Asian Journal of Economics, Business and Accounting最新文献

{"title":"Understanding and Overcoming the Limitations to Strategy Execution in Hotels within the Small and Medium Enterprises Sector","authors":"Anthony Idoko Abalaka, Oluwaseun Oladeji Olaniyi, Olubukola Omolara Adebiyi","doi":"10.9734/ajeba/2023/v23i221134","DOIUrl":"https://doi.org/10.9734/ajeba/2023/v23i221134","url":null,"abstract":"This paper underscores the challenges and significance of strategy formulation and execution, especially in the Small and Medium Enterprises (SMEs) hospitality sector. Despite decades of research and professional scrutiny, strategy implementation remains daunting in strategic management. The research is paramount to small hotels, especially in a rapidly changing and pandemic-stricken environment and the broader tourism sector. It equips managers in the hospitality and tourism sectors with insights to navigate implementation challenges and adopt innovative methods to bridge the gap between strategy formulation and its successful execution. The research findings, aimed at enhancing decision-making, productivity, and competitive edge, will benefit various stakeholders, including organizational managers, academic scholars, policymakers, regulators, and the general public. These findings will be disseminated through academic and professional channels to serve the public interest and contribute substantially to existing knowledge. Notably, while this study provides valuable insights, it does present limitations, mainly its focus on top management and its restricted observational scope due to the pandemic. Future research might consider broadening the participant pool and studying larger hotels across different regions to enhance generalizability.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"11 4","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134907557","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}

{"title":"Assessing Sustainable Development Goals Implementation in Pasuruan’s Great Disability House","authors":"Sandiani Sri Wahyuni, Sakinah Ilfi Nabilah, None Khusnudin, Guntur Kusuma Wardana","doi":"10.9734/ajeba/2023/v23i221135","DOIUrl":"https://doi.org/10.9734/ajeba/2023/v23i221135","url":null,"abstract":"Sustainable development is a form of achieving social justice for every generation that aims to support economic growth based on social and environmental development. Pasuruan City as one of the cities in Pasuruan Regency which forms a sustainable development program by presenting Great Disability House which was established to facilitate persons with disabilities in Pasuruan City to receive various skills training. The purpose of this study was to determine the goals of sustainable development at Great Disability Home based on OJK (Authority Service Finance) sustainable indicators, and the role of Great Disability House in the sustainable development of Pasuruan City. To conduct research related to these objectives, researchers used a mix-method approach, namely a quantitative method on the results of direct interviews with Great Disability House in Pasuruan City, and a qualitative method with an indicators of sustainable development goals in Indonesia study approach. The results of the study show that indicators of sustainable development can be identified as follows: (1) ecologically sustainable, through creating salable products through recycling both organic and inorganic waste; (2) economic sustainability, through good product marketing through an online sales platform where the output is able to prosper the members of Great Disability House; (3) socio cultural sustainability, through handmade craft products that reflect the local culture of Pasuruan City (4) sustainable politics, defense and security, through the creation of various types of products that do not oppose elements of SARA (Ethnicity, Religion, Race, and Inter-group), elements of political campaign means and elements of plagiarism.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"15 04","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134908405","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}

{"title":"The Influence of Knowledge Management on Increasing Innovation and Competitive Advantage in the Private University Sector in Kuwait","authors":"Shebaib Fahad Shebaib","doi":"10.9734/ajeba/2023/v23i221136","DOIUrl":"https://doi.org/10.9734/ajeba/2023/v23i221136","url":null,"abstract":"The main aim of current study is to examine the influence of knowledge management KM (Knowledge Creation, Knowledge acquisition, Knowledge sharing, Knowledge storage, Knowledge dissemination, Knowledge utilization, Knowledge retention) in increasing innovation capability IC and competitive advantage CA within private universities sector in the state of Kuwait. The study launched its aim through the aid of resource-based view theory which states that non-tangible assists of an organization help in supporting its journey to competitiveness and innovation. Through depending on quantitative methodology, a questionnaire was distributed on a sample of (303) respondents from private universities sector in the state of Kuwait. SPSS was used to deal with primary data depending on multiple regression and Pearson correlation. Results indicated the acceptance of the fact that KM has the ability to increase innovative abilities and competitive advantage within private universities sector in the state of Kuwait. Influence of KM on innovation capability appeared to be higher with a variance of 94.9% compared to competitive advantage which was also influenced by KM with a variance of 92.3%. Results also indicated that there was a correlation between variables of KM and both variables of competitive advantage and innovation capability. The highest relationship was between Knowledge sharing and Innovation Capability; whereas the highest relationship was between Knowledge storage and Competitive Advantage. Study recommended organizations should focus more on training and development in the field of knowledge storing and retaining so employees can have more awareness of how to deal with knowledge through their daily tasks.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134909285","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}

