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SMEs perception related to their trade credit management effectiveness 中小企业的感知关系到其贸易信贷管理的有效性
4区 管理学 Q4 BUSINESS Pub Date : 2023-11-09 DOI: 10.4102/sajbm.v54i1.3831
Werner H. Otto
Purpose: To determine small and medium-sized enterprises’ (SMEs) perception related to their trade credit management effectiveness.Design/methodology/approach: Quantitative research design with purposive sampling as the sampling method, administrated to 10 450 SMEs within South Africa.Findings/results: The results indicate SMEs perceive their trade credit management as effective.Practical implications: The article reveals how SMEs perceive their trade credit management by identifying their effectiveness in managing trade credit.Originality/value: By raising awareness pertaining to SMEs’ perceptions around their trade credit management effectiveness, SMEs can become more observant of their own trade credit management effectiveness and overall finances. Thereby, SMEs’ awareness could be improved to become financially viable and, in so doing, empower SMEs to foster economic development within South Africa. Given the results revealing SMEs’ perception as effective in managing trade credit, the study adds value by providing insight as to what financial problems, apart from trade credit ineffectiveness, could contribute to their business failure. There is a need therefore to investigate why SMEs continue to fail at such high rates because of financial problems in order to determine the root causes and types of financial problems contributing to SME business failure.
目的:了解中小企业对其贸易信贷管理有效性的认知。设计/方法/方法:定量研究设计,以目的抽样为抽样方法,对南非10450家中小企业进行管理。发现/结果:结果表明中小企业认为他们的贸易信贷管理是有效的。实践启示:本文通过识别中小企业管理贸易信贷的有效性,揭示了中小企业如何看待其贸易信贷管理。独创性/价值:通过提高中小企业对其贸易信贷管理有效性的认识,中小企业可以更加注意自己的贸易信贷管理有效性和整体财务状况。因此,可以提高中小企业的认识,使其在财政上可行,从而使中小企业能够促进南非的经济发展。鉴于结果显示中小企业在管理贸易信贷方面是有效的,该研究通过洞察除了贸易信贷无效之外,哪些财务问题可能导致其业务失败而增加了价值。因此,有必要调查为什么中小企业由于财务问题而继续以如此高的比率失败,以确定导致中小企业业务失败的财务问题的根本原因和类型。
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引用次数: 0
Exploring financial literacy education strategies based on small- and micro-enterprise business practices 基于小微企业经营实践的金融素养教育策略探索
4区 管理学 Q4 BUSINESS Pub Date : 2023-11-09 DOI: 10.4102/sajbm.v54i1.3903
Lorraine E. Derbyshire, Jacobus P. Fouché, Stuart McChlery
Purpose: This study explored the nature of business practices of small- and micro-enterprises within the South African context to propose recommendations for financial literacy education strategies.Design/methodology/approach: The data collection technique used for this qualitative study included semi-structured in-depth interviews with a case study of 10 small- and micro-enterprise owners who collectively trade within five of the nine South African provinces.Findings/results: Small- and micro-enterprises do not need to differ significantly because the respective business practice themes identified are relevant within both contexts. Both category enterprises make use of a cash basis system, generally have inventory management systems in place and do not have sophisticated financial planning practices. The micro-enterprises studied do not have business plans or accurate pricing strategies and cash management is a concern. The small-enterprise participants generally did not show interest in competitors and their enterprises had more sophisticated bookkeeping practices in place than micro-enterprises.Practical implications: Financial literacy education strategies for the owners should focus on providing guidance on tax matters, significance of business plans and how to prepare them, debtors management strategies, inventory management strategies, and a basic bookkeeping system that evolves from the cash basis of accounting to the accrual basis of accounting. It should also aim to educate owners on the importance of financial planning and risk management.Originality/value: This research provides an evidence-based description of the characteristics of South African small- and micro-enterprises, which could prove valuable in developing future owner financial literacy education programmes as well as other support strategies targeted at this audience.
