Arif Widyatama, Dian Agustia, Ardianto Ardianto, Noorlailie Soewarno
This study is to examine the effect of integrated reporting and environmental reputation on the comprehensive decision-making by non-professional investors. Specifically, this study examines the process investors use to make comprehensive decisions (i.e. acquisition, evaluation, weighting, and judgment) when seeing information about companies’ integrated reporting and environmental reputations. We use a web-based experiment, or 2x3 between-subjects design, to investigate whether companies’ integrated reporting and environmental reputations have any influence on non-professional investors’ comprehensive decision making. 157 participant randomly selected students to serve as surrogate investors in this experiment. The data obtained were then tested using ANOVA and followed by a post hoc test. The findings show that companies that provide integrated reporting and have an environmental reputation make it easier for non-professional investors to make comprehensive decisions. Research on integrated reporting is scarce. There has been some research on the relationship between integrated reporting and investment decision making, but the environmental reputation of the relationship between integrated reporting and investment decisions has not been extensively explored. In fact, environmental issues are global issues. Furthermore, we argue that this research is very important to be carried out in Indonesia, considering that the arrangements regarding the presentation of various information can be carried out in an integrated or separate manner. This study can provide suggestions for regulators about the importance of regulations regarding the obligation to present financial and non-financial information in an integrated manner.
{"title":"EFFECT OF INTEGRATED REPORTING AND ENVIRONMENTAL REPUTATION ON COMPREHENSIVE DECISION-MAKING NON-PROFESSIONAL INVESTORS","authors":"Arif Widyatama, Dian Agustia, Ardianto Ardianto, Noorlailie Soewarno","doi":"10.3846/btp.2023.18537","DOIUrl":"https://doi.org/10.3846/btp.2023.18537","url":null,"abstract":"This study is to examine the effect of integrated reporting and environmental reputation on the comprehensive decision-making by non-professional investors. Specifically, this study examines the process investors use to make comprehensive decisions (i.e. acquisition, evaluation, weighting, and judgment) when seeing information about companies’ integrated reporting and environmental reputations. We use a web-based experiment, or 2x3 between-subjects design, to investigate whether companies’ integrated reporting and environmental reputations have any influence on non-professional investors’ comprehensive decision making. 157 participant randomly selected students to serve as surrogate investors in this experiment. The data obtained were then tested using ANOVA and followed by a post hoc test. The findings show that companies that provide integrated reporting and have an environmental reputation make it easier for non-professional investors to make comprehensive decisions. Research on integrated reporting is scarce. There has been some research on the relationship between integrated reporting and investment decision making, but the environmental reputation of the relationship between integrated reporting and investment decisions has not been extensively explored. In fact, environmental issues are global issues. Furthermore, we argue that this research is very important to be carried out in Indonesia, considering that the arrangements regarding the presentation of various information can be carried out in an integrated or separate manner. This study can provide suggestions for regulators about the importance of regulations regarding the obligation to present financial and non-financial information in an integrated manner.","PeriodicalId":40066,"journal":{"name":"Business: Theory and Practice","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135870126","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 article summarizes the arguments and counterarguments about the features of the formation of competitive advantages in the Ukrainian market of services on the example of consulting for the period 2010–2021. According to the results of the analysis and generalization, the author’s understanding of the concept of “competitive advantages”, the factors of their formation presented. The article describes the interconnection of competitive strategies with the process of forming competitive advantages. The process of economic analysis revealed the immaturity of the consulting market in Ukraine and its institutional vulnerability. The reasons for the instability of demand for consulting services described. The leadership matrix for Ukrainian consulting companies built in accordance with the typology of competitive strategies F. Kotler. The analysis revealed an updated list of competitive advantages of companies that formed under the influence of the Covid-19 pandemic and martial law in Ukraine. It proved that the main advantage of companies is the competence of consultants. Recommendations for the development of consulting companies in Ukraine and strengthening their competitive advantages, taking into account the construction of an effective marketing management system and use the consulting service standard. The research results can be useful for consulting companies wishing to improve their competitiveness and to expand the segment of their services in the market.
