International Journal of Professional Business Review
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Analysis of Capital Budgeting Green Industry in Innovative and Sustainable Post-Mining Programs in Belitung Regency
Get PDFPurpose: The main purpose of this article is to evaluate the feasibility of the re-mining project of the closure tin mine area which is then processed into silica products according to export specifications, which is simultaneous with the process of environmental management of the closure mining area.
Theoretical framework: Determining the capital budgeting of the project, financial indicators: Payback Period, NPV, Profitable Index, Internal Rate Return, and Return of Investment, and sensitivity
Design/methodology/approach: A quantitative approach will be used to analyze the capital budgeting calculations to build a green industry through re-mining and silica refinery activities in good environmental management, not only land rehabilitation and vegetation restoration activities but post-mining activities, however synergized through creating an innovative program.
Findings: Based on the results of investment calculations, the development of this green industry was declared technically and financially feasible through the management of re-mining, production of silica, and structuring the ex-mining area into a productive green area with a budget commitment that was mutually agreed upon before this activity was carried out.
Research, Practical & Social implications: The post-mining tin location in Belitung Province – Indonesia, still has the potential for non-metallic mineral content, which can be re-mined and refined for silica commodities. The ex-mining area was found to be still an open area and even barren, even though PT Timah Tbk has carried out environmental restoration activities.
Originality/value: In the study of capital budgeting for re-mining and silica refineries, the sensitivity of the analysis to changes in fuel costs and changes in selling prices has also been calculated
The Mediating Effect of Organizational Memory on Social Media and Hotel Reputation in Jordan
Get PDFPurpose: This study analyzed the mediating effect of organizational memory on the relationship between social media and hotel reputation in Jordan.
Theoretical framework: The study employed the theory of organizational memory to clarify the mediating effect of organizational memory on social media and hotel reputation. It is a theoretical construct that explains how knowledge production, preservation, distribution, and application occur across time in an organization and how the cumulative impact affects the organization's current as well as its planned actions and decisions.
Design/methodology/approach: The study surveyed 600 participants from hotels in Amman. They were selected randomly according to Westland’s sampling criteria. They were asked to rate their responses on a seven-point Likert scale. Moreover, the (PLS-SEM) is adopted in this research to analyze the collected data.
Findings: The result reflected that the social media significantly influences hotel reputation in Jordan. Besides, social media positively impacts organizational memory and organizational memory positively impacts hotel reputation. It is also noted that organizational memory partially affects the relationship between social media and hotel reputation in Jordan.
Research, Practical & Social implications: The results of this study will be a policy recommendation between the department of human resources, regulators, researchers and policy makers.
Originality/value: This is the first research in Jordan to address the mediating effect of organizational memory on the relationship between social media and hotel reputation
Cohesion of Accounting Information System Fundamentals and Knowledge Robustness in Financial Reporting
Get PDFPurpose: This study aims to verify the impact for the solidity of accounting information system components on the knowledge robustness of accounting financial reports. the study anticipated to shed light and contribute to the ability of the interdependence, integration and homogeneity of the AIS components for providing financial reports enclose a useful knowledge for decision makers.
Theoretical framework: The great development in the business environment and the need for complete, appropriate and transparent accounting knowledge and information to make various investment decisions, this need has become urgent to provide accurate and complete set of accounting reports through proficient accounting information systems.
Design/methodology/approach: The study follows a quantitative research methodology by constructing a well-structured electronic questionnaire to survey 280 personnel from 70 Jordanian financial sector companies. The collected responses from sample then analyzed by arithmetic mean, simple and multiple regression to validate a set of predetermined hypotheses.
Findings: The study results confirmed the availability for the six main elements of AIS in financial sector; knowledge robustness in financial reporting was also obtainable if AIS components are efficient The study also concluded that there is a single positive effect for each component of the accounting information system on the quality and coherence of financial reports. The results also affirmed the joint positive impact of all components of AIS on the knowledge robustness on financial reports.
