Asian Journal of Economics, Business and Accounting
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The Effect of Job Training and Employee Development on Performance with Individual Competence as a Moderation (A Study of Weaving Industrial SMEs in Gianyar Regency)
No full textAims: This study was conducted to assess the effects of training on optimising performance in the weaving industry. This study aims to test the influence of the training on employee performance and the development of SME actors.
Methodology: Both quantitative and qualitative data collection methods were used. The study was carried out with SMES in Gianyar Regency. The participants were SMES in the weaving industry in Gianyar Regency. A nonprobability purposive sampling method was used in this study. The sample was 200. Data collection was carried out in two ways, namely through questionnaires and interviews with SMES weaving craftsmen. The analysis technique used in this study, Moderating Regression Analysis, involves moderator variables in building a relationship model.
Results: The study results show that training has a positive and significant effect on the performance of SMES in the weaving industry in Gianyar Regency. Employee development also has a positive and significant effect on the performance of SMES in the weaving industry in Gianyar Regency. Individual competencies also have a positive and significant effect on the performance of SMES. The effect on Individual competence is moderate in the study. The influence of employee development in the study was moderate on the employee performance of the SMES weaving industry in Gianyar Regency.
Such studies are essential to assess the effectiveness of training as they provide empirical evidence on its impact on employee performance and SME development. Moreover, this study\u27s findings can contribute to enhancing the weaving industry\u27s economic outcomes by informing targeted training interventions and capacity-building strategies
Integrated Financial Management Practices and Local Government Efficiency: A New Public Management Perspective on Selected MMDAs in Greater Accra, Ghana
No full textThis study examines the impact of integrated financial management practices on the efficiency of Metropolitan, Municipal, and District Assemblies (MMDAs) in Greater Accra, Ghana. Grounded in New Public Management theory, the research explores how budgeting, internal control, and public procurement practices influence local government efficiency. The study employed both descriptive and cross-sectional survey designs to collect qualitative and quantitative data from 165 finance-related personnel across selected Metropolitan, Municipal, and District Assemblies (MMDAs). Data were gathered through interviews and questionnaires, respectively. Descriptive statistics, correlation, and regression analyses were conducted using SPSS. Findings reveal that budgeting practices, internal controls, procurement practices, and experience significantly influence Administrative efficiency, while educational attainment does not. The study highlights the importance of transparent and accountable financial systems in improving public sector performance. These insights are crucial for policymakers and practitioners seeking to strengthen financial governance and enhance service delivery at the local level. The study contributes to the discourse on public financial management reforms in developing countries
Empowering Small Businesses and Rural Industries: The Impact of MSME Ministry in India
No full textThe Ministry of Micro, Small and Medium Enterprises (MSME) in India governs and supports the growth of small businesses and rural industries through its four statutory bodies. The Khadi and Village Industries Commission (KVIC) promotes and develops khadi and village industries, fostering employment opportunities in rural areas and strengthening the rural economy. The Coir Board focuses on the overall development of the coir industry, improving the working conditions of laborers in this sector. The National Small Industries Corporation Limited (NSIC) plays a crucial role in aiding and fostering the growth of micro and small enterprises, mainly on a commercial basis. The National Institute for Micro, Small and Medium Enterprises (NI-MSME) is dedicated to enterprise promotion, entrepreneurship development, and policy research, contributing to business creation and economic development. Lastly, the Mahatma Gandhi Institute for Rural Industrialization (MGIRI) is committed to accelerating rural industrialization, empowering traditional artisans, and fostering innovation through research and pilot projects. In line with its commitment to supporting small enterprises, the MSME Ministry extended the validity of the Udyog Aadhaar Memorandum from December 31, 2021, to June 30, 2022. This extension provided relief to small businesses by allowing them additional time to transition to the updated registration system under Udyam Registration. By overseeing these statutory bodies and implementing policy reforms, the MSME Ministry continues to drive sustainable economic development, generate employment, and promote technological advancements in rural industries. Its efforts contribute significantly to self-reliance, economic empowerment, and inclusive growth, particularly in rural and small-scale industrial sectors
The Impact of Political Stability, Profitability, and Liquidity on Financial Distress of Non-Bank State-owned Enterprises in Indonesia
