Pub Date : 2024-06-08DOI: 10.33422/iarmea.v1i1.288
Yuka Goto
The research project aims to examine the impact of corporate philosophy expression on financial performance during the COVID-19 pandemic to derive valuable insights for corporate survival. Two Japanese beverage companies were selected for analysis based on their corporate philosophies: one with a clear corporate philosophy and one with an unclear one. Subsequently, a comparative analysis was conducted on the expressions of corporate philosophies and the financial performance data during the pandemic. As a result, a company with a clear corporate philosophy showed more stable growth in operating, ordinary, and net profit margins compared to a company with an unclear one. In return on equity, a company with a clear corporate philosophy showed moderate but stable increasing trends, while a company with an unclear one experienced moderate and fluctuating decreasing trends. The research from the analysis concluded that a corporate philosophy expression had an impact on financial performance. The author considers that a clear corporate philosophy could serve as a clear guideline for decision-making and action by management executives and employees, enabling them to easily comprehend and make timely and appropriate decisions and actions during the COVID-19 pandemic before the situation got worse, and leading to a positive financial outcome. The research findings are beneficial for corporate survival. No previous studies have conducted a comparative analysis of corporate philosophy expression and financial performance. Consequently, the research project is distinctive and pioneering.
{"title":"Impact of Corporate Philosophy Expression on Financial Performance during COVID-19 Pandemic","authors":"Yuka Goto","doi":"10.33422/iarmea.v1i1.288","DOIUrl":"https://doi.org/10.33422/iarmea.v1i1.288","url":null,"abstract":"The research project aims to examine the impact of corporate philosophy expression on financial performance during the COVID-19 pandemic to derive valuable insights for corporate survival. Two Japanese beverage companies were selected for analysis based on their corporate philosophies: one with a clear corporate philosophy and one with an unclear one. Subsequently, a comparative analysis was conducted on the expressions of corporate philosophies and the financial performance data during the pandemic. As a result, a company with a clear corporate philosophy showed more stable growth in operating, ordinary, and net profit margins compared to a company with an unclear one. In return on equity, a company with a clear corporate philosophy showed moderate but stable increasing trends, while a company with an unclear one experienced moderate and fluctuating decreasing trends. The research from the analysis concluded that a corporate philosophy expression had an impact on financial performance. The author considers that a clear corporate philosophy could serve as a clear guideline for decision-making and action by management executives and employees, enabling them to easily comprehend and make timely and appropriate decisions and actions during the COVID-19 pandemic before the situation got worse, and leading to a positive financial outcome. The research findings are beneficial for corporate survival. No previous studies have conducted a comparative analysis of corporate philosophy expression and financial performance. Consequently, the research project is distinctive and pioneering.","PeriodicalId":237721,"journal":{"name":"Proceedings of the International Conference on Applied Research in Management, Economics and Accounting","volume":" 27","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141368416","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}
Pub Date : 2018-09-26DOI: 10.33422/IARMEA.2018.09.24
T. Zhghenti
{"title":"Trust as Accelerator of Informal Institutions (The case of Georgian Economy)","authors":"T. Zhghenti","doi":"10.33422/IARMEA.2018.09.24","DOIUrl":"https://doi.org/10.33422/IARMEA.2018.09.24","url":null,"abstract":"","PeriodicalId":237721,"journal":{"name":"Proceedings of the International Conference on Applied Research in Management, Economics and Accounting","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132938602","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}
Pub Date : 2018-09-26DOI: 10.33422/iarmea.2018.09.25
E. Tanius
Employee retention (ER) has become the primary concern of organizations regardless of any industry and countries. The prosperous and the sustainability of the organization very much depend on the ability to retain their talented employees. Hence, this study attempts to understand the role of communication satisfaction (CS), procedural justice (PJ), and organizational citizenship behaviors (OCB) in employee retention. Furthermore, the study would like to identify if ER relates to the dependent variables. 195 academicians in a private university in Selangor, Malaysia joined in this survey. The variables in the questionnaire adapted from previous related studies and simple random sampling used to select the respondent. Meanwhile, the Structural Equation Modelling using a Partial Least Squares (PLS) approach uses as the method of analyzing data. Furthermore, a bootstrapping procedure with 1000 resamples was run to generate the t-values in order to estimate the structural model. The result indicated that CS and PJ influence ER and the bootstrapping analysis showed that there is an indirect effect between CS and ER as well as between PJ and ER. Thus the study recommended that employers must support and practice CS and PJ in the work environment. As a result, the relationship becomes closer and subsequently reduces the likelihood of employees to leave the organization.