Research, Practical & Social implications: The study conveyed several contributions to AIS literature; it revealed that proper information system fundamentals supports the financial knowledge of decision makers to conduct decisions. performance enhancement can be accomplished strengthening the accounting information system. AIS increases the transparency and reliability of reported outcomes and thus reduces the future uncertainties and risks. The availability for complete set AIS fundamentals empower the communication level among company divisions and facilitate the accessibility for data necessary for work.
Originality/value: The value of the study is stemed from its topic which is considered from the few topics that conducted on this area in our middle east region and particularly Jordan; moreover, this study deeply examines the accounting information system availability and its status from the viewpoints of many professionals.
Recognition and Enforcement of Annulled Arbitral Awards Under the New York Convention 1958
Get PDFPurpose: The arbitral awards are enforceable internationally under the Convention on the Recognition and Enforcement of Foreign Arbitral Awards, 1958. The Convention provides the discretion to the courts in enforcing State either to enforce or reject the international arbitral awards. The award set aside at the seat of arbitration is not enforceable, however the courts in some jurisdictions enforced such awards. In this context the paper examines how the courts in different jurisdictions justified while enforcing the annulled awards.
Theoretical framework: Arbitration mechanism is frequently used for settlement of international commercial disputes. It enables party autonomy in drafting arbitration agreements, choosing the applicable law and determining the arbitration seat. According to Article V (1)(e) of the New York Convention the national courts may refuse to recognize or enforce the foreign award if it was set aside or annulled at the seat of arbitration or under law of which such award was given. In some jurisdictions the enforcing courts considered the annulment procedure followed by the courts and if such procedure was unfair, the courts in enforcing country have agreed to enforce the set aside awards.
Design/methodology/approach: The author followed the legal analysis method to examine the approach of the courts from different jurisdictions that have enforced the annulled foreign arbitral awards and the legal comparative method observed to study the judicial decisions from various jurisdictions.
Findings: The study concludes that Article V (1) of the New York Convention gives discretionary power to the enforcing courts regarding enforcement of foreign arbitral award. Hence, the courts in some jurisdictions enforced the annulled award if the set aside procedure was unfair, based on local grounds, biased, violated basic norms of justice, against the parties’ agreement or applied domestic law instead of the New York Convention. To secure the enforcement of award, the parties to the arbitration may agree that the arbitral award is not subject to challenge in any court at the arbitration seat or in the state in which the award is enforced and prefer a pro-arbitration State as a seat of arbitration.
Research, Practical & Social implications: The study provides practical guidance to the arbitrating parties in drafting arbitration agreements to ensure the enforcement of an arbitration award internationally.
Originality/value: The research on enforcement of annulled award under the New York Convention immensely helpful in guiding the arbitration parties in drafting the arbitration agreement, choosing arbitration procedure and seat of arbitration
An Inferential Statistical Analysis of the Key Factors Influencing the Adoption of New Technology by MEEC (MICE) Organizers in Thailand
Get PDFPurpose: The aim of this study is to examine the adoption of new technology within the Meetings, Exhibitions and Conventions sector in Thailand.
Theoretical framework: An adapted version of the diffusion of innovation theory combined with variables from the Technology Acceptance Model (TAM) is used to define the key variables upon which data is gathered.
Design/Methodology/Approach: The study reviews the MEEC/MICE sector in Thailand and its importance, the existing level of the adoption of new technology and the government plan to encourage further adoption. An online survey of 302 MEEC/MICE Organizers is analyzed using stepwise Multiple Linear regression to estimate the attitude of the organizers toward new technology and which factors have the greatest influence on their intention to adopt new technology further.
Findings: The results indicate that 85% of the study participants are currently adopting MEEC/MICE technological innovation in one way or another, and 99.6% are of the opinion that they will adopt it in the future. The study also indicates that the business environment, of which government policy is a major factor, can have an influence on both the attitude and the adoption intention of technology, but that their own attitude to technology is the factor with most weight and that the respondent’s attitude to new technology is mostly influenced by their employees’ capability.
Research, practical & social implications: The Thai government is attempting to change the Thai economy from a manufacturing economy to a high value advanced economy. The further adoption of new technology in this important sector is a vital part of this attempt.
