Asian Journal of Economics, Business and Accounting
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ESG Score and Financial Performance in Indonesian Energy Companies: The Moderating Role of Digital Transformation
No full textThis study examines the influence of ESG Score on the financial performance of Indonesian energy companies, with Digital Transformation as a moderating variable. Theoretically, the study is grounded in Stakeholder Theory and the Resource-Based View (RBV), emphasizing ESG as a strategic element for long-term value creation. Using a causal quantitative design and secondary data, the final sample consists of 8 energy firms (24 firm-year observations) listed on the Indonesia Stock Exchange during 2021–2023. Regression analysis with classical assumption tests was applied. The findings show that ESG Score does not significantly affect Return on Assets (ROA), and Digital Transformation, measured by a dummy proxy, does not strengthen this relationship. While results are statistically insignificant, they highlight that ESG implementation in Indonesian remains compliance-driven rather than value-oriented, and that digitalization in the energy sector is still at an early stage without measurable financial outcomes. These insights contribute to the ongoing debate on ESG in emerging markets and stress the need for policy frameworks, stronger regulatory enforcement, and more strategic integration of ESG and digitalization in corporate governance. The study is exploratory in nature due to its limited sample and short observation period. The contribution of this research lies in providing empirical evidence from an emerging market context, showing that ESG in Indonesia remains compliance-driven, and highlighting the role of digital transformation as an early-stage, efficiency-focused practice. This study enriches ESG literature in developing countries and offers implications for policymakers, investors, and corporate managers in designing sustainability strategies
Effects of an E-Procurement System on the Performance of Public Procurement in Local Government Authorities in Tanzania: A Case of Mbeya City Council
No full textThe increasing adoption of e-procurement systems by local governments underscores the need to understand its impact on public procurement performance, particularly in enhancing transparency and accountability. While existing studies highlight the positive effects of e-procurement transparency on procurement performance, they primarily focus on specific urban councils, limiting the generalizability of findings to broader contexts. Additionally, literature often overlooks user perceptions and contextual challenges faced during implementation. This study aims to assess the Effects of E-Procurement System on the Performance of Public Procurement in Local Government Authorities in Tanzania: A Case of Mbeya City Council, Tanzania. The specific objectives is to assess the effect of e-procurement system transparency on the performance of public procurement in local government authorities in Mbeya City Council. A mixed-methods approach was employed, combining quantitative surveys with qualitative interviews. Data were collected from 154 respondents, including procurement officers, managers, and suppliers, using structured questionnaires and in-depth interviews. Triangulated findings from both quantitative and qualitative analyses revealed that e-procurement transparency significantly enhances procurement performance. Key aspects identified include improved access to procurement information, effective real-time tracking, and open communication channels, all of which contribute to increased supplier participation and reduced corruption. Respondents also reported enhanced trust and accountability in procurement processes. The study concluded that transparency in e-procurement systems is crucial for fostering fair and efficient public procurement practices. The need for continuous investment in training and infrastructure to maximize the benefits of e-procurement is emphasized. Local government authorities should enhance training programs for stakeholders, improve technical support and infrastructure, and enforce regulatory frameworks to ensure effective e-procurement implementation, thereby promoting transparency and accountability in public procurement
Financial Integration with Emerging Markets: An American Perspective
No full textIn this study, we examine the patterns and causes of stock market integration of twelve emerging markets against the US market, for the period January 2005 to January 2020. We compare patterns of market integration for countries on a monthly basis using the time-varying correlation technique, namely, GARCH-dynamic conditional correlations (DCCs). In doing so, we suggest that opportunities in cross border investment vary by frequencies. We also divide daily data into subsamples and find that correlations were strongest during the global financial crisis (GFC) of 2007–09. The time varying bilateral correlations are found to be highly volatile. We also investigate the causes of identified correlations and find that the underlying economic and financial conditions (exchange rate volatility, interest rate spread, trade openness and capitalization market) have also been responsible for the higher correlations between these stock markets
From Local to Global: The Role of Regional Products in Strengthening India’s Position in the Emerging World Trade Order
