancing religious tourism destinations.
Theoretical Framework: The research is anchored in the theories and models of sustainable development, tourism management, and cultural heritage preservation. These theories provide a comprehensive understanding of how religious tourism can contribute to economic growth, cultural preservation, and community engagement in a sustainable manner.
Method: Employing survey research and analysis of relevant resources, this study systematically examines the current landscape of religious tourism in Croatia. It focuses on stakeholder coordination, promotion strategies, infrastructure development, and cultural heritage preservation efforts.
Results and Discussion: The investigation reveals a fragmented approach to managing religious tourism, characterized by poor coordination among stakeholders, inadequate promotion, underdeveloped infrastructure, and challenges in cultural heritage preservation. These findings suggest that a more cohesive and strategic approach could significantly bolster sustainable development, enhance economic opportunities in rural locales, and foster cultural heritage appreciation.
Research Implications: The study underscores the necessity for stronger collaboration among religious communities, tourism organizations, and governmental authorities. It advocates for enhanced promotional efforts, infrastructure investments, and robust measures for cultural and religious heritage conservation, offering valuable insights for policymakers, tourism developers, and community leaders.
Originality/Value: This paper contributes original insights into the underexplored domain of religious tourism in Croatia, offering a structured analysis of its current state and potential for sustainable development. Its strategic recommendations provide a foundation for future initiatives to harness religious tourism as a vehicle for economic and cultural sustainability in Croatia
EFFECT OF GREEN ACCOUNTING, LEVERAGE, FIRM SIZE ON FIRM VALUE WITH PROFITABILITY AS INTERVENING VARIABLE
Get PDFPurpose: This study investigates how green accounting practices, leverage (debt levels), and company size influence profitability and ultimately firm value. The research focuses on companies listed in the Jakarta Islamic Index (JII). Previous research on these relationships has yielded mixed and inconsistent results. They point out that few studies have examined these variables together in a single model. This study aims to address this gap by creating a new model that explores the combined effects of green accounting, leverage, and size on profitability, and ultimately, firm value within the JII context.
Theoretical Framework: This research is grounded in two key theories: stakeholder theory and signaling theory. While past empirical studies haven't yielded definitive results, this research offers a fresh perspective. The novel model developed in this study builds upon existing knowledge by examining how several previously linked variables interact and influence firm performance.
Design/Methodology/Approach: This research employed a descriptive approach, analyzing financial data from company annual reports. To understand the relationships between the variables, a statistical technique called Structural Equation Modeling (SEM) was used. The study focused on companies listed on the Jakarta Islamic Index (JII) of the Indonesian Stock Exchange between 2019 and 2022. A 120-sample size from 30 companies was chosen strategically using a purposive sampling method from the JII.
Result and Discussion: This study found that leverage (debt) and company size have a positive and statistically significant impact on profitability. Interestingly, green accounting practices did not have a clear influence on firm value. There was a negative effect, but it wasn't statistically significant. Firm size itself also did not directly affect firm value in a statistically significant way. However, profitability itself has a strong and positive impact on firm value. Additionally, profitability can act as an indirect factor, mediating the relationship between leverage and firm value. Based on these results, the study recommends that companies listed on the Jakarta Islamic Index (JII) consider strategic use of debt financing. This can be a way to improve profitability and ultimately attract investors, leading to a higher firm value.
Originality/Value: This research introduces a novel model that investigates the interconnected effects of several variables with proven relationships.Propósito: Este estudio investiga cómo las prácticas de contabilidad ecológica, el apalancamiento (niveles de deuda) y el tamaño de la empresa influyen en la rentabilidad y, en última instancia, en el valor de la empresa. La investigación se centra en las empresas que figuran en el Índice Islámico de Yakarta (JII). Investigaciones anteriores sobre estas relaciones han arrojado resultados mixtos e inconsistentes. Señalan que pocos estudios han examinado estas variables juntas en un solo modelo. Este estudio tiene como objetivo abordar esta brecha mediante la creación de un nuevo modelo que explore los efectos combinados de la contabilidad, el apalancamiento y el tamaño verdes sobre la rentabilidad y, en última instancia, el valor de la empresa dentro del contexto de la JII.
