Puji Prahastyo, Toni Herlambang, Ni Nyoman Putu Martini, Nurul Qomariah
The importance of human resources is in line with the increasing demands of organizations. More intensive and optimal performance is needed to increase work results and organizational profits. This research was motivated by the non-achievement of employee performance targets in sub-districts in Jember Regency. The research carried out was aimed at analyzing and finding out whether the competencies possessed by employees and also the work environment in which employees work can have a positive impact on employee performance in sub-districts in Jember Regency. The total sample for this research was 157 using a sampling technique using a census technique or the entire population was used as a sample. Descriptive statistical analysis to find out about respondents. Validity tests and reliability tests are also carried out so that the questionnaire used is valid and reliable. There is a need for hypothesis testing to answer the hypotheses that have been developed. The results of data analysis show that the competencies possessed by employees can improve performance. The work environment provided by the Subdistrict Office in Jember Regency turns out to be very comfortable and has been proven to improve employee performance.
{"title":"Improving Employee Performance Based on Competency and Work Environment for Employees in Subdistricts throughout Jember Regency","authors":"Puji Prahastyo, Toni Herlambang, Ni Nyoman Putu Martini, Nurul Qomariah","doi":"10.47191/jefms/v7-i7-43","DOIUrl":"https://doi.org/10.47191/jefms/v7-i7-43","url":null,"abstract":"The importance of human resources is in line with the increasing demands of organizations. More intensive and optimal performance is needed to increase work results and organizational profits. This research was motivated by the non-achievement of employee performance targets in sub-districts in Jember Regency. The research carried out was aimed at analyzing and finding out whether the competencies possessed by employees and also the work environment in which employees work can have a positive impact on employee performance in sub-districts in Jember Regency. The total sample for this research was 157 using a sampling technique using a census technique or the entire population was used as a sample. Descriptive statistical analysis to find out about respondents. Validity tests and reliability tests are also carried out so that the questionnaire used is valid and reliable. There is a need for hypothesis testing to answer the hypotheses that have been developed. The results of data analysis show that the competencies possessed by employees can improve performance. The work environment provided by the Subdistrict Office in Jember Regency turns out to be very comfortable and has been proven to improve employee performance.","PeriodicalId":509310,"journal":{"name":"JOURNAL OF ECONOMICS, FINANCE AND MANAGEMENT STUDIES","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141808154","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 empirically examined the relationship between financial technology (FinTech - proxied by Internet Banking and Mobile Payment) innovation and business growth (proxied by productivity and operational efficiency) of Small and Medium-Scale Enterprises (SMEs) in Port Harcourt. The study was underpinned by the theory of Technology Acceptance Model (TAM) and the Diffusion of Innovation Theory (DIT). The study adopted a cross-sectional research design and the population was the 1016 registered SMEs in Port Harcourt with a sample size of 287. Spearman’s Rank Correlation and Partial Correlation were used to test the five hypotheses that guided the study. The findings showed a positive and significant relationship exists between financial technology innovation and business growth. Based on these findings, the research concluded that financial technology innovation is a business solution and a formidable management strategy that SMEs can deploy to improve their business growth. It recommends therefore that SMEs who want to improve their business growth should invest more in FinTech innovations such as Internet banking and mobile payment, as these digital solutions have a significant impact in improving productivity and operational efficiency (business growth).
