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Business continuity of culinary SMEs: Empirical study of personal branding, corporate branding, open innovation, and competitive advantage 烹饪中小企业的业务连续性:个人品牌、企业品牌、开放式创新和竞争优势的实证研究
Pub Date : 2024-02-10 DOI: 10.15549/jeecar.v11i1.1383
Velwin Wibowo, I. G. So, E. Kuncoro, A. Bandur
This study aims to uncover the interaction of intangible resources in personal branding, corporate branding, and open innovation in shaping the competitive advantage and sustainability of culinary SMEs in developing countries. Financial moderation is a moderation variable in the relationship between competitive advantage and business continuity. Using a quantitative approach involving 216 respondents, this study with SEM PLS analysis has produced empirical information that knowledge and branding resources (personal and corporate) have convincingly influenced the formation of competitive advantage and business continuity. This study reinforces resource-based theory and practically becomes a strategic consideration for stakeholders related to culinary SMEs in maintaining their existence in a competitive dynamic.
本研究旨在揭示个人品牌、企业品牌和开放式创新中的无形资源在塑造发展中国家烹饪类中小企业的竞争优势和可持续性方面的相互作用。财务调节是竞争优势与业务持续性关系中的一个调节变量。本研究采用定量方法,涉及 216 名受访者,通过 SEM PLS 分析得出的经验信息表明,知识和品牌资源(个人和企业)对竞争优势和业务连续性的形成产生了令人信服的影响。这项研究强化了资源导向理论,并切实成为烹饪中小企业相关利益方在竞争动态中维持生存的战略考量。
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引用次数: 0
The impact of shadow banking on nonfinancial firms listed on the Ho Chi Minh Stock Exchange (HOSE) – Evidence from Vietnam 影子银行对在胡志明证券交易所(HOSE)上市的非金融企业的影响--来自越南的证据
Pub Date : 2024-02-10 DOI: 10.15549/jeecar.v11i1.1407
Thy Le, Ngan Nguyen Thi Kim, Thi Hoang Dieu
This paper examines the effect of shadow banking activities on the performance and risk-taking of 339 Vietnamese nonfinancial firms listed on the Ho Chi Minh Stock Exchange (HOSE). Using manually gathered data on firms' shadow banking activities from 2009 to 2021, the expansion of shadow banking is found to have a negative effect on the overall financial soundness of the securities companies, in particular negatively affecting performance and increasing the risk tolerance of companies. We present empirical findings about several aspects of shadow banking activities, including entrusted loans, entrusted investments, private lending, leasing, and commercial credit in this study. While the majority of shadow banking operations could have a negative impact on a firm's performance, we have discovered that commercial credit grants were crucial in reducing the COVID-19 pandemic's adverse effects on businesses, highlighting the need for financial stability in times of crisis. According to our results, the risk of shadow banking activities, which have consequences for policymakers and caution for nonfinancial enterprises, must be taken into consideration.
本文研究了影子银行活动对 339 家在胡志明证券交易所(HOSE)上市的越南非金融企业的业绩和风险承担的影响。利用人工收集的 2009 年至 2021 年公司影子银行活动数据,我们发现影子银行的扩张对证券公司的整体财务稳健性有负面影响,尤其是对公司业绩有负面影响,并增加了公司的风险容忍度。在本研究中,我们对影子银行活动的几个方面进行了实证研究,包括委托贷款、委托投资、民间借贷、租赁和商业信贷。虽然大多数影子银行业务都会对企业的业绩产生负面影响,但我们发现商业信贷在降低 COVID-19 大流行对企业的不利影响方面发挥了关键作用,这凸显了危机时期金融稳定的必要性。根据我们的研究结果,必须考虑到影子银行活动的风险,这将对政策制定者产生影响,并使非金融企业谨慎行事。
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引用次数: 0
Shaping the future of Uzbekistan's tourism: An in-depth analysis of infrastructure influence and strategic planning 塑造乌兹别克斯坦旅游业的未来:深入分析基础设施的影响和战略规划
Pub Date : 2024-02-10 DOI: 10.15549/jeecar.v11i1.1478
Nurali Uralovich Arabov, Dilmurod Nasimov, Bekzot Janzakov, Komiljon Khomitov, Gulnarakhan Utemuratova, Dilshod Abduraimov, Baxit Ismailov
This article presents a comprehensive assessment of the impact of infrastructure on tourism, exploring its crucial role in shaping the tourism industry. Through expert methods and survey analysis, the study highlights the quality of infrastructure by assessing the development level of transportation, accommodation, tourist attractions, amenities, and tourism services in Uzbekistan’s 14 regions. As a result, the classification of regions with regard to infrastructure development is proposed. In addition, an equilibrium equation in the tourism market concerning infrastructure facilities is suggested, which can be used to assess the balanced development of general infrastructure. The findings underscore the need for policymakers and stakeholders to recognize the direct correlation between infrastructure and tourism success, providing insights to guide future infrastructure planning and development initiatives in the ever-evolving global tourism landscape.