Marco teórico: Esta investigación se basa en dos teorías clave: la teoría de las partes interesadas y la teoría de la señalización. Si bien estudios empíricos anteriores no han arrojado resultados definitivos, esta investigación ofrece una nueva perspectiva. El novedoso modelo desarrollado en este estudio se basa en el conocimiento existente al examinar cómo varias variables previamente vinculadas interactúan e influyen en el desempeño de la empresa.
Diseño/metodología/enfoque: Esta investigación empleó un enfoque descriptivo, analizando datos financieros de los informes anuales de las empresas. Para comprender las relaciones entre las variables se utilizó una técnica estadística denominada Modelado de Ecuaciones Estructurales (SEM). El estudio se centró en empresas que cotizan en el Índice Islámico de Yakarta (JII) de la Bolsa de Valores de Indonesia entre 2019 y 2022. Se eligió estratégicamente un tamaño de muestra de 120 de 30 empresas utilizando un método de muestreo intencional del JII.
Resultado y discusión: Este estudio encontró que el apalancamiento (deuda) y el tamaño de la empresa tienen un impacto positivo y estadísticamente significativo en la rentabilidad. Curiosamente, las prácticas de contabilidad ecológica no tuvieron una influencia clara en el valor de las empresas. Hubo un efecto negativo, pero no fue estadísticamente significativo. El tamaño de la empresa en sí tampoco afectó directamente el valor de la empresa de manera estadísticamente significativa. Sin embargo, la rentabilidad en sí misma tiene un impacto fuerte y positivo en el valor de la empresa. Además, la rentabilidad puede actuar como un factor indirecto, mediando la relación entre el apalancamiento y el valor de la empresa. Sobre la base de estos resultados, el estudio recomienda que las empresas que cotizan en el Índice Islámico de Yakarta (JII) consideren el uso estratégico de la financiación de deuda. Esta puede ser una forma de mejorar la rentabilidad y, en última instancia, atraer inversores, lo que generará un mayor valor de la empresa.
Originalidad/valor: Esta investigación introduce un modelo novedoso que investiga los efectos interconectados de varias variables con relaciones comprobadas.Objetivo: Este estudo investiga como as práticas contábeis verdes, a alavancagem (níveis de endividamento) e o tamanho da empresa influenciam a lucratividade e, em última análise, o valor da empresa. A pesquisa concentra-se em empresas listadas no Índice Islâmico de Jacarta (JII). Pesquisas anteriores sobre essas relações produziram resultados mistos e inconsistentes. Eles ressaltam que poucos estudos examinaram essas variáveis juntas em um único modelo. Este estudo visa colmatar esta lacuna através da criação de um novo modelo que explora os efeitos combinados da contabilidade verde, da alavancagem e da dimensão na rentabilidade e, em última análise, no valor da empresa no contexto JII.
Enquadramento Teórico: Esta investigação baseia-se em duas teorias principais: teoria das partes interessadas e teoria da sinalização. Embora estudos empíricos anteriores não tenham produzido resultados definitivos, esta pesquisa oferece uma nova perspectiva. O novo modelo desenvolvido neste estudo baseia-se no conhecimento existente, examinando como diversas variáveis previamente vinculadas interagem e influenciam o desempenho da empresa.
Delineamento/metodologia/abordagem: Esta pesquisa empregou uma abordagem descritiva, analisando dados financeiros dos relatórios anuais das empresas. Para compreender as relações entre as variáveis, foi utilizada uma técnica estatística denominada Modelagem de Equações Estruturais (SEM). O estudo centrou-se em empresas cotadas no Índice Islâmico de Jacarta (JII) da Bolsa de Valores da Indonésia entre 2019 e 2022. Um tamanho de amostra de 120 de 30 empresas foi escolhido estrategicamente utilizando um método de amostragem proposital do JII.
