Employee engagement is essential for a company to maintain positive and productive work environment. Employee engagement and motivation at work are key factors in the success of teams and the entire organization. It improves productivity, reduces turnover rates, and fosters a positive work culture. This study explores the various ways in which organizations can increase employee engagement and motivation. The study also highlights the importance of leaders and managers in promoting a supportive work culture. Employee engagement is used to describe a worker's emotional and intellectual attachment to their organization, which expresses as dedication, enthusiasm, excitement, focused work, and enthusiasm. Engaged workers typically feel better about their jobs. Companies with engaged employees also typically generate higher profit. The study discusses the importance of work independency, equitable pay structure, professional growth, work-life balance, and cooperation of supervisor co-worker. This study identifies the most influential drivers that motivate employees to engage their job psychologically and physically. This study also determine the factor that policy maker should consider in order to increase employee engagement. Keywords: Employee engagement, work independency, work-life balance, Professional growth DOI: 10.7176/EJBM/15-16-03 Publication date: September 30 th 2023
{"title":"Factors Affecting Employee Engagement: A Study on Private Organizations in Bangladesh","authors":"","doi":"10.7176/ejbm/15-16-03","DOIUrl":"https://doi.org/10.7176/ejbm/15-16-03","url":null,"abstract":"Employee engagement is essential for a company to maintain positive and productive work environment. Employee engagement and motivation at work are key factors in the success of teams and the entire organization. It improves productivity, reduces turnover rates, and fosters a positive work culture. This study explores the various ways in which organizations can increase employee engagement and motivation. The study also highlights the importance of leaders and managers in promoting a supportive work culture. Employee engagement is used to describe a worker's emotional and intellectual attachment to their organization, which expresses as dedication, enthusiasm, excitement, focused work, and enthusiasm. Engaged workers typically feel better about their jobs. Companies with engaged employees also typically generate higher profit. The study discusses the importance of work independency, equitable pay structure, professional growth, work-life balance, and cooperation of supervisor co-worker. This study identifies the most influential drivers that motivate employees to engage their job psychologically and physically. This study also determine the factor that policy maker should consider in order to increase employee engagement. Keywords: Employee engagement, work independency, work-life balance, Professional growth DOI: 10.7176/EJBM/15-16-03 Publication date: September 30 th 2023","PeriodicalId":11878,"journal":{"name":"European Journal of Business and Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135641171","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In the context of the digital economy, digital technologies such as big data, artificial intelligence, cloud computing and so on continue to promote enterprise value creation. This paper takes the annual reports of listed companies in Shanghai and Shenzhen A-shares from 2015 to 2021 as the object, constructs digital transformation indexes based on Word2Vec machine learning technology, and empirically analyzes the relationship between digital transformation, enterprise operating capacity and company performance. The study finds that: the higher the degree of digital transformation, the stronger the operating capacity of enterprises; the improvement of enterprise operating capacity can significantly enhance company performance; digital transformation will strengthen the positive effect of operating capacity on company performance. The study's findings not only reveal the moderating role of digital transformation in the relationship between enterprise operating capacity and company performance but also provide theoretical and empirical evidence for a comprehensive and objective evaluation of the implementation effect of digital transformation. Keywords: digital transformation, operating capacity, company performance, text analysis DOI: 10.7176/EJBM/15-16-01 Publication date: September 30 th 2023
{"title":"Digital Transformation, Operating Capacity and Firm Performance: Empirical Evidence from the Chinese Stock Market","authors":"","doi":"10.7176/ejbm/15-16-01","DOIUrl":"https://doi.org/10.7176/ejbm/15-16-01","url":null,"abstract":"In the context of the digital economy, digital technologies such as big data, artificial intelligence, cloud computing and so on continue to promote enterprise value creation. This paper takes the annual reports of listed companies in Shanghai and Shenzhen A-shares from 2015 to 2021 as the object, constructs digital transformation indexes based on Word2Vec machine learning technology, and empirically analyzes the relationship between digital transformation, enterprise operating capacity and company performance. The study finds that: the higher the degree of digital transformation, the stronger the operating capacity of enterprises; the improvement of enterprise operating capacity can significantly enhance company performance; digital