{"title":"COMPETITIVE ADVANTAGES IN THE MARKET OF CONSULTING SERVICES: MARKETING ASPECT","authors":"Natalia Yevtushenko, Andriy Fedorchenko","doi":"10.3846/btp.2023.15291","DOIUrl":"https://doi.org/10.3846/btp.2023.15291","url":null,"abstract":"The article summarizes the arguments and counterarguments about the features of the formation of competitive advantages in the Ukrainian market of services on the example of consulting for the period 2010–2021. According to the results of the analysis and generalization, the author’s understanding of the concept of “competitive advantages”, the factors of their formation presented. The article describes the interconnection of competitive strategies with the process of forming competitive advantages. The process of economic analysis revealed the immaturity of the consulting market in Ukraine and its institutional vulnerability. The reasons for the instability of demand for consulting services described. The leadership matrix for Ukrainian consulting companies built in accordance with the typology of competitive strategies F. Kotler. The analysis revealed an updated list of competitive advantages of companies that formed under the influence of the Covid-19 pandemic and martial law in Ukraine. It proved that the main advantage of companies is the competence of consultants. Recommendations for the development of consulting companies in Ukraine and strengthening their competitive advantages, taking into account the construction of an effective marketing management system and use the consulting service standard. The research results can be useful for consulting companies wishing to improve their competitiveness and to expand the segment of their services in the market.","PeriodicalId":40066,"journal":{"name":"Business: Theory and Practice","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135863570","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 COVID-19 pandemic has caused a significant worldwide decrease in the number of passengers using bus transport in recent years. This phenomenon was caused by travelers’ fears of this disease, and at the same time, people started working from home. The aim of the paper is to analyze the importance of marketing and marketing strategies for bus companies. From our point of view, marketing is a tool for making bus transport more attractive for passengers. For the purposes of this post, we focus on customer perceptions of marketing and marketing strategies. We found that customers prefer Internet advertising the most, and the second most preferred type of advertising is print advertising. Their proposals in the subject area are also based on other findings that we dealt with in the survey. We investigated the motivation of passengers to use public transport, their opinion about the transport company in the Zilina region, and whether they use modern tools such as e-shops, virtual cards, and similar. As part of the papers processing, we used the questionnaire survey method, conducted a statistical evaluation of established hypotheses, and conducted a structured interview with the management of the bus company. From our point of view, it is marketing based on managerial experience and customer preferences that can be beneficial for the overall attractiveness of bus transport and, at the same time, significantly contribute to increasing the competitiveness of these businesses.
{"title":"SELECTED ASPECTS OF THE MARKETING OF BUS TRANSPORT COMPANIES DURING COVID-19","authors":"Eva Kicova, Olga Ponisciakova, Zuzana Rosnerova","doi":"10.3846/btp.2023.18964","DOIUrl":"https://doi.org/10.3846/btp.2023.18964","url":null,"abstract":"The COVID-19 pandemic has caused a significant worldwide decrease in the number of passengers using bus transport in recent years. This phenomenon was caused by travelers’ fears of this disease, and at the same time, people started working from home. The aim of the paper is to analyze the importance of marketing and marketing strategies for bus companies. From our point of view, marketing is a tool for making bus transport more attractive for passengers. For the purposes of this post, we focus on customer perceptions of marketing and marketing strategies. We found that customers prefer Internet advertising the most, and the second most preferred type of advertising is print advertising. Their proposals in the subject area are also based on other findings that we dealt with in the survey. We investigated the motivation of passengers to use public transport, their opinion about the transport company in the Zilina region, and whether they use modern tools such as e-shops, virtual cards, and similar. As part of the papers processing, we used the questionnaire survey method, conducted a statistical evaluation of established hypotheses, and conducted a structured interview with the management of the bus company. From our point of view, it is marketing based on managerial experience and customer preferences that can be beneficial for the overall attractiveness of bus transport and, at the same time, significantly contribute to increasing the competitiveness of these businesses.","PeriodicalId":40066,"journal":{"name":"Business: Theory and Practice","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135249122","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 purpose of this article is to identify environmental protection projects for priority impact investing on the example of the future post-war reconstruction of Ukraine. To evaluate priorities, it is proposed to use the results of a survey of ten independent experts in the field of environmental projects and ecology, belonging to the public, private and non-profit sectors of Ukraine. The survey includes an assessment of environmental protection projects based on the importance and effectiveness of their impact, the characteristics of stakeholders, the duration and risks of the projects, their contribution to the environment and sustainable development. The obtained scores are ranked based on the criteria of Laplace, Wald, Hurwitz, Savage, and Bord and Condorcet rules. In accordance with this, the most priority projects for impact investing are environmental protection projects aimed at land reclamation, conservation and protection, forest restoration, implementation of the national system of trading quotas for greenhouse gas emissions, and eco-modernization of industrial and infrastructural enterprises. This indicates the need for a comprehensive multi-vector approach to the selection of priority areas for impact investing. The lessons learned will be useful for the effective direction or selection of investment projects, their forecasting and analysis.