Resultados e Discussão: Constatações: Este estudo concluiu que a alavancagem (dívida) e o tamanho da empresa têm um impacto positivo e estatisticamente significativo na rentabilidade. Curiosamente, as práticas de contabilidade verde não tiveram uma influência clara no valor da empresa. Houve um efeito negativo, mas não foi estatisticamente significativo. O próprio tamanho da empresa também não afetou diretamente o valor da empresa de forma estatisticamente significativa. No entanto, a própria rentabilidade tem um impacto forte e positivo no valor da empresa. Além disso, a rentabilidade pode atuar como fator indireto, mediando a relação entre alavancagem e valor da empresa. Com base nestes resultados, o estudo recomenda que as empresas listadas no Índice Islâmico de Jacarta (JII) considerem o uso estratégico do financiamento da dívida. Esta pode ser uma forma de melhorar a rentabilidade e, em última análise, atrair investidores, levando a um maior valor da empresa.
Originalidade/Valor: O novo modelo neste estudo vincula várias variáveis que anteriormente se mostraram relacionadas entre si
EXPLORING THE INFLUENCE FROM FINANCIAL KNOWLEDGE FOR RETIREMENT AND RETIREMENT SELF-EFFICACY ON LIFE SATISFACTION THROUGH THE MEDIATOR - RETIREMENT READINESS AMONG WORKING ADULTS IN CHINA
Get PDFObjective: The main purpose of this study is to explore the influences of Financial Knowledge for Retirement and Retirement Self-efficacy on Life Satisfaction, with a specific focus on the mediating role of Retirement Readiness among working adults in China.
Theoretical Framework: The study is grounded in the context of China’s aging population and slowing economic growth, highlighting the increasing importance of Retirement Readiness. It posits that Financial Knowledge for Retirement and Retirement Self-efficacy are key determinants of Retirement Readiness, which in turn impacts Life Satisfaction.
Method: Utilizing a quantitative research methodology, data were collected from a stratified sample of working adults in China, covering diverse age groups, regions, and occupational backgrounds.
Results and Discussion: The findings confirm all five proposed hypotheses, demonstrating that both Financial Knowledge for Retirement and Retirement Self-efficacy have a statistically significant impact on Retirement Readiness. Retirement Readiness, in turn, has a statistically significant influence on Life Satisfaction. This suggests that enhancing financial knowledge and self-efficacy in retirement planning can improve Retirement Readiness and, consequently, Life Satisfaction among working adults in China.
Research Implications: The study highlights the importance of financial education and tailored guidance for retirement planning. It suggests that working adults, policymakers, educators, financial advisors, and researchers should focus on improving Financial Knowledge for Retirement and Retirement Self-efficacy to help individuals better prepare for retirement.
Originality/Value: This study provides a comprehensive investigation into the determinants of Life Satisfaction among working adults in China, with a particular emphasis on the mediating role of Retirement Readiness
COMMUNITY EMPOWERMENT AND IT’S INFLUENCE ON IMPLEMENTATION OF WATER PROJECTS IN MACHAKOS COUNTY OF KENYA
Get PDFObjective: This study focused on the extent to which Community empowerment influence Implementation of water projects in Machakos County of Kenya. Accessibility to safe water has been a great challenge not only in Machakos County but to the developing world. The purpose of this study was to establish Community empowerment influence on Implementation of water projects in Machakos County of Kenya.
Theoretical Framework: The study was anchored on Pragmatic paradigm and used descriptive survey research design. The target population for this study was Machakos County water representatives both staff and Community. Research sample comprised of, Water Resources Users Association officials, Water Resource Management Authority employees, County Ministry of Water and Irrigation staff, Water Services Trust Fund staff and Tana Athi Water Services Agency Staff, giving a total target population of 572 individuals.
Method: The sample size of the study was derived from the various strata’s by using Krejcie and Morgan Table for sample size determination which gave a sample size of 226 participants. The research instruments used included: questionnaires; Key informant Interviews, Focus Group discussions, observation, documents review and Interview guides. Data was analysed using descriptive statistics and inferential statistics. Quantitative data was analysed using frequencies, percentages, mean, standard deviation, composite mean and standard deviation. Qualitative data was analysed by content analysis.
Research Implications: This Study is significant to policy makers, students, water agency managers and primary stakeholders in the research region. It was concluded that Community empowerment significantly influence implementation of water projects in Machakos County in Kenya