{"title":"Financial Technology Innovation and Business Growth of Small and Medium-Scale Enterprises in Port Harcourt, Rivers State, Nigeria","authors":"Godwin Poi (PhD. FCA)","doi":"10.47191/jefms/v7-i7-48","DOIUrl":"https://doi.org/10.47191/jefms/v7-i7-48","url":null,"abstract":"This study empirically examined the relationship between financial technology (FinTech - proxied by Internet Banking and Mobile Payment) innovation and business growth (proxied by productivity and operational efficiency) of Small and Medium-Scale Enterprises (SMEs) in Port Harcourt. The study was underpinned by the theory of Technology Acceptance Model (TAM) and the Diffusion of Innovation Theory (DIT). The study adopted a cross-sectional research design and the population was the 1016 registered SMEs in Port Harcourt with a sample size of 287. Spearman’s Rank Correlation and Partial Correlation were used to test the five hypotheses that guided the study. The findings showed a positive and significant relationship exists between financial technology innovation and business growth. Based on these findings, the research concluded that financial technology innovation is a business solution and a formidable management strategy that SMEs can deploy to improve their business growth. It recommends therefore that SMEs who want to improve their business growth should invest more in FinTech innovations such as Internet banking and mobile payment, as these digital solutions have a significant impact in improving productivity and operational efficiency (business growth).","PeriodicalId":509310,"journal":{"name":"JOURNAL OF ECONOMICS, FINANCE AND MANAGEMENT STUDIES","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141807721","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 economic value of Kelapa Island tourism area using the Travel Cost Method and Contingent Valuation Method approaches and identify factors that influence the frequency of tourist visits in the Kelapa Island tourism area, Lambu, Bima Regency. The type of research used is quantitative by determining 90 respondents who traveled to Kelapa Island. This research was conducted in the Kelapa Island tourist area, Lambu District, Bima Regency, West Nusa Tenggara. The sampling method used was purposive sampling. The data used in this study are primary data collected through interviews, observations, and documentation with data collection tools in the form of questionnaires. The analytical tool used is SPSS 16 with data analysis using multiple linear regression. The findings revealed that the economic value of the Kelapa Island area using the Travel Cost Method approach amounted to IDR 212,911,666, while the economic value of conservation and development of the Kelapa Island area using the Contingent Valuation Method approach amounted to IDR 10,894,000. Factors that influence the frequency of visits are travel costs, age, income, and facilities.
{"title":"Economic Valuation of Kelapa Island Tourism Area Bima Regency 2024","authors":"Muhammad Yusrizal, Moh. Huzaini, Luluk Fadliyanti","doi":"10.47191/jefms/v7-i7-44","DOIUrl":"https://doi.org/10.47191/jefms/v7-i7-44","url":null,"abstract":"This study aims to analyze the economic value of Kelapa Island tourism area using the Travel Cost Method and Contingent Valuation Method approaches and identify factors that influence the frequency of tourist visits in the Kelapa Island tourism area, Lambu, Bima Regency. The type of research used is quantitative by determining 90 respondents who traveled to Kelapa Island. This research was conducted in the Kelapa Island tourist area, Lambu District, Bima Regency, West Nusa Tenggara. The sampling method used was purposive sampling. The data used in this study are primary data collected through interviews, observations, and documentation with data collection tools in the form of questionnaires. The analytical tool used is SPSS 16 with data analysis using multiple linear regression. The findings revealed that the economic value of the Kelapa Island area using the Travel Cost Method approach amounted to IDR 212,911,666, while the economic value of conservation and development of the Kelapa Island area using the Contingent Valuation Method approach amounted to IDR 10,894,000. Factors that influence the frequency of visits are travel costs, age, income, and facilities.","PeriodicalId":509310,"journal":{"name":"JOURNAL OF ECONOMICS, FINANCE AND MANAGEMENT STUDIES","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141808871","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}
Delays in the financial reporting of Companies listed on the Indonesia Stock Exchange can raise doubts about the relevance of the company's financial statements. This research aims to determine and obtain empirical evidence of the influence of profitability, liquidity, and Chief Executive Officer (CEO) gender on the timeliness of financial reporting. The type of research used is quantitative research. The data used is secondary data from the company's annual report. The sample was 68 property & real estate sector companies listed on the Indonesia Stock Exchange consecutively in 2020-2022 obtained by purposive sampling technique. The research data is analyzed by logistic regression. The results show that profitability positively affects the timeliness of financial reporting, while liquidity and Chief Executive Officer (CEO) Gender have no effect on the timeliness of financial reporting.