{"title":"PRIORITIES OF IMPACT INVESTING IN ENVIRONMENTAL PROTECTION PROJECTS: THE CASE OF THE FUTURE POST-WAR RECONSTRUCTION OF UKRAINE","authors":"Oleksandra Rieznyk, Alla Treus, Serhiy Kozmenko","doi":"10.3846/btp.2023.18020","DOIUrl":"https://doi.org/10.3846/btp.2023.18020","url":null,"abstract":"The purpose of this article is to identify environmental protection projects for priority impact investing on the example of the future post-war reconstruction of Ukraine. To evaluate priorities, it is proposed to use the results of a survey of ten independent experts in the field of environmental projects and ecology, belonging to the public, private and non-profit sectors of Ukraine. The survey includes an assessment of environmental protection projects based on the importance and effectiveness of their impact, the characteristics of stakeholders, the duration and risks of the projects, their contribution to the environment and sustainable development. The obtained scores are ranked based on the criteria of Laplace, Wald, Hurwitz, Savage, and Bord and Condorcet rules. In accordance with this, the most priority projects for impact investing are environmental protection projects aimed at land reclamation, conservation and protection, forest restoration, implementation of the national system of trading quotas for greenhouse gas emissions, and eco-modernization of industrial and infrastructural enterprises. This indicates the need for a comprehensive multi-vector approach to the selection of priority areas for impact investing. The lessons learned will be useful for the effective direction or selection of investment projects, their forecasting and analysis.","PeriodicalId":40066,"journal":{"name":"Business: Theory and Practice","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135718995","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}
Managing performance is quite easy, but sustaining that performance is the real challenge for organizations in the 21st century. Hence, the research’s main objective is to examine the impact of high-performance work system on sustainable organizational success in small and medium business (SMEs). Moreover, for global business organizations to succeed innovation must be involved. Therefore, the study is mediated by the Innovative work behaviour. Data were obtained among 820 SME employees in Nigeria. The Analysis used Partial Least Square (PLS) to check the hypothesis. In order to introduce creativity or inspire workers to behave innovatively in the workplace, they need a sense of well-being to actively engage employee organisations. This research will allow managers to agree to invest in workers so that employees work successfully and display creative actions in order to achieve sustainable organisation. This study adds to the scientific management literature by exploring the phenomena sustainable lens innovation and high-performance work by the SMEs in concurrently improve innovation-specific skills, inspiration, and voice habits across employees, resulting in higher innovation efficiency.