No full textThis study looks at how India\u27s regional products with Geographical Indication (GI) certification might improve the nation\u27s standing in the new global trade order. The study assesses how the potential of origin-linked products, including Basmati rice, Darjeeling tea, Banarasi sarees, and Pashmina shawls, supports trade competitiveness, rural development, and identity-based branding. Methodologically, the study uses secondary data and a SWOT-based analytical framework, complemented by comparative export-performance indicators for selected GI-tagged products. The analysis highlights the strategic role of GI protection in enabling quality differentiation, cultural value addition, and market trust, while also identifying challenges related to weak enforcement, inadequate producer awareness, and limited marketing capabilities. Opportunities brought up by digital globalisation, e-commerce, and changing trade agreements are also covered. Overall, the results show that GI products may become globally competitive brands with the help of more robust certification mechanisms, organised digital marketing, and successful producer-cluster development. To fully realise their impact on commerce and rural development, a concentrated policy drive towards global quality alignment and sustainability norms is essential. Taken together, the findings suggest that strengthening GI enforcement, export facilitation, and digital and global branding is critical for transforming India’s regional products into durable competitive advantages in the emerging world trade order
From Chaos to Calm: Using Meditation to Navigate Women’s Work-life Balance Challenges
No full textThe modern workplace has become increasingly demanding, with longer work hours, higher stress levels, and constant pressure to balance professional and personal responsibilities. This is particularly true for working women, who often bear the brunt of domestic and caregiving duties in addition to their careers. The current study investigates the use of meditation as a tool to help working women achieve a healthier work-life balance. The findings suggest that meditation can be a powerful resource, helping working women reduce stress, improve focus and productivity, and foster a greater sense of work-life integration. Meditation can provide working women with valuable coping mechanisms to navigate the challenges of the modern workplace. By taking time to quiet the mind and focus on the present moment, working women can achieve a greater sense of control and balance in their lives. This, in turn, can lead to improved mental and physical well-being, as well as enhanced job performance and career satisfaction. Ultimately, the study highlights the potential for meditation to serve as a transformative tool for working women, empowering them to thrive in both their professional and personal spheres
Effect of Government Education Expenditure on Inclusive Growth in Nigeria: The Role of Institutions
No full textIn Nigeria, achieving inclusive growth has been challenging due to insufficient public investment in human capital and weak institutional quality. These deficiencies have resulted in widespread poverty, income inequality, low GDP per capita, stagnant human development indices, and poor living standards. This study evaluated the effects of government expenditure on education on inclusive growth in Nigeria, while also examining the moderating role of institutional quality from 1990 to 2023. The study employed the ex-post factor quantitative research design. The Augmented Dickey-Fuller, and Phillip Peron unit root test statistics were used to determine the order of integration. The unit root test result showed that the variables were not integrated in the same order. Autoregressive Distributive Lag Model (ARDL) was employed and it was found that government expenditure on education had negative insignificant effect on the short run and negative significant effect on the long. In terms of the interaction with institutional quality, it was found that government expenditure on education also had both short and long run negative effect on inclusive growth in Nigeria. Furthermore, both inflation rate and unemployment rate had negative effect on inclusive growth both in the short and long run. The study therefore recommended that effort should be made in strengthening institutional frameworks to ensure that government investment in education contributes positively to GDP per person employed
Impact of Electronic Word of Mouth, Online Customer Review, Product Quality, and Service Quality on Purchasing Decisions on Shopee E-Commerce
No full textObjective: Study is to test the impact of electronic word of mouth (EWOM), online customer review (OCR), product quality, and service quality on purchasing decisions.
Research Design: This is a quantitative research, with data collection using online questionnaires and the population of this research is active students at Universitas Muhammadiyah Purwokerto, in the odd semester of 2024.
Place and Duration of Research: This research was conducted at Universitas Muhammadiyah Purwokerto from November to December.
Methodology: The population in this study was 20,533 students, the sample used was 130 students from 11 faculties at the Universitas Muhammadiyah Purwokerto, taken using the Proportional Random Sampling Technique. The research test was conducted using SPSS 23.
Results: The results of this study show that electronic word of mouth, product quality and service quality have a significant influence on purchasing decisions, while online customers. Reviews do not influence purchasing decisions. However, Sellers on Shopee need to give appropriate and correct answers so that they can get interested consumers to make purchases, Shopee needs to increase the features to be different from other E-commerce and Shopee more serious in handling complaints from consumers.