目的:本研究探讨南非背景下小微企业商业实践的本质,为金融素养教育策略提出建议。设计/方法/方法:本定性研究使用的数据收集技术包括对在南非9个省中的5个省进行集体贸易的10个小型和微型企业主的案例研究进行半结构化的深入访谈。发现/结果:小型和微型企业不需要有很大的不同,因为所确定的各自的商业实践主题在两种情况下都是相关的。这两类企业都采用收付实现制,一般都有库存管理系统,没有成熟的财务规划实践。所研究的微型企业没有商业计划或准确的定价策略,现金管理是一个问题。小型企业参加者一般对竞争对手不感兴趣,它们的企业比微型企业有更复杂的簿记做法。实践启示:业主的财务素养教育策略应侧重于指导税务事项、商业计划的重要性和如何编制商业计划、债务人管理策略、库存管理策略以及从会计收付实现制向权责发生制演变的基本簿记制度。它还应旨在教育业主财务规划和风险管理的重要性。原创性/价值:本研究对南非小型和微型企业的特征进行了基于证据的描述,这对于制定未来的所有者金融素养教育计划以及针对这一受众的其他支持策略可能是有价值的。
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引用次数: 0
The antecedents of patient experience of aesthetic clinic and its impact on revisit intention 美容门诊患者体验前因及其对再访意向的影响
4区 管理学 Q4 BUSINESS Pub Date : 2023-11-03 DOI: 10.4102/sajbm.v54i1.3832
Selviana Octaviani, Ferdi Antonio, Andy Andy
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引用次数: 0
Surveying the reputation-regulation interface in the SABI industry: Perspectives of private banking customers 调查SABI行业的声誉-监管界面:私人银行客户的观点
4区 管理学 Q4 BUSINESS Pub Date : 2023-10-17 DOI: 10.4102/sajbm.v54i1.3901
Samson Murimbika
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引用次数: 0
Corporate governance and performance of state-owned enterprises in a least developed economy 最不发达经济体国有企业的公司治理与绩效
4区 管理学 Q4 BUSINESS Pub Date : 2023-09-29 DOI: 10.4102/sajbm.v54i1.3827
Elias Kaunda, Theuns Pelser
Purpose: The main objective of the study was to investigate how corporate governance affects the performance of state-owned enterprises (SOEs) in a least developed economy. Design/methodology/approach: Both primary and secondary data from nine state-owned companies that operated between 2001 and 2016 were analysed in the study. The investigation used a quantitative methodology. Fixed effects, random effects and generalised method of moments (GMM) estimations were used to conduct regression analysis. Findings/results: The findings show that corporate governance characteristics affect SOE performance in a least developed economy. The performance of SOEs is influenced favourably by board structures, director tenure, reduced government ownership and leverage. Conversely, increased state ownership leads to subpar performance. The study also reveals that the presence of civil servants and directors with political affiliations in government-controlled companies has a negative effect on enterprise value. Practical implications: The use of multiple case studies to investigate SOEs in their natural setting has given some insights for both professional managers and policymakers interested in developing corporate governance frameworks to improve SOEs value in least developed economies, particularly in sub-Saharan Africa, even though the results are limited in terms of statistical generalisation because the study was based on a single country. Originality/value: The study fills a gap in the literature about how SOE performance is affected by corporate governance in least developed nations, where such research is underdeveloped.
