Independent Journal of Management & Production
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Review consensus effects on e-wom and consumer goods e-purchase satisfaction: evidence from Vietnam
Get PDFThe reviews of the consumers who are shopping online play a substantial role in forming the intentions of purchasing others. The digital platforms are progressing day in, day out, which are providing the chance to the customers to share and state their views, comments, and opinions, and simultaneously, it is establishing a strong means of marketing which is recognized as electronic word of mouth (e-WOM) which has gotten an essential source to gather the details concerning any product for the consumers. Review consensus provides comprehensiveness to e-WOM. Single or limited reviews fail to give a complete picture to the eWOM, thus to permit customers to make a proper decision, multiple studies with similarities among them are required. In the current survey, a sample of 328 online customers has been considered through a structured questionnaire designed on a five-point interval scale. Mean score and Multiple regression were used to analyze the data. The data analysis has been done with the help of SPSS 20.0 (Statistical Package for Social Sciences). This study found that most of the aspects of review consensus have a positive impact on e-WOM and E-Purchase Satisfaction for consumer goods. It was found from the study that the variables such as extended reviews are always better for review consensus if it is found positive reviews, even if there is a consensus, they can be considered to be biased, and Higher review consensus can only be achieved when we explore multiple sources of reviews are the most significant concerning the buyer’s interaction towards reviews. However, at the same time, the purchase is influenced by E-WOM; review consensus depends upon the purpose of purchasing the produc
Formation of the environment of confidence in sharing economy: problems of civil regulation in Russia
Get PDFIn digitalization, trust is a necessary factor in economic and social development in general that determines the content of public relations and ensures their positive effect. In sharing economy, due to the specifics of the emerging relations, the issue of creating a digital environment of trust is especially relevant. The objective of the research is to determine the directions for improving the mechanism of civil law regulation of certain aspects of the collective use of goods and services, including studying the possibilities of the influence of the main provisions of civil law on the provision of the necessary trust between the turnover participants; research on the transformation of legal institutions, including the protection of reputation, in the context of digitalization processes; establishment of the specifics of regulating relations on the use of blockchain and other latest technologies aimed at creating and increasing the level of digital trust in collaborative consumption of various assets. The main research methods are deduction (the study of general legal provisions and their application to some regions of collaborative consumption), induction (the study of the rules for organizing the work of specific Internet platforms in the sharing economy and the subsequent allocation of general principles). Based on the results, the effective development of the sharing economy in digitalization presupposes a high level of trust, which has several interrelated manifestations that require differentiated approaches to their legal support. In addition to trust in digital technologies and services, the security of remotely performed transactions, and the preservation of the confidentiality of personal data, trust in society is essential for the sharing economy since only those who trust are trusted
Digital accounting: innovative technologies cause a new paradigm
Get PDFThe article is dealing with the concept of “digital accounting", highlights its historical origins and current discourse in the contextual relationship and interdependence of accounting and information technology. Accordingly, the issues of rethinking the role and place of accounting in the digital economy, the study of changes in its semantic, methodological and conceptual principles under the influence of the growth of information potential of the digital economic space become relevant. Since the modern period is a qualitatively new stage in the development of accounting, which in all its aspects is undergoing of significant changes, it should accordingly lead to the transition to a new digital accounting paradigm
Industry 4.0 and accounting: directions, challenges, opportunities
Get PDFThe purpose of the study was to reveal the directions, challenges and opportunities that arise in the accounting system in the conditions of Industry 4.0, when innovative solutions based on the capabilities of new digital technologies become the management of in-demand enterprises. The role of Industry 4.0 is shown, the features of modern Industry 4 technologies are revealed, the main technologies and production processes are demonstrated, interconnected using industrial protocols to create intelligent data. The rating of digital competitiveness and their readiness to implement Industry 4.0 technologies for 64 countries of the world is given and analyzed. These factors hinder the process of digitalization in countries with a low rating. The influence of Industry 4.0 on the accounting system is determined and the technologies affected by the fourth industrial revolution in terms of accounting (Big Data or Data Analytics, Cloud Computing, AI, Blockchain, Internet of Things (IoT), Robotic Process Automation) and changes waiting for the profession of accountant. The coordination of efforts of business, education and the state in the context of the development of Industry 4.0 technologies was noted
Effect of foreign direct investment on gross national income in Nigeria, 2006-2017
Get PDFEffect of foreign direct investment on gross national income in Nigeria, 2006-2017
Kelechi Johnmary Ani
Alex Ekwueme Federal University, Nigeria
E-mail: [email protected]
Chigozie Onu
Nnamdi Azikiwe University, Nigeria
E-mail: [email protected]
Submission: 11/4/2020
Revision: 12/15/2020
Accept: 1/5/2021
ABSTRACT
The study analyzed the effect of foreign direct investment on gross national income over the period of 2006- 2019. The main type of data used in this study is secondary; which were sourced from various publications of Central Bank of Nigeria, such as; Statistical Bulletin, Annual Reports and Statement of Accounts. The regression analysis of the ordinary least square (OLS) is the estimation technique that was employed in this study to determine the effect of the Direct Foreign Investment on gross national income in Nigeria. The cointegration test showed existence of a long run relationship and an indication that 1 cointegrating vectors exist at 5% level of significance among the variables which was corrected with error correction mode (ECM). The result showed that foreign direct investment had a positive effect on gross national income during the period 2006 – 2019. It also revealed that gross domestic product, exchange rate and unemployment rate has a positive effect on gross national income in Nigeria during the same period. The study recommends that government should try to develop trade zones, which are solely based on free economic movements and policies. The study recommends official re-consideration of different determinants of gross national income (GNI) attractions. Government incentives, infrastructure and policies should be put in place to make it easy for general foreign investors, to find Nigeria safe and reliable to invest. Finally, unique fiscal and monetary policies should be formed to strengthen the other macroeconomic variables which will help to overcome the situation of shocks in Nigeria while hosting Foreign Direct Investment inflow for future sustainable economic development