{"title":"The Influence of Profitability, Liquidity, and Chief Executive Officer Gender on the Timeliness of Financial Reporting","authors":"Eka Risti Anafi, Windy Windyastuti","doi":"10.47191/jefms/v7-i7-47","DOIUrl":"https://doi.org/10.47191/jefms/v7-i7-47","url":null,"abstract":"Delays in the financial reporting of Companies listed on the Indonesia Stock Exchange can raise doubts about the relevance of the company's financial statements. This research aims to determine and obtain empirical evidence of the influence of profitability, liquidity, and Chief Executive Officer (CEO) gender on the timeliness of financial reporting. The type of research used is quantitative research. The data used is secondary data from the company's annual report. The sample was 68 property & real estate sector companies listed on the Indonesia Stock Exchange consecutively in 2020-2022 obtained by purposive sampling technique. The research data is analyzed by logistic regression. The results show that profitability positively affects the timeliness of financial reporting, while liquidity and Chief Executive Officer (CEO) Gender have no effect on the timeliness of financial reporting.","PeriodicalId":509310,"journal":{"name":"JOURNAL OF ECONOMICS, FINANCE AND MANAGEMENT STUDIES","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141809906","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}
Statement of Problem: There is a growing debate on sustainability challenges among fast-moving consumer goods firms (FMCG). FMCG firms value efficiency and sustainability. Research shows that FMCG firms are unsustainable owing to inadequate green logistics practices. Many studies focused on non-FMCG companies and industrialised countries, not emerging ones. Methodology: The green logistics and operational sustainability of chosen FMCG firms in Lagos State, Nigeria, were examined. The study was survey-based. The study included 13,782 managers from eight publicly listed FMCG businesses in Lagos State, Nigeria. The Taro Yamane formula determined the 519 sample size. Basic random sampling was utilised. The questionnaire was standardised and validated. Constructs' Cronbach's alpha reliability coefficients ranged from 0.78 to 0.94. The response rate was 96.7%. The data were examined using descriptive and inferential statistics, including multiple and hierarchical regression. Findings: The findings revealed that green logistics practices had significant effect on the operational sustainability of selected FMCG firms in Lagos State, Nigeria (Adj.R2 = 0.02, F(5, 496) = 3.31, p < 0.05). The study concluded that green logistics practices promote operational sustainability of selected FMCG firms in Lagos State, Nigeria. Recommendations and Contribution to Knowledge: FMCG enterprises in Lagos State, Nigeria can integrate green logistics techniques into their sustainability plan to improve long-term sustainability. The research suggests that green logistics techniques may considerably enhance operational sustainability, making them essential to a firm's sustainability strategies.
{"title":"Investigating the Adoption of Green Logistics Practices on Operational Sustainability in Fast-Moving Customer Goods in Lagos State, Nigeria","authors":"D. C. J. C.","doi":"10.47191/jefms/v7-i7-42","DOIUrl":"https://doi.org/10.47191/jefms/v7-i7-42","url":null,"abstract":"Statement of Problem: There is a growing debate on sustainability challenges among fast-moving consumer goods firms (FMCG). FMCG firms value efficiency and sustainability. Research shows that FMCG firms are unsustainable owing to inadequate green logistics practices. Many studies focused on non-FMCG companies and industrialised countries, not emerging ones. Methodology: The green logistics and operational sustainability of chosen FMCG firms in Lagos State, Nigeria, were examined. The study was survey-based. The study included 13,782 managers from eight publicly listed FMCG businesses in Lagos State, Nigeria. The Taro Yamane formula determined the 519 sample size. Basic random sampling was utilised. The questionnaire was standardised and validated. Constructs' Cronbach's alpha reliability coefficients ranged from 0.78 to 0.94. The response rate was 96.7%. The data were examined using descriptive and inferential statistics, including multiple and hierarchical regression. Findings: The findings revealed that green logistics practices had significant effect on the operational sustainability of selected FMCG firms in Lagos State, Nigeria (Adj.R2 = 0.02, F(5, 496) = 3.31, p < 0.05). The study concluded that green logistics practices promote operational sustainability of selected FMCG firms in Lagos State, Nigeria. Recommendations and Contribution to Knowledge: FMCG enterprises in Lagos State, Nigeria can integrate green logistics techniques into their sustainability plan to improve long-term sustainability. The research suggests that green logistics techniques may considerably enhance operational sustainability, making them essential to a firm's sustainability strategies.","PeriodicalId":509310,"journal":{"name":"JOURNAL OF ECONOMICS, FINANCE AND MANAGEMENT STUDIES","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141808109","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}
Tri Eny Yuniarti, Rizky Fauzan*, Nurul Komari, S. Sulistiowati
This research aims to analyse the influence of job satisfaction and work motivation on the performance of employees at the Yarsi Pontianak College of Health Sciences (Stikes). We employ a quantitative approach with explanatory research as our research method. We collected data by distributing questionnaires to all employees of Stikes Yarsi Pontianak, which included 20 lecturers and 26 education staff, resulting in a total sample of 46 people. The data analysis technique uses structural equation modelling (SEM) with a partial least squares (PLS) approach via SmartPLS version 4.0 software. The research results show that: (1) Job satisfaction has a positive and significant effect on the performance of Stikes Yarsi Pontianak employees with a t-statistic value of 1.969 > 1.96, p-values 0.050 < 0.050, and a path coefficient of 0.405; (2) Work motivation has a positive and significant effect on the performance of Stikes Yarsi Pontianak employees with a t-statistic value of 2.602 > 1.96, p-values 0.010 < 0.050, and a path coefficient of 0.540. These findings imply that to improve employee performance, Stikes Yarsi Pontianak must pay attention to factors that can increase job satisfaction and work motivation, such as a conducive work environment, fair compensation, career development opportunities, good interpersonal relationships, job security, suitability for tasks, and motivational approaches tailored to individual needs. Future research should investigate additional variables that could impact employee performance, utilizing a wider range of research methods to provide a more comprehensive understanding.