目的:本研究的主要目的是研究最不发达经济体的公司治理如何影响国有企业的绩效。设计/方法/方法:本研究分析了2001年至2016年期间运营的9家国有企业的主要和次要数据。调查采用了定量方法。采用固定效应、随机效应和广义矩量法(GMM)估计进行回归分析。发现/结果:研究结果表明,在最不发达经济体中,公司治理特征影响国有企业绩效。国有企业的绩效受到董事会结构、董事任期、降低政府所有权和杠杆率的有利影响。相反,国家所有权的增加会导致表现欠佳。研究还发现,政府控制的公司中有政治背景的公务员和董事的存在对企业价值有负面影响。实际意义:使用多个案例研究来调查国有企业在其自然环境中的情况,为有兴趣制定公司治理框架以提高最不发达经济体(特别是撒哈拉以南非洲)国有企业价值的职业经理人和政策制定者提供了一些见解,尽管由于研究基于单个国家,结果在统计概括方面受到限制。原创性/价值:该研究填补了关于最不发达国家公司治理如何影响国有企业绩效的文献空白,在这些国家,此类研究尚不发达。
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引用次数: 0
Using trust to gain credible access to the boardroom: A methodological contribution 利用信任获得进入董事会的可靠途径:方法论上的贡献
4区 管理学 Q4 BUSINESS Pub Date : 2023-09-29 DOI: 10.4102/sajbm.v54i1.3913
Morris Mthombeni
Purpose: Researchers have found it difficult to gain access to board members to collect credible data. Acquiring such insights, however, is becoming increasingly important in view of rising numbers of corporate failures. This article is part of a broader study conducted to identify the drivers of effective board leadership in a cross section of companies in selected countries, where trust and distrust were used as the primary levers to gain credible access to board members. Design/methodology/approach: A qualitative research approach was adopted, with data collected via semi-structured interviews with 47 directors of companies in a range of countries. Findings/contribution: The data collection process was guided by nine literature-informed board access strategies designed to overcome potential barriers to structural and substantive access to credible information sharing. The board directors who were interviewed were more forthcoming upon learning that the researcher had board experience and was thus able to empathise with their own experiences. This contributed to an atmosphere of trust during the interviews. Practical implications: This paper highlights the methodological advances made in the access dimension of process studies, focusing on difficult-to-access subjects like boards of directors. Originality/value: In addition to the literature-informed board access strategies, the researcher abductively developed a methodological board access conceptual framework. This framework comprises process and empathy levers designed to enable researchers to gain surface-level, moderate-level and deep-level access to board members for the purpose of extracting progressively credible data on board processes from hard-to-access individuals.
目的:研究人员发现很难接触董事会成员来收集可信的数据。然而,鉴于越来越多的企业倒闭,获得这样的见解正变得越来越重要。本文是一项更广泛的研究的一部分,该研究旨在确定在选定国家的横截面公司中有效董事会领导的驱动因素,在这些国家中,信任和不信任被用作获得可靠的董事会成员的主要杠杆。设计/方法/方法:采用定性研究方法,通过对一系列国家的47家公司董事进行半结构化访谈收集数据。调查结果/贡献:数据收集过程以九项文献知情的董事会获取战略为指导,这些战略旨在克服结构性和实质性获取可信信息共享的潜在障碍。接受采访的董事会董事在得知研究人员有董事会经验后,更愿意直言不讳,因此能够同情他们自己的经历。这有助于在采访中营造一种信任的气氛。实践意义:本文重点介绍了过程研究在可及性维度上取得的方法论进展,重点关注董事会等难以获得的主题。原创性/价值:除了基于文献的董事会访问策略外,研究人员还溯因性地开发了方法论的董事会访问概念框架。该框架包括流程和移情杠杆,旨在使研究人员能够获得对董事会成员的表层、中层和深层访问,以便从难以访问的个人那里提取有关董事会流程的逐步可信的数据。
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引用次数: 0
Positive delay? The influence of perceived stress on active procrastination 积极的延迟吗?感知压力对主动拖延症的影响
4区 管理学 Q4 BUSINESS Pub Date : 2023-09-29 DOI: 10.4102/sajbm.v54i1.3988
Zhe Shang, Yuxin Cao, Ziyan Cui, Chenhui Zuo
Purpose: Although it is widely accepted that procrastination is counterproductive, active procrastination may be considered a constructive coping strategy in situations where work-related stress is high. Drawing upon the conservation of resource theory and the ego depletion theory, the article suggests that active procrastination can be influenced by perceived stress, mediated by ego depletion, and potentially moderated by the Big Five personality traits. Design/methodology/approach: Using hierarchical regression analysis, Hayes Process Macros, and the general path analytic framework, our hypotheses were investigated. The sample was made up of 651 Chinese civil servants. Findings/results: