UNIMAS Journal (Universiti Malaysia Sarawak)
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Enhancing Innovative Work Behavior in the Hospitality Industry: Empirical Research from East Java, Indonesia
Get PDFInnovative work behavior has received special attention in the hospitality context because of its important role in increasing the competitive advantage of the organization. This study aims to identify innovative work behavior predictors and their underlying mechanisms from a multilevel perspective. This study uses a survey method with 255 respondents. We analyzed the data using the Analysis of Moment Structure (AMOS) for Structural Equation Modeling (SEM). The results showed that procedural justice and interactional justice have a positiveeffecton innovative work behavior. Furthermore, knowledge sharing acts as a mediator between them. This study highlights the role of knowledge sharing, procedural justice,and interactional justice in innovative work behavior and provides further advice on how supervisors can improve innovative work behavior in their organizations
Home is Where the Heart is: Factors Determining Family Demand and Its Implications for HRM Practices
Get PDFA plethora of studies on family demands that have been investigated in the Western countries are reflective of such cultural contexts limiting its applicability toanother cultural context. The factors determining family demand whereconflict originatesarecountry-culture specific and consequently, anchored in the conservation of resource theory, the present study aims to discoverthe factors making a significant variance in family demand. Strongly based on the ontological and epistemological assumptions, the study adopted a survey strategy with a deductive approach in a cross-sectional time horizon. Data were garnered from 487banking employees with a self–reported questionnaire. The present study reveals that hours spent on household chores, hours spent on childcare, hours spent on dependents, and gender have significantly impacted family demand, nonetheless, formal and informal organisational supportshave alleviated the level of family demand.Remarkably, the study affirms the prevalence dogma of traditional gender role ideology and women’sposition in a collectivist cultural context. Surprisingly, the number of children, number of dependents, marital status and age were not found as predictors of family demand. The findings of the study have proffered many useful practical implications for HRM practices
The Impacts of Bilateral Trade and Foreign Direct Investment on Malaysia’s Economic Growth: The Roles of Singapore
Get PDFOpen economy is essential for a country to achieve sustainable economic growth. There existsa bilateral tiebetween Malaysia and Singapore since 1965. Thisrelationship has made Singaporeachievedas a high-income nation that enjoys modern infrastructure and technology, skilled labour, and strong financial structure, but Malaysia is still trying to upgrade itself to become a high-income nation via open economy. Furthermore, Malaysia’s reliance on the external market has inevitablyleft the economy to be more exposed to external shock. This research analysesthe impacts of Malaysia’s bilateral trade and investment with Singapore on Malaysia’s economic growth from2008 to 2016. Vector error correction model (VECM) reveals that Malaysia’s exports to Singapore arepositive and significant on Malaysia’s economic growth and Malaysia’s OFDI in Singapore is significant but negative on Malaysia’s economic growth.However, Malaysia’s imports from Singapore and Malaysia’s inward foreign direct investment (IFDI) by Singapore have insignificant impacts on Malaysia’s economic growth. It concludes that only Malaysia’s exports to Singapore can help to increase Malaysia’s economic growth.Thus,Malaysia’sgovernment couldprovide incentives to encourage Malaysian local firms to boost the exportationsto Singapore
Board Capital Effect on Firm Performance: Evidence from Indonesia
Get PDFHuman capital effects have been ignored as important resources to induce the organization’s performance in firm-level research. The proponents of human capital theory and resource-based view theory argue that the human resources attached to each board member, such as networking, education, and experience, might induce the performance. Yet, agency theory argues those strategic resources might bring higher transaction costs and entrenchment costs. Therefore, this study aims to examine the board's capital effect on firm performance for a sample of 252 listed firms in Indonesia over 2011–2017. Using dynamic GMM panel regression, we confirm the hypothesis about board capital and performance. The results imply that board members’ networking and experience are two important factors for firm performance. However, boar members’ education does not give any impact. It confirms prior theories whereby the capability and competency of directors are an important source for the firm to achieve its objective. Networking and experience might help the firm to avoid financial distress. It furthers implies that shareholders should choose board members with a high level of networking and experience, not education
CSR Performance, Firm’s Attributes, and Sustainability Reporting
Get PDFThis study aims to empirically identify the drivers of sustainability reporting (SR) in Indonesia. Relying on the legitimacy theory, we conjecture that CSR performance and the firm’s attributes are associated with SR. Using the sample from the Indonesian Capital Market (IDX), we run logit regression analysis. Logit regression is performed by employing quarterly data from 37 publicly listed companies, that voluntarily published sustainability reports from the first quarter (Q1) of 2012 to the last quarter (Q4) of 2016 fiscal year. The obtained results show that CSR performance is positively associated with SR. Whilst, firm’s attributes with different surrogate indicators indicate mixed results. Overall, this study provides empirical evidence, in which CSR performance and the firm’s attributes play a pivotal role as the drivers of sustainability reporting
Earning Management and the Effect Characteristics of Audit Committee, Independent Commissioners: Evidence from Indonesia