Originality/Value: The study is the first study in Thailand to use inferential statistical analysis to estimate the most important factors determining MEEC/MICE operators’ adoption of new technology
The Use of Spirituality at Work to Enhance Lecturers' Scientific Publications Performance: The Mediating Effect of Job Satisfaction
Get PDFPurpose: The research is conducted to analyze the performance of scientific publications by lecturers in private higher education in Garut District-Indonesia with the values of spirituality and job satisfaction as mediating variables.
Theoretical Framework: Resource-Based Theory (RBT) is employed to elucidate the correlation between work spirituality, job satisfaction, and the lecturers performance of faculty members in publications.
Design/Methodology/Approach: The research method used is descriptive and causalitas. Data collection was carried out by distributing questionnaires to a sample of 157 people. Before being analyzed, the data was tested for its validity and reliability. Furthermore, data analysis was performed using statistical software.
Findings: The analysis result shows that the performance of scientific publication of lecturers is influenced by spiritual values in the workplace, such as calmness of mind when working, the outcome of work meeting the organization's expectations, the usefulness of the work that can help others, and also supported by job satisfaction, such as career satisfaction, having a pleasant job, and supportive colleagues.
Research/Practical & Social implication: Practically, in this study, the model can function as a significant management tool in the world of education, especially higher education, to increase the sustainability of competitive advantage that has the potential to affect organizational performance. Employee performance is also an important factor in supporting organizational success. Thus this can be an attention for the organization to improve the performance of lecturer publications.
Limitation: This research has several limitations that need to be taken into account and can provide direction for future research; because this research only analyzes from the perspective of private universities, so in the future it can also be from the perspective of state universities. The sample size is also only taken from one university only, so future research can be expanded again from various universities.
Originality/Value: Although many studies have been conducted on lecturer performance, there are still few that analyze the scientific publication performance from the values of work spirituality, especially in private higher education, so this research is considered to have uniqueness especially in Indonesia
Determinants of Job Satisfaction and Implications on Employee Performance in Bank Nagari Sumatera Barat
Get PDFPurpose: The aim of this study is to examine, was conducted to analyze and explain the effect of work discipline, compensation, organizational culture, job satisfaction through employee performance.
Theoretical framework: The Collecting data using a questionnaire of as many as 323 respondents.
Design/Methodology/Approach: The research method used in this study is descriptive analysis and SEM (structural equation modeling) analysis with the help of the SmartPLS program.
Findings: The results Based on research findings. Positive and important organizational culture on job satisfaction, the positive compensation on job satisfaction, the positive Organizational culture, work discipline and compensation simultaneously on Job Satisfaction. the positive and significant of job satisfaction on employee performance.
Research, Practical & Social implications: The study is the positive and important a dominant of job satisfaction on employee performance. There is a positive of work discipline on employee performance. The positive and important Organizational culture, work discipline, compensation on job satisfaction and implication on employee performance.
Originality/Value: The value of the study Positive and important of compensation on job satisfaction and its implications on employee performance where the most dominant and recommended is the provision of benefits by providing both material and material facilities to employees
The Role of Najran University in Spreading the Culture of Entrepreneurship and Innovation in Achieving the Goals of Sustainable Development Among Students
Get PDFPurpose: Therefore, the study aimed to identify the role of Najran University in spreading the culture of entrepreneurship and innovation in achieving sustainable development goals among students, and the statistical differences therein according to the variables of gender, type of college, and academic year.
Theoretical Framework: The culture of entrepreneurship and innovation is an important and valuable resource in achieving sustainable development goals in society. It is one of the main pillars and its driving force and one of the outlets for creating economic and social efficiency, innovation, and creativity among members of society. It is also one of the most important incubators to provide job opportunities for students and youth in the future, eradicate poverty and unemployment, and move towards free entrepreneurial work.