According to the results, ego depletion fully mediated the positive connection between perceived stress and active procrastination. Furthermore, extroversion, conscientiousness, and openness negatively moderate the link between perceived stress and ego depletion as well as mediating effect. While neuroticism exhibited a positive moderating effect. Practical implications: The findings can serve as references for civil servants and public organisations to address stress and create a more relaxed work environment. Recognising active procrastination as a potential coping strategy can help to reframe the perception of procrastination and guide organisations in supporting their employees’ wellbeing. Originality/value: This study extends comprehension of active procrastination in stressful situations and highlights the potential positive coping consequences of stress attributes. By exploring the mechanisms involved, the study sheds light on how perceived stress can influence active procrastination, with ego depletion serving as a mediating factor, which helps to explain how individuals may experience reduced self-control and subsequently engage in active procrastination as a coping strategy.
目的:尽管人们普遍认为拖延症会适得其反,但在工作压力很大的情况下,主动拖延症可能被认为是一种建设性的应对策略。根据资源守恒理论和自我耗竭理论,本文认为主动拖延症可能受到感知压力的影响,自我耗竭的调节,并可能受到五大人格特质的调节。设计/方法/方法:使用层次回归分析、Hayes过程宏和一般路径分析框架,对我们的假设进行了调查。样本由651名中国公务员组成。发现/结果:根据研究结果,自我损耗完全介导了感知压力与主动拖延之间的正相关关系。此外,外向性、严谨性和开放性负向调节压力感知与自我耗竭之间的关系,并起到中介作用。而神经质表现出正向调节作用。实际意义:研究结果可为公务员及公营机构提供参考,帮助他们纾缓压力,创造更轻松的工作环境。认识到主动拖延症是一种潜在的应对策略,有助于重塑对拖延症的看法,并指导组织支持员工的健康。原创性/价值:本研究扩展了对压力情境下主动拖延的理解,并强调了压力属性潜在的积极应对后果。通过对相关机制的探索,本研究揭示了感知压力如何影响主动拖延症,其中自我损耗是一个中介因素,这有助于解释个体如何经历自我控制能力的降低,并随后将主动拖延症作为一种应对策略。
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引用次数: 0
Predictors of business-to-business loyalty and repurchase intentions in South Africa’s concrete product market 南非混凝土产品市场中企业对企业忠诚度和回购意愿的预测因素
IF 1.3 4区 管理学 Q4 BUSINESS Pub Date : 2023-08-31 DOI: 10.4102/sajbm.v54i1.3575
Lehlohonolo A. Masitenyane, Manillal Dhurup
Purpose: Relational exchanges between buyers and sellers in business-to-business (B2B) contexts are becoming important in today’s competitive markets. With increases in the number of concrete product manufacturer-supplier (CPMs) organisations in the construction industry, customers still express dissatisfaction with supplier relationship quality. This study examined associations between relationship quality and commitment leading to customer loyalty and repurchase intention in South Africa’s concrete product market.Design/methodology/approach: Civil and building engineering contractors, are the study participants owing to their scope and size of work in Gauteng province of South Africa. Quantitative cross-sectional data collection approach was applied using self-administered structured questionnaires. Only 560 responses were received, and data were analysed using Statistical Package for Social Science (SPSS) and Analysis of Moment Structures (AMOS).Findings/results: The results revealed that CPMs relationship quality and commitment contributions do lead to customer satisfaction as precursor of loyalty and repurchase intention. Elevated satisfaction levels do accelerate the relationship between the study constructs.Practical implications: CPMs and their customers should embrace applying relational exchanges that promote long-term B2B relationships and business survival. Also, they should invest in strategies that improve customer satisfaction and eternal loyalty towards long-term B2B repurchase intention and survival.Originality/value: No study primarily in an emerging South African concrete product market examined the relationship between the study constructs and hence this study adds new insights into the existing body of knowledge relating to how CPMs’ relationship quality and commitment influence customer satisfaction, loyalty and repurchase intention.