Get PDFThis study aimed to investigate the effect of the independent commissioner and of the characteristics of the audit committee (measured by auditor size, independence, expertise, and activities) on the efficient or opportunistic earnings management. In terms of those companies listed on Indonesia Stock Exchange. The sample consists of 186 observations of those manufacturing companies in Indonesia Stock Exchange during the 2013-2018. Using panel regression fixed effect method, independent commissioners are found to have a significant effect on reducing earnings management. Based on The Positive Accounting Theory, the efficient perspective will occur when the compensation contract and internal control system, including monitoring done by the board of commissioners, limit the common view opportunistic manager and motivate the manager to choose the right accounting policy. The effective monitoring conducted by an independent commissioner can reduce agency costs because management prioritizes the best interests of shareholders by maximizing company resources. Furthermore, it was found that audit committee size can reduce earning management. It is due to the wide range of skills possessed by audit committee members to exercise oversight over management. Audit committees with accounting and financial expertise can reduce earnings management. This part of finding indicates that audit committee may tend to uphold conservative as accounting mechanism. Accounting conservatism has an important role to play in restricting opportunistic management behavior
Impact of Covid-19: Evidence from Malaysian Stock Market
Get PDFSince the first case was reported at the end of 2019, COVID-19 has spread throughout the world resulting in more than 2 million confirmed cases. The World Health Organization (WHO) also declared the COVID-19 disease as pandemic on 11 March 2020. The COVID-19 pandemic has also affected the global financial market, which includes Malaysia. This study aims to investigate the impact of the COVID-19 outbreak on the Malaysian stock market. The dependent variables used in this study were the Kuala Lumpur Composite Index (KLCI) and 13 other sectorial indices. The independent variables were (i) the number of COVID-19 cases in Malaysia, China, and USA; (ii) the number of deaths due to COVID-19 in Malaysia, China, and USA; (iii) the volatility index, and (iv) the Brent oil price. The sample period of this study covered from 31st December 2019 to 18th April 2020. The findings showed that higher numbers of COVID-19 cases in Malaysia tended to adversely affect the performance of the KLCI index and all sectorial indices, except for the Real Estate Investment Fund (REIT) index. The results also showed that the Brent oil price and the volatility index tended to affect the Malaysian stock market performance. The results of this study can help investors understand the impact of COVID-19 on different sectors in Malaysia
The Effect of Organizational Citizenship Behavior on Job Satisfaction Mediated with Spiritual Leadership
Get PDFThis study aims to determine the direct effect of Organizational Citizenship Behavior on job satisfaction mediated with spiritual leadership. Data were randomly selected from 115 employees of Bank Jatim Syariah in the central office, Surabaya, and analyzed using the Partial Least Square. The study shows that Organizational Citizenship Behavior has a direct effect on job satisfaction with spiritual leadership. The practice of OCB has the ability to shape the subordinate mindset to be always responsible for their work. Organizational citizenship behavior underlies the leadership pattern to commit to workload
Receptiveness of Islamic Home Financing among Malaysians: A Revisit
Get PDFThis study examines the effects of the key factors influencing the intention of first-time house buyers to choose Islamic home financing products. First-time house buyers are selected since they are the major segment of Islamic banks' profit for the Islamic mortgage sector. Drawing upon the theory of planned behaviour (TPB), this study proposes a model to test the effects of attitude, subjective norm and perceived behavioural control on the intention of selecting Islamic home financing. This study also examines the effect of "perceived customer taqwa” on customer receptiveness to Islamic home financing. Based on 150 usable questionnaires, PLS results indicate that attitude and perceived behavioural control of the TPB are instrumental in determining the receptiveness of Islamic home financing products. Besides, the added factor, namely, perceived customer taqwa is influential in explaining the receptiveness- implying that God-fearing and God-conscious in oneself resulted in strong intention to opt for halal products. The findings demonstrate that the enhancement of measurement items for TPB factors as well as generation of new factor reflecting Islamic home financing are relevant in determining one’s decision of Islamic home financing. Besides, the findings could offer support to Islamic bank managers to enhance their planning for Islamic home financing products and develop effective strategies accordingly that benefit their customers
Financial Literacy: The Impact on the Profitability of the SMEs in Kuching
Get PDFThis study aims at investigating the financial knowledge, financial behaviour and the attitude towards finance amongst on small medium entrepreneurs (SMEs) in Kuching. More specifically on how these powerful factors affect the profitability on fast growing business enterprises in largest city in the Borneo Island over the last decade. The research takes a descriptive approach fitting its underlying pursue and draws interesting conclusions with over 75% response rate. Analysis of the data collected clearly reveals that the knowledge of finance in general relates significantly stronger to the bottom line of these business entities relative to the owners’ financial attitude and their ensuing behaviour towards financial decision making. Therefore, small medium entrepreneurs are highly recommended to participate in financial education on a regular basis to keep them well informed and equipped with the latest ways of managing the finances of their businesses to ensurebetter financial planning, execution and monitoring of enterprises that inevitably will lead to increased and sustainable earnings