Design/Methodology/Approach: The study used the descriptive approach by a survey method through a questionnaire, which consisted, of (27) items distributed in three main dimensions: the university's vision, mission, and goals, university leadership and support, and education and partnership for entrepreneurship and innovation, after verifying validity and reliability indications. The study sample consisted of (378) male and female students, of whom (186) male and (192) female students were selected from Najran University in the Kingdom of Saudi Arabia. To conclude, descriptive statistical methods were used, "means and standard deviations" and parametric statistical analysis methods, such as the t-test for independent samples, one-way analysis of variance, and post-comparison by Scheffe's method.
Findings: The results showed an average level in the role of the University of Najran in spreading the culture of entrepreneurship and innovation in achieving sustainable development goals among students at the total score and all areas of the study tool. The results also revealed statistically significant differences in the responses of the study sample about the level of the role of Najran University in spreading the culture of entrepreneurship and innovation in achieving the goals of sustainable development among students due to the variable of the academic year; the differences were in favor of students in the third and fourth years or more. In addition, there were no statistically significant differences in the variables of gender and type of college.
Practical Implications: The study implicates for need of spreading rhe culture of entrepreneurship and innovation in achieving sustainable development goals among university students.
Originality/Value: The study identifies the role of Najran University in spreading the culture of entrepreneurship and innovation in achieving sustainable development goals among students
Digital Transformation and its Impact in Egypt: A Comprehensive Literature Review
Get PDFPurpose: The purpose of this study is to review all studies that have analyzed the correlation between digitalization and economic growth. Additionally, this review analyses previous studies investigating the impact of digitalization on the labour market.
Theoretical framework: Several technological advances, including digitalization, intelligent automation, and software, have encouraged countries and industries to set up visions and plans that will lead to economic growth and strengthen their competitive position. This study will provide a holistic framework highlighting the current state and potential growth areas of digitalization in the economy.
Design/Methodology/Approach: In this study, we examine and organize current research literature that explores the impact of digitalization on economic growth and the transformation in the labour market, quantitatively or qualitatively.
Findings: The ability of Egypt to develop the digital transformation is related to readiness to obtain the framework of five pillars: legislation, technical and organizational capabilities, capacity building, and cooperation with other stakeholders. This imposes on the government the importance of continuing work to ensure the sustainability of strategies, measures, and adaptation to face the accelerated nature of cyber threats development according to the state of technical progress.
Research, practical & social implication: This study will provide a holistic framework highlighting the current digitalisation state, the impact of digital transformation on economies, and the potential strategies to adopt digitalisation.
Originality/Value: This study comprehensively reviews the correlation between digitalization and economic growth and the labour market's evolving requirements focusing on the Egyptian economy
Assessing Economic Growth Quality
Get PDFPurpose: The aim of this study is to examine the quality of economic growth according to the stages of its generation and manifestation.
Theoretical framework: The use of quantitative estimation when exploring economic growth can lead to misinterpretation or inaccurate judgments, since the economic reality implies not only quantitative, but also qualitative components. The goal of economic growth, its planning and statement are not an end in themselves, they are aimed to improve the welfare of society. Its implementation implies an improvement in the qualitative facet of economic growth. To date, attempts to assess the quality of economic growth are mostly based on its social outcomes. With such an approach, we miss the formation process of economic growth, focusing only on its effects.
Design/methodology/approach: There are developed special indices for both economic growth generation quality and economic growth effects quality, based on macroeconomic and social indicators that play a significant role in the relevant process. These together, as subindices, form an economic growth quality index. The latter is calculated for 76 countries during 2005-2020. The following techniques and indicators are used in the process of the index calculation - normalization, percentiling, optimal lag length selection informational criteria, cointegration tests.
Findings: The research empirically confirms that the economic growth quality in the world manifests itself more steadily than it is being formed. Between the leaders and the countries in the last positions in index rankings, the drastic difference mainly lies in their productivity, expenditures on education and lending to the private sector through domestic credit.
Research, Practical & Social implications: The nature of the proposed economic growth assessment can serve as a baseline for further research studies in this context. On the other hand, the findings of this study can be used to analize the drivers and barriers to growth in each of the observed country.
Originality/value: The approach according to which the economic growth quality index is constructed gives an opportunity to observe economic growth not as a static indicator but as a breathing organism, describing the development process with detailed growth causes and consequences