{"title":"Employee Retention: Role of Communication Satisfaction, Procedural of Justice, And Organizational Citizenship Behaviors in A Private Higher Learning Institution in Malaysia","authors":"E. Tanius","doi":"10.33422/iarmea.2018.09.25","DOIUrl":"https://doi.org/10.33422/iarmea.2018.09.25","url":null,"abstract":"Employee retention (ER) has become the primary concern of organizations regardless of any industry and countries. The prosperous and the sustainability of the organization very much depend on the ability to retain their talented employees. Hence, this study attempts to understand the role of communication satisfaction (CS), procedural justice (PJ), and organizational citizenship behaviors (OCB) in employee retention. Furthermore, the study would like to identify if ER relates to the dependent variables. 195 academicians in a private university in Selangor, Malaysia joined in this survey. The variables in the questionnaire adapted from previous related studies and simple random sampling used to select the respondent. Meanwhile, the Structural Equation Modelling using a Partial Least Squares (PLS) approach uses as the method of analyzing data. Furthermore, a bootstrapping procedure with 1000 resamples was run to generate the t-values in order to estimate the structural model. The result indicated that CS and PJ influence ER and the bootstrapping analysis showed that there is an indirect effect between CS and ER as well as between PJ and ER. Thus the study recommended that employers must support and practice CS and PJ in the work environment. As a result, the relationship becomes closer and subsequently reduces the likelihood of employees to leave the organization.","PeriodicalId":237721,"journal":{"name":"Proceedings of the International Conference on Applied Research in Management, Economics and Accounting","volume":"85 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132745721","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}
Pub Date : 2018-09-20DOI: 10.33422/IARMEA.2018.09.23
Marinela Selmanaj
{"title":"Typology of Online Tourist Information Search Strategies","authors":"Marinela Selmanaj","doi":"10.33422/IARMEA.2018.09.23","DOIUrl":"https://doi.org/10.33422/IARMEA.2018.09.23","url":null,"abstract":"","PeriodicalId":237721,"journal":{"name":"Proceedings of the International Conference on Applied Research in Management, Economics and Accounting","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129546115","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}
Pub Date : 2018-09-19DOI: 10.33422/IARMEA.2018.09.22
Erekle Zarandia
The article identifies and analyzes the problems of local self-government bodies of the Samegrelo-Upper Svaneti region of Georgia. The main problems of local authorities are: low financial opportunities, distrust of the population to the authorities, a narrow base of their own income and a very weak connection with the local population. Purpose of the study is to identify opportunities and ways to solve the problems of local self-government to ensure the successful socio-economic development of the Samegrelo-Upper Svaneti region. The research method is based on the use of the conclusions of the installation Theory of Set (attitude) (D. Uznadze, 1949). To identify opportunities for expanding the self-government's own income, the following surveys, interviews and questionnaires were conducted with the local population in 08. 2018-08. 2019. The results were processed by the SPSS computer program. 402 local residents of cities and villages of the Samegrelo-Upper Svaneti region participated in the survey and questionnaire. Analyzing the data obtained, we were able to draw the following conclusions: public confidence in the institution of local self-government of the is very low. This leads to unsatisfactory self-organization of the population. Population activity could ensure citizens' participation in solving local development problems, but this is not happening yet: despite mistrust of local authorities, the population nevertheless showed a willingness to pay local taxes: we are considering the possibility of collecting payments (within reasonable limits) as a way to stimulate communication population with local government. To increase confidence in the municipal government, it is necessary to stimulate the attitude of citizens towards control over local self-government, which will also ensure self-organization of the population. Assistance in the development of forms of self-organization of the population and tools for managing local self-government should become an important part of the regional economic policy of the state. In this regard, it is necessary to expand and clarify the motivation of the local population of the Samegrelo-Upper Svaneti region.A survey of the local population of Samegrelo-Upper Svaneti showed that the majority of citizens are willing to pay in order to increase local incomes. In the interests of local authorities and the entire population and, if possible, to control the purposefulness of the use of payments, citizens are ready to participate in the economic development of the region. The highest level of willingness to pay for services is observed in cities, where the living standards and incomes of the population are much higher than in villages, where the same indicators are lower: there is a positive relationship between the willingness to pay local taxes and payments depending on age, level of education, employment and permanent residence: the highest level of willingness to pay contributions is found by those respo