目的:在企业对企业(B2B)环境中,买家和卖家之间的关系交换在当今竞争激烈的市场中变得越来越重要。随着建筑行业混凝土产品制造商-供应商(cpm)组织数量的增加,客户仍然对供应商关系质量表示不满。本研究考察了在南非混凝土产品市场中关系质量与承诺之间的关联,从而导致顾客忠诚和再购买意愿。设计/方法/方法:土木和建筑工程承包商是研究的参与者,因为他们在南非豪登省的工作范围和规模。采用自我管理的结构化问卷,采用定量横断面数据收集方法。仅收到560份回复,并使用社会科学统计软件包(SPSS)和矩结构分析(AMOS)对数据进行分析。发现/结果:结果显示cpm关系质量和承诺贡献确实导致顾客满意度作为忠诚和再购买意愿的先导。满意度的提高确实加速了研究结构之间的关系。实际意义:cpm和他们的客户应该拥抱应用关系交换,促进长期B2B关系和业务生存。此外,他们应该投资于提高客户满意度和永恒忠诚度的战略,以实现长期的B2B再购买意愿和生存。原创性/价值:在新兴的南非混凝土产品市场上,没有研究主要考察了研究结构之间的关系,因此,本研究为现有的知识体系增加了新的见解,这些知识体系与cpm的关系质量和承诺如何影响客户满意度、忠诚度和再购买意愿有关。
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引用次数: 0
Invoking team trust to facilitate performance management in the context of virtual teams 在虚拟团队的背景下,利用团队信任促进绩效管理
IF 1.3 4区 管理学 Q4 BUSINESS Pub Date : 2023-08-31 DOI: 10.4102/sajbm.v54i1.3823
Lutfiyya Moosa, Hayley Pearson, Morris Mthombeni
Purpose: Recent years have seen an upsurge in virtual working arrangements. However, many managers find it difficult to manage and motivate employees in the absence of face-to-face contact. Traditional, structured performance management approaches therefore need to give way to more holistic and technology-enabled approaches that are better suited to virtual work. This study set out to investigate how managers optimise the performance of virtual teams, with specific reference to the role of trust, both within and across teams. While there is growing interest in the role of trust as a driver of virtual team performance, there is insufficient convergence between the respective literatures on virtual teams, team trust and performance management, leaving a research gap.Design/methodology/approach: Semi-structured interviews were conducted with 18 middle and top managers of virtual teams who worked in large companies in South Africa. The collected data were then subject to thematic analysis.Findings/results: These included: Virtual work can lead to a work–life imbalance; a lack of human contact can strain interpersonal relationships and erode trust; and optimal performance management in a virtual context depends on a trusting environment, clear and realistic goals, ‘agile management practices’ (including coaching and frequent feedback) and appropriate technologies.Practical implications: The study provides new insights into the challenges faced by middle managers in creating trusting and performance-geared relationships with virtual team members.Originality/value: The study expands on the existing team dynamics literature while also providing a convenient conceptual framework to guide future studies on the drivers of virtual team trust and optimal performance management.