本文全面评估了基础设施对旅游业的影响,探讨了其在塑造旅游业方面的关键作用。研究通过专家方法和调查分析,对乌兹别克斯坦 14 个地区的交通、住宿、旅游景点、便利设施和旅游服务的发展水平进行了评估,从而突出了基础设施的质量。因此,提出了基础设施发展方面的地区分类。此外,还提出了关于基础设施的旅游市场平衡方程,可用于评估一般基础设施的平衡发展。研究结果强调,政策制定者和利益相关者需要认识到基础设施与旅游业成功之间的直接相关性,为指导未来的基础设施规划和发展举措提供真知灼见,以应对不断变化的全球旅游业形势。
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引用次数: 0
The effect of liquidity on firm’s performance: Case of Vietnam 流动性对公司业绩的影响:越南案例
Pub Date : 2024-02-10 DOI: 10.15549/jeecar.v11i1.1344
Kim Quoc Trung Nguyen, Thi Hang Nga Phan, Nguyen Minh Hang
This paper aims to estimate the effect of liquidity on the profitability of firms listed on the Ho Chi Minh City Stock Exchange (HSX) in Vietnam during the COVID-19 outbreak. Using a quantitative research method (the feasible generalized least squares method - FGLS), six factors affecting the firms' performance from 2012 to 2021 are identified: COVID-19, the liquidity ratio, firm age, firm size, tangible assets, and gross domestic product growth. This paper has especially highlighted liquidity's negative and significant effect on firms' performance during the pandemic. Therefore, the study findings indicate that manufacturing firms with high liquidity during COVID-19 lose the opportunity to increase revenue due to funds tied to working capital that cannot be used to support the company's operations under the trade-off theory. Besides, high liquidity also increases the company's opportunity cost, which decreases company profitability. However, the study was conducted in a country with government intervention, political stability, and peace, unlike a country in a period of war and economic difficulties, such as Ukraine. Therefore, the article used a cross-country database for more generalizable results.
本文旨在估算 COVID-19 爆发期间流动性对越南胡志明市证券交易所(HSX)上市公司盈利能力的影响。利用定量研究方法(可行的广义最小二乘法--FGLS),确定了影响 2012 年至 2021 年公司业绩的六个因素:COVID-19、流动性比率、企业年龄、企业规模、有形资产和国内生产总值增长。本文特别强调了流动性在大流行病期间对企业绩效的负面显著影响。因此,研究结果表明,在 COVID-19 期间,高流动性的制造业企业会失去增加收入的机会,原因是根据权衡理论,资金被捆绑在营运资本上,无法用于支持公司的运营。此外,高流动性还会增加公司的机会成本,从而降低公司的盈利能力。然而,研究是在一个政府干预、政治稳定、和平的国家进行的,与乌克兰等处于战争和经济困难时期的国家不同。因此,文章使用了跨国数据库,以获得更具普遍性的结果。
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引用次数: 0
Shaping the future of Uzbekistan's tourism: An in-depth analysis of infrastructure influence and strategic planning 塑造乌兹别克斯坦旅游业的未来:深入分析基础设施的影响和战略规划
Pub Date : 2024-02-10 DOI: 10.15549/jeecar.v11i1.1478
Nurali Uralovich Arabov, Dilmurod Nasimov, Bekzot Janzakov, Komiljon Khomitov, Gulnarakhan Utemuratova, Dilshod Abduraimov, Baxit Ismailov
This article presents a comprehensive assessment of the impact of infrastructure on tourism, exploring its crucial role in shaping the tourism industry. Through expert methods and survey analysis, the study highlights the quality of infrastructure by assessing the development level of transportation, accommodation, tourist attractions, amenities, and tourism services in Uzbekistan’s 14 regions. As a result, the classification of regions with regard to infrastructure development is proposed. In addition, an equilibrium equation in the tourism market concerning infrastructure facilities is suggested, which can be used to assess the balanced development of general infrastructure. The findings underscore the need for policymakers and stakeholders to recognize the direct correlation between infrastructure and tourism success, providing insights to guide future infrastructure planning and development initiatives in the ever-evolving global tourism landscape.