{"title":"Expansion of Capacity Development of Local Self-Government in Georgia","authors":"Erekle Zarandia","doi":"10.33422/IARMEA.2018.09.22","DOIUrl":"https://doi.org/10.33422/IARMEA.2018.09.22","url":null,"abstract":"The article identifies and analyzes the problems of local self-government bodies of the Samegrelo-Upper Svaneti region of Georgia. The main problems of local authorities are: low financial opportunities, distrust of the population to the authorities, a narrow base of their own income and a very weak connection with the local population. Purpose of the study is to identify opportunities and ways to solve the problems of local self-government to ensure the successful socio-economic development of the Samegrelo-Upper Svaneti region. The research method is based on the use of the conclusions of the installation Theory of Set (attitude) (D. Uznadze, 1949). To identify opportunities for expanding the self-government's own income, the following surveys, interviews and questionnaires were conducted with the local population in 08. 2018-08. 2019. The results were processed by the SPSS computer program. 402 local residents of cities and villages of the Samegrelo-Upper Svaneti region participated in the survey and questionnaire. Analyzing the data obtained, we were able to draw the following conclusions: public confidence in the institution of local self-government of the is very low. This leads to unsatisfactory self-organization of the population. Population activity could ensure citizens' participation in solving local development problems, but this is not happening yet: despite mistrust of local authorities, the population nevertheless showed a willingness to pay local taxes: we are considering the possibility of collecting payments (within reasonable limits) as a way to stimulate communication population with local government. To increase confidence in the municipal government, it is necessary to stimulate the attitude of citizens towards control over local self-government, which will also ensure self-organization of the population. Assistance in the development of forms of self-organization of the population and tools for managing local self-government should become an important part of the regional economic policy of the state. In this regard, it is necessary to expand and clarify the motivation of the local population of the Samegrelo-Upper Svaneti region.A survey of the local population of Samegrelo-Upper Svaneti showed that the majority of citizens are willing to pay in order to increase local incomes. In the interests of local authorities and the entire population and, if possible, to control the purposefulness of the use of payments, citizens are ready to participate in the economic development of the region. The highest level of willingness to pay for services is observed in cities, where the living standards and incomes of the population are much higher than in villages, where the same indicators are lower: there is a positive relationship between the willingness to pay local taxes and payments depending on age, level of education, employment and permanent residence: the highest level of willingness to pay contributions is found by those respo","PeriodicalId":237721,"journal":{"name":"Proceedings of the International Conference on Applied Research in Management, Economics and Accounting","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121026976","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}
Pub Date : 2018-09-18DOI: 10.33422/IARMEA.2018.09.21
Vakhtang Chkareuli
Nowadays, we live in the most prosperous era of humanity, what to a large extent is caused by advancing economic freedom. Policies that promote economic freedom through different channels, create an environment in which people are encouraged and trusted to develop practical solutions to the economic and social challenges. Economic freedom is critical to generating broader-based economic growth that brings more opportunities for a greater number of people to work, produce more and save for the future. Ensuring greater economic freedom is directly related to preserving and enhancing dynamic upward mobility. Economic freedom index, which is yearly published by Heritage Foundation is based on the key aspects of free-market economy. It gathers them into four main categories: rule of law, government size, regulatory efficiency and open markets. All of the four above mentioned categories cover different topics and indexes like property rights, tax burden, government spending, labor freedom, trade freedom etc. In this paper, we are going to assess those ingredients of economic freedom index and analyse which of them influence the country’s economy the most. Empirical study will be made on the example of emerging economies.