{"title":"Evaluating and Establishing Baseline Security Requirements in Cloud Computing: An Enterprise Risk Management Approach","authors":"Tunbosun Oyewale Oladoyinbo, Olubukola Omolara Adebiyi, Jennifer Chinelo Ugonnia, Oluwaseun Oladeji Olaniyi, Olalekan Jamiu Okunleye","doi":"10.9734/ajeba/2023/v23i211129","DOIUrl":"https://doi.org/10.9734/ajeba/2023/v23i211129","url":null,"abstract":"In today's digital age, businesses use cloud services to boost their operations exponentially. While this trend presents excellent potential, it is marred by significant concerns over the safety of data stored in the cloud. As the demand for cloud computing increases, businesses face issues ranging from data breaches and provider security to service availability and regulatory compliance. It becomes crucial for organizations to enact stringent security protocols not only to protect user information but also to smoothen operational processes, enforce regulatory compliance, and delineate user behavior norms. To fortify cloud assets, businesses must adhere to foundational security guidelines covering confidentiality, risk analysis, e-discovery, business resilience, and third-party contract obligations. Therefore, while the cloud's advantages are manifold, they have intricate challenges. Businesses must prioritize impenetrable security, craft meticulous risk strategies, and fortify against potential threats to harness the full potential of cloud services while preserving their assets and reputation. These results show that most respondents have a confidence level of 7, indicating a relatively high level of trust in the current cloud security measures. Organizations must continuously assess and adapt their cloud security strategies to keep up with the dynamic digital environment and evolving threats for long-term security and operational efficacy.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"42 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135219260","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}

{"title":"The Role of Company Value as A Mediating Variable in The Relationship Between Systematic Risk, Financial Performance and Financial Distress on Stock Return in The Indonesia Stock Exchange (IDX)","authors":"Rezeki Putri Raudhah, Mustaruddin Saleh","doi":"10.9734/ajeba/2023/v23i221133","DOIUrl":"https://doi.org/10.9734/ajeba/2023/v23i221133","url":null,"abstract":"This research aims to determine the effect of Systematic Risk, Financial Performance, and Financial Distress on stock return either partially or simultaneously and to determine the effect of Systematic Risk, Financial Performance, and Financial Distress on stock return through firm value. The object of research is the Property, Real Estate, and Building Construction Sectors that listed on the Indonesia Stock Exchange in 2016 – 2020 for 99 companies. The sample was selected using the purposive sampling method. The number of samples in this study were 53 companies. The panel data estimation method is used a fixed effect model and sobel test. The results of the study are simultaneously Systematic Risk, Financial Performance, and Financial Distress have a significant effect on stock return. Partially, the three independent variables have no significant effect on stock return. Firm value is able to mediate the relationship between Financial Performance and Financial Distress on Stock Return.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135216268","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}

{"title":"The Analysis of Financial Report Effectiveness through Berlo Communication Model: A Case Study of PT Megah Sembada Industry, Indonesia","authors":"Selfie Setiawan, None Fardinal, Nurul Hidayah","doi":"10.9734/ajeba/2023/v23i211130","DOIUrl":"https://doi.org/10.9734/ajeba/2023/v23i211130","url":null,"abstract":"Aims: Effective communication is crucial in the delivery of the company's financial reports, to ensure that the reports produced can meet their objectives as receivers of financial information. This study aimed to empirically investigate the determinants that affect the effectiveness of corporate financial reporting.
 Study Design: The research method employed in this study is descriptive quantitative research.
 Place and Duration of Study: The study was conducted at Perseroan Terbatas Megah Sembada Industri (PT. MSI), a prominent nonwoven manufacturer specializing in disposable products and healthcare items in Indonesia.
 Methodology: Data collection techniques was collected by observation, interviews, documentation, and distributing questionnaires.
 Results: The results showed that the application of Berlo's SMCR (Source, Message, Channel, and Receiver) model in accounting information communication at PT MSI provides positive results in creating an effective work environment and producing quality financial reports.
 Conclusion: This study confirmed that PT. MSI is able to report on time and accurately every month according to the actual data. The implication of this finding can be a foundation for other companies in improving their accounting information communication process to achieve better goals.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"34 4","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135217875","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}