本文全面评估了基础设施对旅游业的影响,探讨了其在塑造旅游业方面的关键作用。研究通过专家方法和调查分析,对乌兹别克斯坦 14 个地区的交通、住宿、旅游景点、便利设施和旅游服务的发展水平进行了评估,从而突出了基础设施的质量。因此,提出了基础设施发展方面的地区分类。此外,还提出了关于基础设施的旅游市场平衡方程,可用于评估一般基础设施的平衡发展。研究结果强调,政策制定者和利益相关者需要认识到基础设施与旅游业成功之间的直接相关性,为指导未来的基础设施规划和发展举措提供真知灼见,以应对不断变化的全球旅游业形势。
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引用次数: 0
The impact of shadow banking on nonfinancial firms listed on the Ho Chi Minh Stock Exchange (HOSE) – Evidence from Vietnam 影子银行对在胡志明证券交易所(HOSE)上市的非金融企业的影响--来自越南的证据
Pub Date : 2024-02-10 DOI: 10.15549/jeecar.v11i1.1407
Thy Le, Ngan Nguyen Thi Kim, Thi Hoang Dieu
This paper examines the effect of shadow banking activities on the performance and risk-taking of 339 Vietnamese nonfinancial firms listed on the Ho Chi Minh Stock Exchange (HOSE). Using manually gathered data on firms' shadow banking activities from 2009 to 2021, the expansion of shadow banking is found to have a negative effect on the overall financial soundness of the securities companies, in particular negatively affecting performance and increasing the risk tolerance of companies. We present empirical findings about several aspects of shadow banking activities, including entrusted loans, entrusted investments, private lending, leasing, and commercial credit in this study. While the majority of shadow banking operations could have a negative impact on a firm's performance, we have discovered that commercial credit grants were crucial in reducing the COVID-19 pandemic's adverse effects on businesses, highlighting the need for financial stability in times of crisis. According to our results, the risk of shadow banking activities, which have consequences for policymakers and caution for nonfinancial enterprises, must be taken into consideration.
本文研究了影子银行活动对 339 家在胡志明证券交易所(HOSE)上市的越南非金融企业的业绩和风险承担的影响。利用人工收集的 2009 年至 2021 年公司影子银行活动数据,我们发现影子银行的扩张对证券公司的整体财务稳健性有负面影响,尤其是对公司业绩有负面影响,并增加了公司的风险容忍度。在本研究中,我们对影子银行活动的几个方面进行了实证研究,包括委托贷款、委托投资、民间借贷、租赁和商业信贷。虽然大多数影子银行业务都会对企业的业绩产生负面影响,但我们发现商业信贷在降低 COVID-19 大流行对企业的不利影响方面发挥了关键作用,这凸显了危机时期金融稳定的必要性。根据我们的研究结果,必须考虑到影子银行活动的风险,这将对政策制定者产生影响,并使非金融企业谨慎行事。
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引用次数: 0
How does technological readiness, among other factors, influence the dynamics of agricultural exports from Vietnam to major EU trading partners? 除其他因素外,技术准备如何影响越南对欧盟主要贸易伙伴的农产品出口动态?
Pub Date : 2024-02-10 DOI: 10.15549/jeecar.v11i1.1440
Mai Ngoc Tran
The agricultural sector plays a significant role in Vietnam's economy, contributing to food security, employment, and export revenues. The European Union (EU) has emerged as a promising market for Vietnam's agricultural exports in recent years. However, Vietnam must embrace technological advancements in the agricultural sector to penetrate and succeed in the highly competitive and regulated EU market. Despite the evidence supporting the positive impact of technology adoption on agricultural exports, there is a research gap regarding the specific role of technological readiness in promoting Vietnam's agricultural exports to the EU. This study aims to fill this research gap by investigating the relationship between technological readiness and Vietnam's agricultural exports to the EU market. The findings can provide valuable insights for policymakers and stakeholders to formulate strategies that enhance the competitiveness of Vietnam's agricultural sector and increase exports to the EU market.
农业部门在越南经济中发挥着重要作用,为粮食安全、就业和出口收入做出了贡献。近年来,欧盟已成为越南农产品出口的一个前景广阔的市场。然而,越南必须拥抱农业领域的技术进步,才能打入竞争激烈、监管严格的欧盟市场并取得成功。尽管有证据支持技术采用对农产品出口的积极影响,但关于技术准备对促进越南农产品出口欧盟的具体作用,还存在研究空白。本研究旨在通过调查技术准备与越南对欧盟市场的农产品出口之间的关系来填补这一研究空白。研究结果可为政策制定者和利益相关者提供有价值的见解,以制定提高越南农业部门竞争力和增加对欧盟市场出口的战略。
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引用次数: 0
Measuring healthcare efficiency in Kazakhstan: an application of data envelopment analysis 衡量哈萨克斯坦的医疗效率:数据包络分析的应用
Pub Date : 2024-02-10 DOI: 10.15549/jeecar.v11i1.1428
A. Omir, Azimkhan Satybaldin, R. Ruzanov, Gulzhakhan Khajiyeva
The study aims to evaluate the efficiency of the Republic of Kazakhstan's healthcare sector over the period 2014-2021 using the non-parametric method of data envelope analysis. The analysis was carried out based on quantitative indicators of the medical statistics of the Republic of Kazakhstan. The study's results prove that efficiency tends to change over the medium term. Simultaneously, implementing digital technologies based on the computerisation and digitalisation of the healthcare sector in the short term is revealed to reduce overall efficiency, but that efficiency increases in the long term. The events of the COVID-19 pandemic did not reduce the overall efficiency of the healthcare sector in the Republic of Kazakhstan.