Relationship of working capital management and profitability of the firms - an application of unit root and co-integration test on the various corporate sectors of Pakistan stock exchange
Get PDFThe main purpose of this research is to find the impact and the long-run relationship of working capital, and profitability in different major sectors of Pakistan stock exchange; for this purpose eight sectors with 95 listed companies selected that can be representative of the Pakistani mindset and practices of the corporate world. For this reason, ROA used as the dependent variable and CCC, CR, QR, WCT ART, APD, ROCE, DR to check the long-run relationship with Firm Performance. OLS is not possible due to the trend in data. In this research unit root test and Penal Co-integration test used for finding the long-run relationship equilibrium. This research paper provides guidelines to corporate practitioners and academia to understand and focus on working capital to improve profitability in the organization. Findings revealed that different sectors have different characteristics of working capital in the long-run equilibrium. This research intends to give future direction for the researcher to develop theories of liquidity and working capital
Audit Assessment of the Effectiveness of Public Procurement Procedures
Get PDFThe article seeks describing the benefits and challenges faced by auditors in assessing the effectiveness of public procurement procedures in terms of applying the methodology for calculating efficiency, economy and effectiveness, taking into account the risks of procurement in e-auctions. Quantitative risk parameters are calculated using data of probabilistic indicators of procurement risk assessment according to the ratio of the number of relevant procedures (sub-threshold and above-threshold) to the total number of procurement procedures. Statistical valuation methods are used for the cost risk assessments and calculation of the aggregate risk indicator of public procurement. The calculations are performed using the data of the open e-procurement system ProZorro for all announced procurements in 2018-2019. We analyzed the methods, indicators and the extent to which the study of the public procurement effectiveness via bibliographic and case studies is performed. As a result, the majority of methods cover four components of assessing the public procurement efficiency - targeted efficiency, cost-effectiveness, organizational efficiency, efficiency of budget expenditures for public procurement. This does not provide an assessment of the automated systems’ impact on the procurement procedures results and on possible savings due to the use of certain procurement procedures. To comprehensively assess the procurement efficiency in e-bidding, the authors propose considering four key risks: the risk of cancellation of the procurement procedure, the risk that the procurement procedure will not take place, the risk of appealing the procurement, the risk of disqualification. As a result of risks calculations under the sub-threshold and above-threshold procurement, individual values of risks and their aggregate indicator are determined. This will adjust the scope of audit procedures to verify individual procurements and identify weaknesses in the procurement management system. We believe that the methodology of auditing the procurement effectiveness, taking into account the quantitative and qualitative parameters of procurement risks, will be a useful audit tool to determine the effectiveness of the use of public funds under individual procurements and identify areas of cost-effectiveness for the state budget funds
Conceptual Framework for Digitization of Depreciation Policy
Get PDFThe articles object is a process of accounting and information support for the formation of depreciation policy. The purpose of this article is to develop a conceptual framework for a common accounting and information space of depreciation policy. First, the authors consider the benefits of total digitalization of the organization and methodological support of depreciation policy process and make some assumptions related to the concept of enterprise’s economic data protection. Since the scientific challenge is how to effectively monitor and quickly adjust depreciation policy, the authors have chosen methods to analyze the relations between business, government regulation, and economic data security. In the course of the research, a survey of 376 enterprises of Zaporizhia, Donetsk and Luhansk regions of Ukraine was conducted. To identify impact of the enterprise size on the availability of information about individual indicators, they are grouped according to the selected system of taxation (simplified and general). In addition, the survey results and monitoring of the beta version of depreciation policy's information portal were presented. It was also concluded that the accounting indicators can be used to quickly adjust the depreciation policy at the state level
Accounting Institute: on the Genesis and Impact of Management Revolutions
Get PDFThe aim of the study is to establish the presence of a causal relationship between the historical development of the accounting system (its modification) with management revolutions, identification of new characteristic features and accounting functions arising from changes in management approaches and requirements for accounting information for management purposes. Achieving the goal of the study involves identifying opportunities for further improving the accounting system based on the experience of its genesis under the influence of managerial revolutions. The methodological basis of the study is the dialectical method of cognition. The use of the historical method allowed to establish the logical dependence of the evolution of accounting on the requirements of the management system. Analytical and systematic methods were used to identify and form descriptions of the relationship of the accounting system in budgetary institutions with the processes of management system transformation and management revolutions. The impact of managerial revolutions on the accounting system in Ukraine and their consequences are established on the basis of an empirical generalization of historical archival and literary descriptions, as well as a critical analysis of the regulatory regulation of accounting, its norms and practices. The existence of a direct influence of managerial revolutions on the content, requirements, principles and methods of accounting is justified. The above result is based on the results of the analysis of the historical content of accounting, its evidence (accounting documents), as well as the assessment of the functions of the persons who carried out the accounting. The study of works on the history of accounting made it possible to assess the genesis of the introduction of the institutional approach and accounting as the basis for its transformational changes aimed at strengthening compliance with management needs. The study showed that accounting is changing under the influence of transformations in management, changes in its requests, determined by the existing needs of management.