{"title":"The Influence of Work Motivation and Job Satisfaction on the Performance of Employees at the Yarsi Pontianak Health College","authors":"Tri Eny Yuniarti, Rizky Fauzan*, Nurul Komari, S. Sulistiowati","doi":"10.47191/jefms/v7-i7-46","DOIUrl":"https://doi.org/10.47191/jefms/v7-i7-46","url":null,"abstract":"This research aims to analyse the influence of job satisfaction and work motivation on the performance of employees at the Yarsi Pontianak College of Health Sciences (Stikes). We employ a quantitative approach with explanatory research as our research method. We collected data by distributing questionnaires to all employees of Stikes Yarsi Pontianak, which included 20 lecturers and 26 education staff, resulting in a total sample of 46 people. The data analysis technique uses structural equation modelling (SEM) with a partial least squares (PLS) approach via SmartPLS version 4.0 software. The research results show that: (1) Job satisfaction has a positive and significant effect on the performance of Stikes Yarsi Pontianak employees with a t-statistic value of 1.969 > 1.96, p-values 0.050 < 0.050, and a path coefficient of 0.405; (2) Work motivation has a positive and significant effect on the performance of Stikes Yarsi Pontianak employees with a t-statistic value of 2.602 > 1.96, p-values 0.010 < 0.050, and a path coefficient of 0.540. These findings imply that to improve employee performance, Stikes Yarsi Pontianak must pay attention to factors that can increase job satisfaction and work motivation, such as a conducive work environment, fair compensation, career development opportunities, good interpersonal relationships, job security, suitability for tasks, and motivational approaches tailored to individual needs. Future research should investigate additional variables that could impact employee performance, utilizing a wider range of research methods to provide a more comprehensive understanding.","PeriodicalId":509310,"journal":{"name":"JOURNAL OF ECONOMICS, FINANCE AND MANAGEMENT STUDIES","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141809872","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 purposed to assess the effect of technological integration on procurement efficiency at Zamtel, Lusaka. The specific objectives were: (1) to analyze the current state of technological integration in Zamtel's procurement processes and its effect on business performance, (2) to assess the impact of technology on the efficiency and effectiveness of Zamtel's procurement activities, and (3) to examine the challenges and opportunities associated with the use of technology in Zamtel’s procurement processes. Adopting a pragmatic research philosophy, the study employed a mixed-method approach, combining qualitative and quantitative paradigms. The target population comprised 379 Zamtel employees, with a sample size of 195, determined using Slovin's formula. Data collection tools included interviews and 195 questionnaires distributed with a 100% return rate. To ensure validity and reliability, triangulation was employed alongside rigorous data processing and analysis using descriptive statistics and thematic analysis. 39.6% of respondents agreed that technology is seamlessly integrated into procurement processes, while 37.9% disagreed, indicating mixed perceptions. Procurement Efficiency and Effectiveness: 59% of respondents agreed that technology integration improved overall business performance, and 48.7% believed in improved efficiency, though 29.7% perceived no increase in efficiency. Significant challenges included resistance to change and high implementation costs, while opportunities for improvement and transformation were recognized by 51.8% of respondents. The study concluded that technology integration holds significant potential for enhancing procurement efficiency and effectiveness at Zamtel. However, challenges such as resistance to change and integration issues must be addressed to fully realize these benefits. Continuous evaluation and alignment with business goals are crucial for maximizing technology's impact. Recommendations for Zamtel include developing a comprehensive technology adoption strategy to address challenges and leverage efficiency gains, enhancing training programs to improve technological tool utilization, fostering a supportive organizational culture that promotes innovation, and continuously evaluating and adapting technological integration efforts to align with business needs.