transformation will strengthen the positive effect of operating capacity on company performance. The study's findings not only reveal the moderating role of digital transformation in the relationship between enterprise operating capacity and company performance but also provide theoretical and empirical evidence for a comprehensive and objective evaluation of the implementation effect of digital transformation. Keywords: digital transformation, operating capacity, company performance, text analysis DOI: 10.7176/EJBM/15-16-01 Publication date: September 30 th 2023","PeriodicalId":11878,"journal":{"name":"European Journal of Business and Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135640706","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Islamic banks are exposed to a unique risk such as Displaced Commercial Risk (DCR). DCR arises when the Islamic banks forgo part or all its share of profits on the unrestricted investment account holders’ funds in order to increase the return to the unrestricted investment account holders. The level of risk sharing indicates the level of DCR absorbed by the shareholders of an Islamic bank for the bank pay to a competitive rate to the unrestricted investment account holders. Displacement commercial risk and level of risk sharing are two important concepts for Islamic bank and the regulatory authority. To demonstrate the concepts, this paper employs the Value at Risk (VaR) model to estimate the DCR and level of risk sharing in two Islamic banks in Bahrain. The results indicate that one of the banks experienced a DCR of between $15.342 million and $15.843 million with a risk sharing level of 97% while the second bank did not face DCR and has a risk sharing level of 0%. The paper concludes that since the capital adequacy ratios of Islamic banks are very sensitive to changes in DCR and level of risk sharing, setting a common risk sharing level for the industry is not a good idea as this will result in either overstating or understating the capital requirements of Islamic banks and this has some implications on resilience and stability of the banks as well as their competitiveness in the marketplace Keywords: Islamic bank, shareholders, displaced commercial risk, level of risk sharing, value at risk, unrestricted investment account holders DOI: 10.7176/EJBM/15-16-04 Publication date: September 30 th 2023
{"title":"Displacement Commercial Risk (DCR) and the Level of Risk Sharing between Unrestricted Investment Account Holders (URIAHs) and Shareholders in an Islamic Bank","authors":"","doi":"10.7176/ejbm/15-16-04","DOIUrl":"https://doi.org/10.7176/ejbm/15-16-04","url":null,"abstract":"Islamic banks are exposed to a unique risk such as Displaced Commercial Risk (DCR). DCR arises when the Islamic banks forgo part or all its share of profits on the unrestricted investment account holders’ funds in order to increase the return to the unrestricted investment account holders. The level of risk sharing indicates the level of DCR absorbed by the shareholders of an Islamic bank for the bank pay to a competitive rate to the unrestricted investment account holders. Displacement commercial risk and level of risk sharing are two important concepts for Islamic bank and the regulatory authority. To demonstrate the concepts, this paper employs the Value at Risk (VaR) model to estimate the DCR and level of risk sharing in two Islamic banks in Bahrain. The results indicate that one of the banks experienced a DCR of between $15.342 million and $15.843 million with a risk sharing level of 97% while the second bank did not face DCR and has a risk sharing level of 0%. The paper concludes that since the capital adequacy ratios of Islamic banks are very sensitive to changes in DCR and level of risk sharing, setting a common risk sharing level for the industry is not a good idea as this will result in either overstating or understating the capital requirements of Islamic banks and this has some implications on resilience and stability of the banks as well as their competitiveness in the marketplace Keywords: Islamic bank, shareholders, displaced commercial risk, level of risk sharing, value at risk, unrestricted investment account holders DOI: 10.7176/EJBM/15-16-04 Publication date: September 30 th 2023","PeriodicalId":11878,"journal":{"name":"European Journal of Business and Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135641182","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The study was on assessment of internal control on the employee turnover in Small and Medium Enterprises (SMEs) in Ekiti, Ogun and Osun states. Three sectors were selected for the study and they were, Food and Beverages, Bakery and Wood Processing. The study was carried out to determine the effect of internal control system on employee turnover and measures to make internal control effective on employee turnover in SMEs. Leadership style and training and development were used as indicators for employee turnover. The population for the study was Four Thousand, Five Hundred and Seventy Six (4,576) registered SMEs under CAMA (2004). The sample size was Three Hundred and Forty Six (346) SMEs in the study area using Krejie and Morgan sample formula, out of which Three Hundred (300) were received from the respondents. Both inferential and descriptive statistics methods were used to analyse the collected data for the study. Inferential statistics used were Ordinary Least Square (OLS) Regression