{"title":"Which Factors of Economic Freedom Matter the Most – Case Study on the Example of Emerging Economics","authors":"Vakhtang Chkareuli","doi":"10.33422/IARMEA.2018.09.21","DOIUrl":"https://doi.org/10.33422/IARMEA.2018.09.21","url":null,"abstract":"Nowadays, we live in the most prosperous era of humanity, what to a large extent is caused by advancing economic freedom. Policies that promote economic freedom through different channels, create an environment in which people are encouraged and trusted to develop practical solutions to the economic and social challenges. Economic freedom is critical to generating broader-based economic growth that brings more opportunities for a greater number of people to work, produce more and save for the future. Ensuring greater economic freedom is directly related to preserving and enhancing dynamic upward mobility. Economic freedom index, which is yearly published by Heritage Foundation is based on the key aspects of free-market economy. It gathers them into four main categories: rule of law, government size, regulatory efficiency and open markets. All of the four above mentioned categories cover different topics and indexes like property rights, tax burden, government spending, labor freedom, trade freedom etc. In this paper, we are going to assess those ingredients of economic freedom index and analyse which of them influence the country’s economy the most. Empirical study will be made on the example of emerging economies.","PeriodicalId":237721,"journal":{"name":"Proceedings of the International Conference on Applied Research in Management, Economics and Accounting","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116777669","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}
Pub Date : 2018-09-17DOI: 10.33422/IARMEA.2018.09.20
A. F. M. Moshiur Rahman
The effects of bank competition on the cost of credit are a much-debated topic in Small and Medium enterprises financing. In this paper, we would like to examine the relationship between the cost of credit and interbank-competition in the context of Visegrad countries the Czech Republic, Poland, Hungary, and the Slovak Republic. The dataset of this paper comes from two different sources, the firm level data provided by the latest version of the Business Environment and Enterprise Performance Survey that was conducted by the European Bank for Reconstruction and Development and the World Bank during 2012 to 2014, and the country level bank competition measures are collected from the Global Financial Database, updated in 2017 [3]. We have examined bank competition with four measures, including structural bank concentration measure and three nonstructural (Lerner Index, H-Statistics, and Boone Index) measures. We find evidence that bank competition has a positive effect on the cost of credit and hence, our results are in-line with prior literature on information-based theories of bank competition. We have also assessed the firms in terms of their information opacity (micro, small, and medium), and we find that the cost of credit is higher for the information opaque firms. Thus, firm sizes have important implications for bank competition and cost of credit.
{"title":"The Effect of Bank Competition on Cost of Credit: Empirical Evidence from the Visegrad Countries","authors":"A. F. M. Moshiur Rahman","doi":"10.33422/IARMEA.2018.09.20","DOIUrl":"https://doi.org/10.33422/IARMEA.2018.09.20","url":null,"abstract":"The effects of bank competition on the cost of credit are a much-debated topic in Small and Medium enterprises financing. In this paper, we would like to examine the relationship between the cost of credit and interbank-competition in the context of Visegrad countries the Czech Republic, Poland, Hungary, and the Slovak Republic. The dataset of this paper comes from two different sources, the firm level data provided by the latest version of the Business Environment and Enterprise Performance Survey that was conducted by the European Bank for Reconstruction and Development and the World Bank during 2012 to 2014, and the country level bank competition measures are collected from the Global Financial Database, updated in 2017 [3]. We have examined bank competition with four measures, including structural bank concentration measure and three nonstructural (Lerner Index, H-Statistics, and Boone Index) measures. We find evidence that bank competition has a positive effect on the cost of credit and hence, our results are in-line with prior literature on information-based theories of bank competition. We have also assessed the firms in terms of their information opacity (micro, small, and medium), and we find that the cost of credit is higher for the information opaque firms. Thus, firm sizes have important implications for bank competition and cost of credit.","PeriodicalId":237721,"journal":{"name":"Proceedings of the International Conference on Applied Research in Management, Economics and Accounting","volume":"72 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114733741","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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