{"title":"Assessing the Effect of Technological Integration on Procurement Efficiency of Zamtel, Lusaka, Zambia.","authors":"Lungowe Lillian Musheba, C. Hapompwe","doi":"10.47191/jefms/v7-i7-41","DOIUrl":"https://doi.org/10.47191/jefms/v7-i7-41","url":null,"abstract":"This study purposed to assess the effect of technological integration on procurement efficiency at Zamtel, Lusaka. The specific objectives were: (1) to analyze the current state of technological integration in Zamtel's procurement processes and its effect on business performance, (2) to assess the impact of technology on the efficiency and effectiveness of Zamtel's procurement activities, and (3) to examine the challenges and opportunities associated with the use of technology in Zamtel’s procurement processes. Adopting a pragmatic research philosophy, the study employed a mixed-method approach, combining qualitative and quantitative paradigms. The target population comprised 379 Zamtel employees, with a sample size of 195, determined using Slovin's formula. Data collection tools included interviews and 195 questionnaires distributed with a 100% return rate. To ensure validity and reliability, triangulation was employed alongside rigorous data processing and analysis using descriptive statistics and thematic analysis. 39.6% of respondents agreed that technology is seamlessly integrated into procurement processes, while 37.9% disagreed, indicating mixed perceptions. Procurement Efficiency and Effectiveness: 59% of respondents agreed that technology integration improved overall business performance, and 48.7% believed in improved efficiency, though 29.7% perceived no increase in efficiency. Significant challenges included resistance to change and high implementation costs, while opportunities for improvement and transformation were recognized by 51.8% of respondents. The study concluded that technology integration holds significant potential for enhancing procurement efficiency and effectiveness at Zamtel. However, challenges such as resistance to change and integration issues must be addressed to fully realize these benefits. Continuous evaluation and alignment with business goals are crucial for maximizing technology's impact. Recommendations for Zamtel include developing a comprehensive technology adoption strategy to address challenges and leverage efficiency gains, enhancing training programs to improve technological tool utilization, fostering a supportive organizational culture that promotes innovation, and continuously evaluating and adapting technological integration efforts to align with business needs.","PeriodicalId":509310,"journal":{"name":"JOURNAL OF ECONOMICS, FINANCE AND MANAGEMENT STUDIES","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141824625","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The study aimed at analysing contributory factors to Low Own Sources Revenue (OSR) in Local Authorities (LAs) in Zambia case studying Muchinga Province. The study was guided by three objectives which were: to review the existing legislation that supports the Local Authorities to collect their own source revenue; to assess the Local Authorities' revenue collection methods and their efficacy, and to design a model to be used to improve the Local Authorities’ own source revenue in Muchinga Province and other regions. The study used primary data which was obtained by means of individualized questionnaires and in-depth interviews. Using the Survey Monk formula, the targeted population was 1,000 of the local authority employees, civic leaders, and local business owners of small and medium-sized enterprises (SMEs) that pay taxes to the local authorities in their respective districts from which the sample size of 300 was obtained. The response rate was 66%. Random and purposive sampling techniques were used. The findings of the study revealed that the legislative frameworks, measures, and remedies were not sufficient in enhancing revenue collection by local authorities and that these local authorities largely dependent on the legislative framework, measures and remedies in revenue generation. The findings further showed that there was a belief among the respondents and interviewees that the revenue collection strategies were inappropriate for the local authorities. The interviewees also stated that the manner or method of assessing revenue collection was not effective at all as the local authorities mainly assessed the existing revenue collection’s efficacy through open meeting with the extent of revenue generation strategies and mobilization model being perceived to be poor. The results of the study clearly showed that local authorities are not effective in their collection of revenue and as such there is need for the local authorities to review existing legislation, methods of revenue mobilization and design a model that can enhance revenue collection in their Jurisdiction. Therefore, the study strongly recommended that the legal framework supporting revenue collection needed to be harmonized or reviewed to allow the Local Authority to exercise its full potential in OSR. The study further recommended that local authorities be computerized in all its revenue sources to minimize red tapeism, revenue pilferages / leakages, and corruption in revenue collections and accounting. The study further recommended the adoption of the internationally accepted Tax Administration Diagnostic Assessment Tool (TADAT) framework for Tax and Non-Tax Revenue Administration which should be the starting point, which focuses on nine key performance outcome areas that cover most revenue generation, administration functions, and processes. These areas include integrity of the registered revenue data base, effective risk management, supporting voluntary compliance, timely filing,