No full textPolitical stability in a country can have an impact on state-owned companies because state-owned companies are often used as cash cows by politicians, which can cause financial distress in state-owned companies. Financial difficulties or financial distress in companies can be influenced by internal and external factors. This study aims to analyze the effect of political stability, profitability and liquidity on financial distress in non-bank state-owned companies (SOE) in Indonesia. The dependent variable in this study is financial distress which is measured using the Altman Z Score. While the independent variable consists of external factors in the form of political stability and internal variables represented by profitability and liquidity, with sales growth and company age as control variables. The population in this study were non-bank state-owned companies listed on the Indonesia Stock Exchange. This study uses a quantitative approach with a causal associative research design. A total of 33 companies and a sample of 15 companies with an observation period of five years were taken. To test the hypothesis, panel data logistic regression was used. Data analysis was carried out with the help of Eviews 12 and SPSS software. The results of the study showed that there were two outcome variables in accordance with the hypothesis, namely political stability and liquidity had a significant negative effect on financial distress. While profitability did not have a significant effect on financial distress. For instance, political stability (SP) has a minimum value of -0.170 (2019) and a maximum of -0.004 (2023), with an average of -0.0846 and a standard deviation of 0.0551. Profitability (PF) shows a minimum value of -4.11 (WSBP 2020) and a maximum of 5.30 (INAF 2022), with an average of 0.079 and a standard deviation of 0.804. This finding confirms that high political stability and optimal liquidity reduce the risk of financial difficulties, while profitability is not a determinant of SOE financial distress
The Effect of CEO Overconfidence on Corporate ESG Performance: An Empirical Study of Chinese A Share Listed Companies
No full textEnvironmental, social, and governance (ESG) has become a prominent focus in recent research. While existing studies emphasise the roles of corporate values, managerial traits, and shareholder preferences, the impact of CEO psychological biases, particularly overconfidence, on ESG outcomes remains underexplored. To fill this void, our study employs the upper echelon theory to investigate the potential influence of CEO overconfidence on corporate ESG performance. Specifically, we gathered data for Chinese A-share non-financial firms between 2007 and 2022. Our findings reveal that companies helmed by overconfident CEOs are more inclined to push for changes in ESG performance, especially with SOEs and high institutional investor engagement. Our study contributes to the literature on understanding the psychological dimensions of executive leadership in ESG performance. It offers practical implications for governance and policymaking in emerging markets with evolving ESG frameworks
The Future of Work: The Effects of Gen Z Values on Workplace Preferences
No full textGen Z is redefining work expectations and preferences, bringing new perspectives that challenge traditional employment structures. Unlike previous generations, they prioritize flexibility, favoring remote or hybrid work options over rigid structures. They seek purpose driven jobs, preferring organizations that align with their values by offering meaningful work, flexible schedules, and mental health programs. While these characteristics can enhance workplace innovation and efficiency, they also introduce complexities in organizational structures, leadership approaches, and employee engagement strategies. This study therefore sought to examine the effects of Gen Z values on workplace preferences among undergraduate finalists of Moi University, Kenya. The theoretical frameworks that underpinned the study included the generational theory and Maslow’s hierarchy of needs theory theory. The study was anchored on the quantitative research approach under the positivist philosophical worldview. Explanatory research design was adopted whereas stratified and simple random sampling techniques guided the process of respondents’ identification. The study population comprised of 4,045 undergraduate finalists in five selected schools from where respondents were selected. The sample size of the study was 364 respondents computed using Yamane’s formula. Data collection was done by use of a structured questionnaire. The information obtained was analyzed using both descriptive and inferential statistics. Correlation and simple regression analyses were done to test the research hypothesis. The study established that Gen Z values (β = .242, p = .000, r=.231, R2=0.050, F=15.046) significantly influenced workplace preferences. This study therefore concludes that Gen Z values positively influence workplace preferences. It is hoped that the findings of this study will help organizations better understand the expectations of the emerging workforce in respect of the Gen Z employees. In addition, the findings will offer invaluable suggestions to employers on how best to deploy organizational dynamics such as structure, culture, task design and career development among others in such a way as to attract Gen Z employees
The Influence of Micromanagement on Employee Performance and Well-Being: A Systematic Literature Review
No full textAims: The aim of this research paper is to systematically review and synthesize empirical studies published from 2020 onward to clarify how micromanagement influences employee performance and well-being, particularly in comparison to autonomy-supportive leadership. The study seeks to identify the psychological and organizational outcomes of micromanagement across diverse contexts, highlight inconsistencies or gaps in the existing literature, and provide actionable insights to inform leadership practices and organizational policies that enhance employee motivation, engagement, and overall effectiveness.
Study Design: This study uses a qualitative approach, primarily relying on a literature review for its methodology.
Place and Duration of Study: The study was conducted in Bacolod City, Philippines from February 2025-June 2025.
Methodology: A comprehensive search was conducted across multiple electronic databases including Google Scholar, PubMed, and business management-specific databases. A thematic synthesis approach was employed to identify recurring patterns and contrasting findings. Contextual factors and study limitations were also considered to provide a comprehensive understanding of micromanagement’s impact.