目的:近年来,虚拟工作安排激增。然而,许多管理者发现,在缺乏面对面的接触的情况下,很难管理和激励员工。因此,传统的结构化绩效管理方法需要让位于更适合虚拟工作的更全面和技术支持的方法。这项研究旨在调查管理者如何优化虚拟团队的绩效,特别是团队内部和团队之间信任的作用。尽管人们对信任作为虚拟团队绩效驱动因素的作用越来越感兴趣,但关于虚拟团队、团队信任和绩效管理的相关文献之间的趋同程度不够,留下了研究空白。设计/方法/方法:对在南非大公司工作的18名虚拟团队的中高层管理人员进行了半结构化访谈。然后对收集到的数据进行专题分析。调查结果/结果:包括:虚拟工作会导致工作与生活失衡;缺乏人际交往会使人际关系紧张,削弱信任;虚拟环境下的最佳绩效管理取决于信任的环境、明确而现实的目标、“敏捷管理实践”(包括指导和频繁的反馈)和适当的技术。实际意义:这项研究为中层管理者在与虚拟团队成员建立信任和注重绩效的关系方面所面临的挑战提供了新的见解。独创性/价值:该研究扩展了现有的团队动力学文献,同时也提供了一个方便的概念框架,以指导未来对虚拟团队信任和最佳绩效管理驱动因素的研究。
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引用次数: 0
Cross-domain online vigilance, boundary management and stress among knowledge workers 跨领域网络警戒、边界管理与知识型员工压力
IF 1.3 4区 管理学 Q4 BUSINESS Pub Date : 2023-08-30 DOI: 10.4102/sajbm.v54i1.3896
Liezel Conradie, D. B. le Roux, D. Parry
Purpose: High levels of online media use and permanent connectedness are common features of contemporary life in the developed world. In recent studies, the concept of online vigilance has been adopted to describe individuals’ chronic attentional orientation towards and engagement with their online spheres. The present study extends this notion by investigating its role in relation to stress and boundary management.Design/methodology/approach: A sample of 299 knowledge workers completed an online survey concerning the role of cross-domain online vigilance in the blurring of work-personal boundaries and the potential impact this may have on perceived stress.Findings/results: Contrary to extant evidence, the findings of this study indicate that cross-domain online vigilance does not predict stress, neither on its own nor when interacting with individuals’ domain segmentation preferences. However, the findings indicate that younger knowledge workers, more than their older colleagues, have trouble disconnecting from their personal online spheres while working.Practical implications: Work communication policies and norms should enable workers to psychologically disconnect from work during non-working hours and should be sensitive to the differences in personal preferences for boundary segmentation. Constant psychological connection to personal online communication may impact performance among younger knowledge workers.Originality/value: The present study is the first to consider the notion of online vigilance in relation to boundary management and stress among knowledge workers. The findings are particularly relevant given the increased blurring of work-personal boundaries that results from organisations adopting work-from-anywhere policies following the COVID-19 pandemic.
目的:高水平的在线媒体使用和永久连接是发达国家当代生活的共同特征。在最近的研究中,在线警惕性的概念被用来描述个人对其网络领域的慢性注意取向和参与。本研究通过调查其在压力和边界管理方面的作用来扩展这一概念。设计/方法/方法:299名知识工作者完成了一项在线调查,该调查涉及跨领域在线警惕性在工作与个人界限模糊中的作用,以及这可能对感知压力产生的潜在影响。发现/结果:与现有证据相反,本研究的发现表明,跨领域在线警惕性既不能单独预测压力,也不能与个体的领域分割偏好相互作用。然而,研究结果表明,年轻的知识工作者比年长的同事更难以在工作时脱离他们的个人网络领域。实践启示:工作沟通政策和规范应使员工在非工作时间从心理上脱离工作,并应敏感于个人偏好的边界分割差异。对个人在线交流的持续心理联系可能会影响年轻知识工作者的绩效。原创性/价值:本研究首次考虑了网络警惕性与知识型员工边界管理和压力之间的关系。鉴于2019冠状病毒病大流行后,组织采取了随时随地工作的政策,工作与个人的界限日益模糊,这些发现尤其具有现实意义。
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引用次数: 0
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South African Journal of Business Management
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