{"title":"HIGH-PERFORMANCE WORK SYSTEM ON SUSTAINABLE ORGANIZATIONS PERFORMANCE IN SMES","authors":"Anthony Abiodun Eniola, Zhaxat Kenzhin, Ledwin Chimwai, Gaukhar Kairliyeva, Mercy Modupe Adeyeye, Clainos Chidoko, Munyaradzi Mutsikiwa","doi":"10.3846/btp.2023.17342","DOIUrl":"https://doi.org/10.3846/btp.2023.17342","url":null,"abstract":"Managing performance is quite easy, but sustaining that performance is the real challenge for organizations in the 21st century. Hence, the research’s main objective is to examine the impact of high-performance work system on sustainable organizational success in small and medium business (SMEs). Moreover, for global business organizations to succeed innovation must be involved. Therefore, the study is mediated by the Innovative work behaviour. Data were obtained among 820 SME employees in Nigeria. The Analysis used Partial Least Square (PLS) to check the hypothesis. In order to introduce creativity or inspire workers to behave innovatively in the workplace, they need a sense of well-being to actively engage employee organisations. This research will allow managers to agree to invest in workers so that employees work successfully and display creative actions in order to achieve sustainable organisation. This study adds to the scientific management literature by exploring the phenomena sustainable lens innovation and high-performance work by the SMEs in concurrently improve innovation-specific skills, inspiration, and voice habits across employees, resulting in higher innovation efficiency.","PeriodicalId":40066,"journal":{"name":"Business: Theory and Practice","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135886348","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}
Hassan Hamad Aldboush, Nashat Ali Almasria, Marah Ferdous
This paper examines the financial factors affecting profitability across the listed Jordanian service companies. Insufficient attention has been paid to the influence of profitability specifically revealed by financial indicators. This study adopts the firm effect model. The investigation is established on panel data from 2015 to 2020, based on annual company reports. Regression was used to test the study hypotheses. The research sample is collected from the 46 public service firms listed. The profitability of Jordan’s service firms is measured by three proxies, including, Return on Equity (ROE), Earnings Per Share (EPS) and Return on Assets (ROA). The results reveal that firm size and liquidity positively and significantly impact profitability. Conversely, the findings verify that company efficiency and market power have no significant impact on profitability. Moreover, among Jordan’s service firms’ financial indicators, the findings confirm that neither firm nor sales growth have a significant influence on profitability, while sustainable growth rate has a positive, significant effect on profitability. The firm effects are higher for ROE than ROA and EPS. The study provides beneficial insights for managers and investors by providing effective policies designed to improve profitability. The results also provide shareholders with statistics that will ensure the profitability of companies operating in developing countries, such as Jordan.
{"title":"DETERMINANTS OF FIRM PROFITABILITY: EMPIRICAL EVIDENCE FROM JORDAN’S SERVICE SECTOR","authors":"Hassan Hamad Aldboush, Nashat Ali Almasria, Marah Ferdous","doi":"10.3846/btp.2023.18623","DOIUrl":"https://doi.org/10.3846/btp.2023.18623","url":null,"abstract":"This paper examines the financial factors affecting profitability across the listed Jordanian service companies. Insufficient attention has been paid to the influence of profitability specifically revealed by financial indicators. This study adopts the firm effect model. The investigation is established on panel data from 2015 to 2020, based on annual company reports. Regression was used to test the study hypotheses. The research sample is collected from the 46 public service firms listed. The profitability of Jordan’s service firms is measured by three proxies, including, Return on Equity (ROE), Earnings Per Share (EPS) and Return on Assets (ROA). The results reveal that firm size and liquidity positively and significantly impact profitability. Conversely, the findings verify that company efficiency and market power have no significant impact on profitability. Moreover, among Jordan’s service firms’ financial indicators, the findings confirm that neither firm nor sales growth have a significant influence on profitability, while sustainable growth rate has a positive, significant effect on profitability. The firm effects are higher for ROE than ROA and EPS. The study provides beneficial insights for managers and investors by providing effective policies designed to improve profitability. The results also provide shareholders with statistics that will ensure the profitability of companies operating in developing countries, such as Jordan.","PeriodicalId":40066,"journal":{"name":"Business: Theory and Practice","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136024313","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}
Ali Imran, Ali Sufyan, Ayesha Tajammul, Beáta Gavurová, Petr Novák
In 2020, the COVID-19 pandemic disturbed the world's Agri-businesses. Several economies are attempting to demonstrate attempts to maintain agribusiness, the agriculture industry, and marketplaces, but distribution networks, access to markets, and affordable farm goods are still vulnerable. The poor and various disempowered populations, particularly those with lower buying power, have been harmed by the COVID-19 outbreak. This study examines the productivity of Central Europe's agricultural SMEs during the COVID-19 pandemic. A predictive model between independent and dependent factors was used to determine and forecast the index or risk for future agricultural SMEs' functioning. The Central European agricultural SMEs' performance indicators were used, such as agricultural output, production of agriculture goods and services, vegetable and horticultural products, fixed capital consumption, agriculture determinants' actual income index, absolute net agriculture business income index, and net agricultural entrepreneurial income. Our results reveal pre and post-COVID-19 agribusiness analyses and their implications for food distribution and sustainability. Our findings also revealed a widespread influence of COVID-19 on Central European areas. The study findings can help agricultural enterprises and policymakers manage the COVID-19 outbreak by providing essential recommendations and consequences.