{"title":"An Analysis of Contributory Factors to Low Own Sources Revenue (OSR) in Local Authorities in Zambia: A Case Study of Muchinga Province","authors":"Naaman Mwale, C. Hapompwe","doi":"10.47191/jefms/v7-i7-40","DOIUrl":"https://doi.org/10.47191/jefms/v7-i7-40","url":null,"abstract":"The study aimed at analysing contributory factors to Low Own Sources Revenue (OSR) in Local Authorities (LAs) in Zambia case studying Muchinga Province. The study was guided by three objectives which were: to review the existing legislation that supports the Local Authorities to collect their own source revenue; to assess the Local Authorities' revenue collection methods and their efficacy, and to design a model to be used to improve the Local Authorities’ own source revenue in Muchinga Province and other regions. The study used primary data which was obtained by means of individualized questionnaires and in-depth interviews. Using the Survey Monk formula, the targeted population was 1,000 of the local authority employees, civic leaders, and local business owners of small and medium-sized enterprises (SMEs) that pay taxes to the local authorities in their respective districts from which the sample size of 300 was obtained. The response rate was 66%. Random and purposive sampling techniques were used. The findings of the study revealed that the legislative frameworks, measures, and remedies were not sufficient in enhancing revenue collection by local authorities and that these local authorities largely dependent on the legislative framework, measures and remedies in revenue generation. The findings further showed that there was a belief among the respondents and interviewees that the revenue collection strategies were inappropriate for the local authorities. The interviewees also stated that the manner or method of assessing revenue collection was not effective at all as the local authorities mainly assessed the existing revenue collection’s efficacy through open meeting with the extent of revenue generation strategies and mobilization model being perceived to be poor. The results of the study clearly showed that local authorities are not effective in their collection of revenue and as such there is need for the local authorities to review existing legislation, methods of revenue mobilization and design a model that can enhance revenue collection in their Jurisdiction. Therefore, the study strongly recommended that the legal framework supporting revenue collection needed to be harmonized or reviewed to allow the Local Authority to exercise its full potential in OSR. The study further recommended that local authorities be computerized in all its revenue sources to minimize red tapeism, revenue pilferages / leakages, and corruption in revenue collections and accounting. The study further recommended the adoption of the internationally accepted Tax Administration Diagnostic Assessment Tool (TADAT) framework for Tax and Non-Tax Revenue Administration which should be the starting point, which focuses on nine key performance outcome areas that cover most revenue generation, administration functions, and processes. These areas include integrity of the registered revenue data base, effective risk management, supporting voluntary compliance, timely filing,","PeriodicalId":509310,"journal":{"name":"JOURNAL OF ECONOMICS, FINANCE AND MANAGEMENT STUDIES","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141823967","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}
ICT adoption refers to the utilization of technology in gathering, processing and using knowledge within the organization. The financial performance of SACCOs largely depends on the strategic actions undertaken by the management. Despite this, the performance of SACCOs has always been fraught with numerous management challenges as evidenced by the chaotic scenes at most annual general meetings. Maintaining a sustainable growth of earnings for SACCOs has become a universal challenge. This study seeks to analyze how ICT adoption affects the financial performance of KTS. The study employed a mixed methodology combining quantitative and qualitative approach. The target population comprised 12 Board of directors, 5 chief managers, 9 departmental heads, 8 branch managers and 12 assistant managers. Primary data was collected using questionnaires. Their validity and reliability was achieved through the use of pilot test. The data of the pilot test were not incorporated in the analyses. The quantitative data was analyzed using descriptive statistics and presented through the use frequencies and percentages. SPPS version 24 was used to carry out inferential statistics through the Pearson‘s Correlation analysis. The results of the descriptive statistics have been presented using frequency tables. The results of the analysis indicate ICT adoption had a positive and statistically significant influence on the financial performance of KTS (β=.0.287, P=0.05). The descriptive statistics had an overall average mean and SD of 3.72 and 0.495 respectively. The finding indicated that ICT adoption had a significant influence on the financial performance of KTS. The study concluded that ICT adoption play a vital role in the financial performance of organizations