Conclusion: Based on the findings of this study, it can be concluded that recommendations from other users, good quality, and satisfactory service are the main considerations for consumers in choosing products on Shopee. The implication of this study is the importance of Shopee e-commerce to focus on efforts to improve the quality of reviews given by previous consumers
Driving Individual Performance: The Mediating Role of Innovation and Moderating Impact of Work-Life Balance among Indonesia\u27s Professional Village Facilitators
No full textAims: This study investigates the role of Innovative Work Behavior (IWB) in mediating the effects of Job Crafting and Work Integrity on Individual Performance among professional village facilitators in Kediri Regency, Indonesia. Additionally, it examines the moderating effect of Work-Life Balance on the relationship between IWB and Individual Performance.
Study Design: The research adopts a quantitative approach to explore the interrelations between the variables, focusing on professional village facilitators in a specific regional context.
Methodology: This Research using by complete enumeration sampling (census), data were collected through offline surveys from 203 respondents and analyzed using Structural Equation Modeling (SEM). The variables studied include Job Crafting, Work Integrity, Innovative Work Behavior, Individual Performance, and Work-Life Balance.
Results: The result of study is Job Crafting and Work Integrity significantly influence Innovative Work Behavior. Job Crafting, Work Integrity, and Innovative Work Behavior do not significantly affect Individual Performance. Innovative Work Behavior does not mediate the relationship between Job Crafting, Work Integrity, and Individual Performance. Work-Life Balance does not moderate the relationship between Innovative Work Behavior and Individual Performance.
Conclusion: The findings suggest that Job Crafting, Work Integrity, and Innovative Work Behavior are not significant contributors to Individual Performance among professional village facilitators in Kediri Regency. This highlights the need to explore alternative mediating and moderating variables to better understand the factors influencing their performance. However, as IWB does not directly improve individual performance (IP), strategies should also address performance outcomes through targeted training, performance monitoring, and support mechanisms
The Effect of Financial Deepening and Borrowing Cost on Aggregate Output in Nigeria and its Policy Implications
No full textThis study examines the effect of financial deepening and borrowing costs on aggregate output using secondary data from 1986 to 2022. The effect of financial deepening and borrowing costs on aggregate output is expressed in an autoregressive distributed lag (ARDL) model. The findings of the study indicate that the state of financial deepening in Nigeria is not sufficient to drive production to optimal levels, indicating that there are unrealized gains in the business of providing financial intermediation services in the economy. The result of the estimated models shows among other things that aggregate output is inelastic to changes in lending rate, indicating that raising policy interest rate will lead to minimal losses in output. It also shows that financial deepening has the potential to contribute significantly to output growth. It is concluded that financial deepening in the short run may not be achieved by relying totally on market equilibrium where it is expected that the market for credit and other financial services will clear and produce optimal macroeconomic outcomes. Rather, policies (reforms) should be made to heighten the demand and supply of credit in the economy to support real sector production activities
A Study on the Motivational Dynamics of Luxury and Green Purchasing Behavior
No full textBackground: Green products frequently include a green premium, making them inaccessible to consumers of all income levels. This frequently leads to these green items being seen as expensive and/or luxurious; however, other variables besides price are crucial. It is critical to understand the purpose of purchasing these products in order to alter the marketing plan for maximum production. This study extended Dahm\u27s (2018) model, which focused on luxury buying incentives as both intrinsic and extrinsic, by incorporating green purchasing and luxury purchase intention.
Materials and Methods: The design is based on correlational research. This study collects data using snowball and convenience sampling, as well as online questionnaires and assesses the variables using pre-published scales with a credible Cronbach\u27s alpha value. For the scope of this study, responses were collected from 317 subjects based in Gujarat, India.
Results: Our findings indicate intrinsic motivation significantly influences extrinsic motivation. However, neither intrinsic nor extrinsic motivations were found to significantly impact Green Purchase Intention (GPI) or Luxury Purchase Intention (LPI). Significant correlations were observed between GPI and various constructs for Intrinsic & extrinsic motivation, which suggests a complex interplay between personality traits and purchase intentions