{"title":"AN ECONOMIC PROGNOSTIC STUDY TO EXAMINE THE PRODUCTIVITY OF AGRICULTURAL SMES OF CENTRAL EUROPE DURING THE COVID-19 CRISIS","authors":"Ali Imran, Ali Sufyan, Ayesha Tajammul, Beáta Gavurová, Petr Novák","doi":"10.3846/btp.2023.17548","DOIUrl":"https://doi.org/10.3846/btp.2023.17548","url":null,"abstract":"In 2020, the COVID-19 pandemic disturbed the world's Agri-businesses. Several economies are attempting to demonstrate attempts to maintain agribusiness, the agriculture industry, and marketplaces, but distribution networks, access to markets, and affordable farm goods are still vulnerable. The poor and various disempowered populations, particularly those with lower buying power, have been harmed by the COVID-19 outbreak. This study examines the productivity of Central Europe's agricultural SMEs during the COVID-19 pandemic. A predictive model between independent and dependent factors was used to determine and forecast the index or risk for future agricultural SMEs' functioning. The Central European agricultural SMEs' performance indicators were used, such as agricultural output, production of agriculture goods and services, vegetable and horticultural products, fixed capital consumption, agriculture determinants' actual income index, absolute net agriculture business income index, and net agricultural entrepreneurial income. Our results reveal pre and post-COVID-19 agribusiness analyses and their implications for food distribution and sustainability. Our findings also revealed a widespread influence of COVID-19 on Central European areas. The study findings can help agricultural enterprises and policymakers manage the COVID-19 outbreak by providing essential recommendations and consequences.","PeriodicalId":40066,"journal":{"name":"Business: Theory and Practice","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136024598","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 purpose of this document is to present the way forward to finalize the debate related to the link between Corporate Social Performance – Corporate Financial Performance. The discussion and proposal of 7 elements were developed that allow proposing a new methodological path for the development of empirical investigations that seek to explain the link between the Corporate Social Performance – Corporate Financial Performance. After the theoretical review, it was found that the most relevant changes were associated with the level of maturity of the Corporate Social Performance, micro-foundations approach, mediating variables, structural equation models, primary sources, and delimitation of the short, medium, and long term on the analysis.
{"title":"TOWARD THE END OF THE CORPORATE SOCIAL PERFORMANCE – CORPORATE FINANCIAL PERFORMANCE DEBATE","authors":"Luis Soriano, Carlos Fong","doi":"10.3846/btp.2023.16688","DOIUrl":"https://doi.org/10.3846/btp.2023.16688","url":null,"abstract":"The purpose of this document is to present the way forward to finalize the debate related to the link between Corporate Social Performance – Corporate Financial Performance. The discussion and proposal of 7 elements were developed that allow proposing a new methodological path for the development of empirical investigations that seek to explain the link between the Corporate Social Performance – Corporate Financial Performance. After the theoretical review, it was found that the most relevant changes were associated with the level of maturity of the Corporate Social Performance, micro-foundations approach, mediating variables, structural equation models, primary sources, and delimitation of the short, medium, and long term on the analysis.","PeriodicalId":40066,"journal":{"name":"Business: Theory and Practice","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42472749","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}
Rahmawati Haji-Seseang, A. Habbe, Syarifuddin Rasyid, N. Nirwana
The validity of the use of financial statements as a source of information for detecting financial distress is questionable because of the opportunistic behaviour of the company’s management. This study aims to analyse the effect of accrual earnings management, real earnings management, and family control on the Z-score financial distress prediction. Using the sample that includes 372 firm years of observations for the 2017 to 2019 periods listed on the Indonesia Stock Exchange, this study found that accrual earnings management, real earnings management, and family control variables affect the Z-score financial distress prediction and cause a higher probability for the company to be in the category of better financial condition. The novelty of this study lies in earnings management and family control as factors that affect the category of assessment and the probability of assessing the company’s financial condition as a better company. Empirical evidence from this study is important for investors and company creditors, as input to consider these factors in using the company’s financial distress prediction model. For standard setters, the results of this study can be used as input for establishing corporate governance design rules to improve the quality of financial information.