本研究旨在利用数据包络分析的非参数方法评估哈萨克斯坦共和国 2014-2021 年期间医疗保健部门的效率。分析以哈萨克斯坦共和国医疗统计的定量指标为基础。研究结果证明,效率在中期内会发生变化。同时,在短期内实施基于医疗保健部门计算机化和数字化的数字技术会降低总体效率,但从长期来看效率会提高。COVID-19 大流行并没有降低哈萨克斯坦共和国医疗保健部门的整体效率。
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引用次数: 0
Financial statements’ reliability affects firms’ performance: A case of Vietnam 财务报表的可靠性影响公司业绩:越南案例
Pub Date : 2024-02-10 DOI: 10.15549/jeecar.v11i1.1432
Trung Nguyen Kim Quoc, Van Tran Hong, Tuan Le Van, Hang Nguyen Minh, Oanh Nguyen Thi Ngoc
This paper aims to estimate the effect of the reliability of financial statements on listed firms’ performance in Vietnam, especially on the Ho Chi Minh City Stock Exchange, from 2015 to 2022. Based on International Financial Reporting Standards, Generally Accepted Accounting Principles and theories, reliability is a key attribute of information quality in financial statements. Besides, using the quantitative method of feasible generalized least squares (FGLS), the findings show that reliability positively affects listed firms’ performance with a confidence interval of 95%. On the platform of agency theory, the reliability of financial statements is considered a tool to fulfill the duties and responsibilities of managers and the board of directors to external users, while stakeholder theory considers the advantages of the disclosure of reliable financial statements in terms of gaining performance.
本文旨在估算 2015 至 2022 年期间财务报表可靠性对越南(尤其是胡志明市证券交易所)上市公司业绩的影响。根据《国际财务报告准则》、《公认会计原则》和相关理论,可靠性是财务报表信息质量的关键属性。此外,利用可行广义最小二乘法(FGLS)的定量方法,研究结果表明可靠性对上市公司业绩有积极影响,置信区间为 95%。在代理理论的平台上,财务报表的可靠性被认为是管理者和董事会对外部用户履行义务和责任的工具,而利益相关者理论则认为披露可靠的财务报表对获得绩效有好处。
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引用次数: 0
Resident’s perceptions towards tourism development in Buddha’s footsteps in India 居民对印度佛陀足迹旅游开发的看法
Pub Date : 2024-02-10 DOI: 10.15549/jeecar.v11i1.1465
Emil Velinov, Ankit Dhiraj, Sanjeev Kumar, Divya Rani
Tourism experts have considered the local perspective as an important area of research involving the tourist sector. Residents of places where sharing and preserving their culture are essential can experience both positive and negative effects from tourism. This study examined how Indian Buddhist circuit residents felt about tourism using a benefits-based approach. The paper's primary goal is to investigate residents' perceptions of tourism development in the Buddhist circuit in India. Data were collected using a five-point Likert scale from 175 Buddhist circuit residents in India, who had 31 statements. The researcher used a convenience sampling approach. The study took place over 24 weeks from January to July 2022. According to the results, people living in Buddhist circuits are more sensitive to tourism's economic effects than its cultural and social aspects. The local community will support tourism growth if it brings about considerable personal benefits.
旅游专家认为,地方视角是涉及旅游部门的一个重要研究领域。在分享和保护其文化至关重要的地方,居民可能会体验到旅游业带来的积极和消极影响。本研究采用基于效益的方法,考察了印度佛教线路居民对旅游业的感受。本文的主要目的是调查印度佛教线路居民对旅游业发展的看法。研究人员使用五点李克特量表收集了印度 175 名佛教巡回区居民的 31 条陈述。研究人员采用了方便抽样法。研究时间为 2022 年 1 月至 7 月,历时 24 周。研究结果表明,与文化和社会方面相比,佛教线路居民对旅游业的经济影响更为敏感。如果旅游业能带来可观的个人利益,当地社区将支持旅游业的发展。
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引用次数: 0
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Journal of Eastern European and Central Asian Research (JEECAR)
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