method, while descriptive statistics used were Likert ratings, frequency count, percentage and Relative importance index. Questionnaire were administered to collect the data for the study. The result showed that all types of internal controls existed in most of the SMEs in the study area, though not very effective. The study revealed that personnel management and organisational controls have significant effect on the training and development of the SMEs in the study area having coefficients value of (0.689; = 0.007), (1.162; = 0.000) and (0.886; = 0.012) respectively. It was also revealed that the internal control which significantly has effect on leadership style of the SMEs in the study area includes personnel control (1.093; = 0.000), physical control (0.633; = 0.034), arithmetic and accounting control (0.915; = 0.024), organisational control (0.963; = 0.003), budget and budgetary control (1.132; = 0.008) and supervisory control (0.823; = 0.028). This is an indication that internal control has effect on employee turnover of SMEs in the study area. The conclusion drawn from the study was that moderate positive relationship exists between the internal control and the employee turnover in the SMEs. It was recommended that SMEs should ensure improvement on effectiveness of internal control on employee training and development on the leadership style in order to improve on retention of employee in their organisations. Keywords: Organisation, Leadership Style, Training and Development, Management, motivation DOI: 10.7176/EJBM/15-16-05 Publication date: September 30 th 2023
{"title":"Internal Control System and the Employee Turnover in Small and Medium Enterprises in South West, Nigeria","authors":"","doi":"10.7176/ejbm/15-16-05","DOIUrl":"https://doi.org/10.7176/ejbm/15-16-05","url":null,"abstract":"The study was on assessment of internal control on the employee turnover in Small and Medium Enterprises (SMEs) in Ekiti, Ogun and Osun states. Three sectors were selected for the study and they were, Food and Beverages, Bakery and Wood Processing. The study was carried out to determine the effect of internal control system on employee turnover and measures to make internal control effective on employee turnover in SMEs. Leadership style and training and development were used as indicators for employee turnover. The population for the study was Four Thousand, Five Hundred and Seventy Six (4,576) registered SMEs under CAMA (2004). The sample size was Three Hundred and Forty Six (346) SMEs in the study area using Krejie and Morgan sample formula, out of which Three Hundred (300) were received from the respondents. Both inferential and descriptive statistics methods were used to analyse the collected data for the study. Inferential statistics used were Ordinary Least Square (OLS) Regression method, while descriptive statistics used were Likert ratings, frequency count, percentage and Relative importance index. Questionnaire were administered to collect the data for the study. The result showed that all types of internal controls existed in most of the SMEs in the study area, though not very effective. The study revealed that personnel management and organisational controls have significant effect on the training and development of the SMEs in the study area having coefficients value of (0.689; = 0.007), (1.162; = 0.000) and (0.886; = 0.012) respectively. It was also revealed that the internal control which significantly has effect on leadership style of the SMEs in the study area includes personnel control (1.093; = 0.000), physical control (0.633; = 0.034), arithmetic and accounting control (0.915; = 0.024), organisational control (0.963; = 0.003), budget and budgetary control (1.132; = 0.008) and supervisory control (0.823; = 0.028). This is an indication that internal control has effect on employee turnover of SMEs in the study area. The conclusion drawn from the study was that moderate positive relationship exists between the internal control and the employee turnover in the SMEs. It was recommended that SMEs should ensure improvement on effectiveness of internal control on employee training and development on the leadership style in order to improve on retention of employee in their organisations. Keywords: Organisation, Leadership Style, Training and Development, Management, motivation DOI: 10.7176/EJBM/15-16-05 Publication date: September 30 th 2023","PeriodicalId":11878,"journal":{"name":"European Journal of Business and Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135640049","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Creativity, Innovation, Management, and Performance of Educational Enterprise in Africa, The Role of Network Ties. A Case Study of Ghana","authors":"","doi":"10.7176/ejbm/15-15-04","DOIUrl":"https://doi.org/10.7176/ejbm/15-15-04","url":null,"abstract":"","PeriodicalId":11878,"journal":{"name":"European Journal of Business and Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81694796","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Transition to Siblinghood Challenges: Consumer Attitude Towards E-Consultation","authors":"","doi":"10.7176/ejbm/15-15-03","DOIUrl":"https://doi.org/10.7176/ejbm/15-15-03","url":null,"abstract":"","PeriodicalId":11878,"journal":{"name":"European Journal of Business and Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84536131","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Kaffah Adaptive Empowerment Leadership: Strategi