{"title":"THE EFFECT ANALYSIS OF EARNING MANAGEMENT AND FAMILY CONTROL ON THE Z-SCORE MODEL OF FINANCIAL DISTRESS PREDICTION","authors":"Rahmawati Haji-Seseang, A. Habbe, Syarifuddin Rasyid, N. Nirwana","doi":"10.3846/btp.2023.18123","DOIUrl":"https://doi.org/10.3846/btp.2023.18123","url":null,"abstract":"The validity of the use of financial statements as a source of information for detecting financial distress is questionable because of the opportunistic behaviour of the company’s management. This study aims to analyse the effect of accrual earnings management, real earnings management, and family control on the Z-score financial distress prediction. Using the sample that includes 372 firm years of observations for the 2017 to 2019 periods listed on the Indonesia Stock Exchange, this study found that accrual earnings management, real earnings management, and family control variables affect the Z-score financial distress prediction and cause a higher probability for the company to be in the category of better financial condition. The novelty of this study lies in earnings management and family control as factors that affect the category of assessment and the probability of assessing the company’s financial condition as a better company. Empirical evidence from this study is important for investors and company creditors, as input to consider these factors in using the company’s financial distress prediction model. For standard setters, the results of this study can be used as input for establishing corporate governance design rules to improve the quality of financial information.","PeriodicalId":40066,"journal":{"name":"Business: Theory and Practice","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48787906","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 study aims to analyze the effects of inhibiting factors (i.e., habits, skepticism, and lack of availability) and green knowledge on the purchasing behavior of environmentally friendly products. This research also explains the moderating effect of green knowledge on the relationship between the inhibiting factors of green product purchasing behavior and green product purchasing behavior. Prior studies have not investigated the moderating effect of green knowledge on the relationships between the inhibiting factors and green product purchases. Data was generated through a cross-sectional survey of 743 residents throughout Indonesia and analyzed by Partial Least Squares (PLS) as a variance-based technique for Structural Equation Modeling (SEM). The results demonstrate that green knowledge is crucial in affecting eco-friendly product purchasing decisions and consumers’ habits inhibit their decisions to purchase eco-friendly products. However, when moderated by better green knowledge, consumers who are not accustomed to purchasing eco-friendly products are more likely to make actual green product purchases. Further, the lack of green product availability demotivates consumers with higher green knowledge to purchase green products. This study offers practical implications for business actors by highlighting the importance of educating consumers on the positive environmental impacts of consuming green products and providing environmentally friendly products.
{"title":"THE INHIBITING FACTORS OF GREEN PRODUCT PURCHASING BEHAVIOR: GREEN KNOWLEDGE AS A MODERATING EFFECT","authors":"Yunita Budi, Rahayu Silintowe, Made Sukresna","doi":"10.3846/btp.2023.17877","DOIUrl":"https://doi.org/10.3846/btp.2023.17877","url":null,"abstract":"This study aims to analyze the effects of inhibiting factors (i.e., habits, skepticism, and lack of availability) and green knowledge on the purchasing behavior of environmentally friendly products. This research also explains the moderating effect of green knowledge on the relationship between the inhibiting factors of green product purchasing behavior and green product purchasing behavior. Prior studies have not investigated the moderating effect of green knowledge on the relationships between the inhibiting factors and green product purchases. Data was generated through a cross-sectional survey of 743 residents throughout Indonesia and analyzed by Partial Least Squares (PLS) as a variance-based technique for Structural Equation Modeling (SEM). The results demonstrate that green knowledge is crucial in affecting eco-friendly product purchasing decisions and consumers’ habits inhibit their decisions to purchase eco-friendly products. However, when moderated by better green knowledge, consumers who are not accustomed to purchasing eco-friendly products are more likely to make actual green product purchases. Further, the lack of green product availability demotivates consumers with higher green knowledge to purchase green products. This study offers practical implications for business actors by highlighting the importance of educating consumers on the positive environmental impacts of consuming green products and providing environmentally friendly products.","PeriodicalId":40066,"journal":{"name":"Business: Theory and Practice","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44239736","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}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：