{"title":"Analysis of ICT Adoption on the Financial Performance of Kitui Teachers Sacco","authors":"Mercy Mbinya Mutie, Dr. Lucy Wairimu Kibe, PhD","doi":"10.47191/jefms/v7-i7-36","DOIUrl":"https://doi.org/10.47191/jefms/v7-i7-36","url":null,"abstract":"ICT adoption refers to the utilization of technology in gathering, processing and using knowledge within the organization. The financial performance of SACCOs largely depends on the strategic actions undertaken by the management. Despite this, the performance of SACCOs has always been fraught with numerous management challenges as evidenced by the chaotic scenes at most annual general meetings. Maintaining a sustainable growth of earnings for SACCOs has become a universal challenge. This study seeks to analyze how ICT adoption affects the financial performance of KTS. The study employed a mixed methodology combining quantitative and qualitative approach. The target population comprised 12 Board of directors, 5 chief managers, 9 departmental heads, 8 branch managers and 12 assistant managers. Primary data was collected using questionnaires. Their validity and reliability was achieved through the use of pilot test. The data of the pilot test were not incorporated in the analyses. The quantitative data was analyzed using descriptive statistics and presented through the use frequencies and percentages. SPPS version 24 was used to carry out inferential statistics through the Pearson‘s Correlation analysis. The results of the descriptive statistics have been presented using frequency tables. The results of the analysis indicate ICT adoption had a positive and statistically significant influence on the financial performance of KTS (β=.0.287, P=0.05). The descriptive statistics had an overall average mean and SD of 3.72 and 0.495 respectively. The finding indicated that ICT adoption had a significant influence on the financial performance of KTS. The study concluded that ICT adoption play a vital role in the financial performance of organizations","PeriodicalId":509310,"journal":{"name":"JOURNAL OF ECONOMICS, FINANCE AND MANAGEMENT STUDIES","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141830251","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 research paper explores the role of social audits in promoting a happy workplace and enhancing the performance of Small and Medium Enterprises (SMEs) in Uganda. Despite the growing recognition of the importance of social responsibility in business operations, many SMEs in Uganda face challenges in implementing and maintaining ethical practices. This paper examines how social audits can serve as a remedy to address these challenges by fostering a positive work environment, improving employee well-being, enhancing productivity, and ensuring compliance with ethical standards. Through a comprehensive review of existing literature, case studies, and interviews with SME owners and stakeholders in Uganda, this paper aims to provide insights into the potential benefits of social audits for SMEs in Uganda and offer recommendations for their effective implementation.
{"title":"Social Audits: A Remedy to a Happy Workplace and an Assurance to Better Performance of SMEs in Uganda.","authors":"Tukesiga Godfrey, Bakaki Ivan, Waswa Moses","doi":"10.47191/jefms/v7-i7-35","DOIUrl":"https://doi.org/10.47191/jefms/v7-i7-35","url":null,"abstract":"This research paper explores the role of social audits in promoting a happy workplace and enhancing the performance of Small and Medium Enterprises (SMEs) in Uganda. Despite the growing recognition of the importance of social responsibility in business operations, many SMEs in Uganda face challenges in implementing and maintaining ethical practices. This paper examines how social audits can serve as a remedy to address these challenges by fostering a positive work environment, improving employee well-being, enhancing productivity, and ensuring compliance with ethical standards. Through a comprehensive review of existing literature, case studies, and interviews with SME owners and stakeholders in Uganda, this paper aims to provide insights into the potential benefits of social audits for SMEs in Uganda and offer recommendations for their effective implementation.","PeriodicalId":509310,"journal":{"name":"JOURNAL OF ECONOMICS, FINANCE AND MANAGEMENT STUDIES","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141830149","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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