Results: Micromanagement has been widely documented to negatively impact employee well-being and performance by undermining autonomy, reducing job satisfaction, and increasing stress and turnover rates. Excessive control, according to studies, limits both creativity and motivation while promoting mistrust and disengagement across various industries and cultures. However, emerging evidence suggests that in specific settings—such as high-pressure, process-driven environments or among less experienced employees—micromanagement can enhance performance by providing necessary structure and boosting self-efficacy. These findings highlight the importance of adaptive leadership that balances control with autonomy, tailoring oversight to employee needs and situational demands to optimize motivation, engagement, and organizational effectiveness.
Conclusion: This review concludes that micromanagement generally harms employee motivation, well-being, and performance across diverse contexts. While it may benefit novices or high-risk tasks, habitual micromanagement is counterproductive. Organizations should promote adaptive, autonomy-supportive leadership to optimize performance and sustain employee psychological health
Digital Transformation as a Catalyst for E-commerce Growth: Global Perspective
No full textThe rapid evolution of the e-commerce industry over the past decade has been significantly driven by digital transformation, encompassing the adoption of innovative technologies and process overhauls. This research paper investigates the pivotal role digital transformation plays in propelling e-commerce growth by integrating a detailed literature review and case study analysis. Technologies such as artificial intelligence (AI), cloud computing, and automation, which are known to be key, are explored for their influence on enhancing customer experiences and operational efficiencies. Through the synthesis of peer-reviewed sources and case studies of industry leaders like Amazon, Alibaba, and Walmart, this study identifies best practices and the most impactful technological strategies. Findings indicate that although digital transformation provides immense advantages like personalized marketing, seamless supply chain functioning, and scalability, organizations are confronted with enormous challenges. These encompass the high cost of implementation, resistance to change, and cybersecurity risks, particularly for SMEs- Small and Medium-Sized Enterprises. The study highlights the requirement for a phased, strategic adoption of digital integration backed by sound change management and sustained investment in digital capabilities. The insights obtained are intended to guide business practitioners and policymakers in utilizing digital transformation to maintain and improve the growth of e-commerce
Unveiling the Drivers of Stock Prices: The Mediating Role of Intrinsic Value in Indonesia\u27s Consumer Non-cyclical Sector
No full textAims: This study examines how profitability, leverage, liquidity, and asset efficiency affect stock prices, and whether intrinsic value mediates these relationships in non-cyclical consumer sector companies listed on the Indonesia Stock Exchange (IDX).
Study Design: A quantitative, causal method is employed, using panel data regression models (Fixed Effects and Random Effects) and the Sobel test to assess mediation. Company size is included as a control variable.
Place and Duration of Study: The study covers non-cyclical consumer sector companies listed on the IDX during 2019–2023.
Methodology: Data are sourced from company financial reports and stock price records. Using purposive sampling, 121 companies were selected, yielding 474 unbalanced panel observations. The analysis applies Fixed Effects and Random Effects panel data models using STATA.
Results: Profitability, liquidity, and asset efficiency significantly and positively influence stock prices, while leverage shows no significant effect. Intrinsic value does not mediate the impact of these variables on stock prices. However, leverage and profitability are found to enhance intrinsic value. With a coefficient of determination R2 of 20% in Model 1, financial variables account for a significant amount of the variation in intrinsic value. However, Model 2 R2 is only 2.73%, indicating that market sentiment or outside influences have a greater impact on stock prices than the internal financial indicators under study. According to these results, some of the hypotheses that were put forth lacked empirical backing.
Conclusion: Stock prices in this sector are more influenced by financial performance and market sentiment than by intrinsic valuation. Therefore, management should focus on improving key financial indicators. Investors are advised to use financial ratios as primary tools in making investment decisions in this defensive sector
Liquidation of Handloom Weavers’ Cooperatives in Madurai Circle, Tamil Nadu: Causes, Impacts, and Policy Solutions
No full textThe Liquidation of Weavers\u27 Cooperative Societies (WCSs) in Madurai District has generated major concerns regarding the sustainability of the handloom sector and weavers\u27 socio-economic welfare. The shutdown of these societies has resulted in large-scale unemployment and economic hardship among weavers, who depend entirely on cooperative assistance for income and provision of raw materials. The reduction in WCSs has also diminished collective bargaining capacity, leaving individual weavers exposed to exploitation by intermediaries and private traders. Besides, the conventional handloom ssector has also been dealt a blow since the liquidation of these cooperatives has undermined the coherent production and marketing off hand woven goods, and hence, the demand has dwindled along with heritage craftsmanship. Withdrawal of institutional credit facilities and government subsidies granted hitherto through WCSs has further excluded weavers from main stream economic activities, compelling most of them to seek alternative means of livelihood or seek informal employment opportunities