Sukses dengan Knowledge Conversion","authors":"","doi":"10.7176/ejbm/15-15-01","DOIUrl":"https://doi.org/10.7176/ejbm/15-15-01","url":null,"abstract":"","PeriodicalId":11878,"journal":{"name":"European Journal of Business and Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84007929","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Analysis of Financial Performance on Business Continuity of Islamic Credit Banks","authors":"","doi":"10.7176/ejbm/15-15-02","DOIUrl":"https://doi.org/10.7176/ejbm/15-15-02","url":null,"abstract":"","PeriodicalId":11878,"journal":{"name":"European Journal of Business and Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90983188","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper aims to deepen the understanding of the effects of electricity load shedding on small and medium enterprises (SMEs) by exploring the theoretical frameworks that underpin these impacts. Drawing from resource dependence theory, institutional theory, and stakeholder theory, the article examines how power outages disrupt business operations, influence adaptation strategies, and shape stakeholder dynamics within the SME context. By delving into these theoretical perspectives, the paper provides valuable insights for policymakers, practitioners, and researchers seeking to mitigate the adverse consequences of electricity load shedding on SMEs. Keywords: electricity load shedding, small and medium enterprises, theoretical underpinnings, institutional theory, stakeholder theory; Resource Dependence Theory (RDT), the Economics of Power System Reliability and Planning theory, Cybernetic theory of organisational stress, Theory of Constraints (TOC), Production Competence Theory, Systems Theory of Management, Dynamic Capabilities Theory, the Systems Theory of Management and Transformation Theory of Production DOI: 10.7176/EJBM/15-15-08 Publication date: August 31 st 2023
{"title":"Understanding the Impact of Electricity Load Shedding on Small and Medium Enterprises: Exploring Theoretical Underpinnings","authors":"","doi":"10.7176/ejbm/15-15-08","DOIUrl":"https://doi.org/10.7176/ejbm/15-15-08","url":null,"abstract":"This paper aims to deepen the understanding of the effects of electricity load shedding on small and medium enterprises (SMEs) by exploring the theoretical frameworks that underpin these impacts. Drawing from resource dependence theory, institutional theory, and stakeholder theory, the article examines how power outages disrupt business operations, influence adaptation strategies, and shape stakeholder dynamics within the SME context. By delving into these theoretical perspectives, the paper provides valuable insights for policymakers, practitioners, and researchers seeking to mitigate the adverse consequences of electricity load shedding on SMEs. Keywords: electricity load shedding, small and medium enterprises, theoretical underpinnings, institutional theory, stakeholder theory; Resource Dependence Theory (RDT), the Economics of Power System Reliability and Planning theory, Cybernetic theory of organisational stress, Theory of Constraints (TOC), Production Competence Theory, Systems Theory of Management, Dynamic Capabilities Theory, the Systems Theory of Management and Transformation Theory of Production DOI: 10.7176/EJBM/15-15-08 Publication date: August 31 st 2023","PeriodicalId":11878,"journal":{"name":"European Journal of Business and Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135051723","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper critically examines the definition of Public-Private Partnerships (PPPs) and explores key models of such collaborations, shedding light on their advantages, challenges, and implications. Further, the paper delves into the diverse models of PPPs employed within the health sector, examining their unique characteristics, advantages, challenges, and real-world case studies. By analyzing these models, we can better understand how PPPs contribute to improved healthcare delivery and outcomes. Furthermore, the paper attempts to highlight the best practices and strategies for successful health sector public-private partnerships. Keywords : Public-Private Partnerships, health sector DOI: 10.7176/EJBM/15-15-09 Publication date: August 31 st 2023
{"title":"Exploring Diverse Models of Public-Private Partnerships in the Health Sector","authors":"","doi":"10.7176/ejbm/15-15-09","DOIUrl":"https://doi.org/10.7176/ejbm/15-15-09","url":null,"abstract":"This paper critically examines the definition of Public-Private Partnerships (PPPs) and explores key models of such collaborations, shedding light on their advantages, challenges, and implications. Further, the paper delves into the diverse models of PPPs employed within the health sector, examining their unique characteristics, advantages, challenges, and real-world case studies. By analyzing these models, we can better understand how PPPs contribute to improved healthcare delivery and outcomes. Furthermore, the paper attempts to highlight the best practices and strategies for successful health sector public-private partnerships. Keywords : Public-Private Partnerships, health sector DOI: 10.7176/EJBM/15-15-09 Publication date: August 31 st 2023","PeriodicalId":11878,"journal":{"name":"European Journal of Business and Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135051731","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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