{"title":"Debt Financing and Operational Efficiency of Companies listed at Nairobi Stock Exchange, Kenya","authors":"Joseph Kimathi James, Patricia Gachambi Mwangi, Henry Kimathi Mukaria","doi":"10.9734/ajeba/2023/v23i221132","DOIUrl":"https://doi.org/10.9734/ajeba/2023/v23i221132","url":null,"abstract":"Background: As companies evolve, they confront a myriad of challenges, opportunities, and risks, demanding a laser focus on financial strategies. Within this landscape, the intertwined concepts of debt financing and operational efficiency emerge as critical determinants of a firm's performance and longevity. Debt financing sources presents an intricate landscape in which companies make their financial decisions. However, the existing literature often treats debt financing as a homogenous entity, lacking the granularity required to discern how the specific composition of debt, including the reliance on trade credit versus traditional short-term and long-term bank borrowings, might influence operational efficiency. Thus, this study aimed at identifying the effect of debt financing composition on operational efficiency of companies listed in NSE. Methods: The research focused on examining the link between debt financing structures and operational efficiency in 50 firms listed on the Nairobi Securities Exchange (NSE). The study collected panel data ranging between 2015 and 2022. A positivist research philosophy was employed, utilizing quantitative analysis techniques, specifically descriptive statistical analysis and random effects regression model. Findings: The regression results of the random effects model reveal the relationship between debt financing constructs and operational efficiency. The overall R-squared value for the model is 0.176, suggesting that around 17.6% of the variation in operational efficiency can be explained by the debt financing sub-variables. Furthermore, the model’s goodness of fit is assessed through the Wald chi-square test (χ² =72.61, p = 0.000), confirming its statistical significance. The coefficient for the independent variables trade credit, short-term borrowings, and long-term borrowings are (β = 0.331, p = 0.002), (β = 0.642, p = 0.001), and (β = 0.349, p = 0.001), respectively. The p-values are less than 0.05, indicating that the effects of trade credit, short-term borrowings, and long-term borrowings on the operational efficiency of firms listed at the NSE are statistically significant at the 5% level. Conclusion and Implications: The study concludes that debt financing comprising of trade credit, short-term borrowing and long-term borrowing have beneficial effects on operational efficiency. While all three sub-variables of debt financing contribute to enhanced operational efficiency, their application in corporate financing practices varies, with long-term borrowing being a common choice for funding total assets. In light of these findings, company managers should recognize debt financing as a strategic tool for improving operational efficiency. This recognition should be accompanied by a careful and thoughtful approach to utilizing the three components of debt: trade credit, short-term borrowing, and long-term borrowing.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"26 4","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135217668","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}

{"title":"Employee Retention Strategies at Selected IT Organisations, Hyderabad","authors":"A. Mamatha Sridevi, J. Suresh Reddy","doi":"10.9734/ajeba/2023/v23i211131","DOIUrl":"https://doi.org/10.9734/ajeba/2023/v23i211131","url":null,"abstract":"Innovative, efficient and effective strategies of an organisation to retain their best talents are called employee retention strategies; a voluntary attrition is a dysfunctional employee turnover where the best employees of an organisation leave the organisation voluntarily. In the present day scenario voluntary attrition is termed as the great resignation [1] in the Information Technology (IT) sector, this great attrition has continued since 2020 and is predicted to continue till 2025 so employee retention has become a challenging task for IT sectors to retain their best talents. Every organisation to gain competitive advantage should follow the best retention strategies. At the end of the Year 2022, software industries recorded an average of 20 to 25% [2] attrition rate which is the highest record that the IT sector has ever seen in the past 10 years and now in the year 2023 it is 17-18% on average in June quarter and is even predicted to continue in the recession period in top IT industries called Brain drain, so tracking the great talent exodus in IT sector has become a critical and ongoing challenge for the IT industries. This paper empirically reviews the various available reviews of literature and research work already done and this paper also reveals that in addition to monetary benefits there are many other retention strategies to retain the best talents. This paper also studies the perception of employees on employee retention strategies and the relationship between demographic factors like gender, age and experience towards employee retention strategies. The data was collected from 100 employees by convenience sampling procedure and the statistical tools like percentage, mean, regression analysis and ANOVA techniques have been used for data analysis. It has been observed that there is a significant difference between the age of employees and intention to stay and there is a significant impact of retention strategies on the intention of the employee to stay back in the organisation. Each employee is unique in terms of their perception towards employee retention strategies. A strong employee value proposition (EVP) can act as the best retention mantra.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"32 6","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135219077","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}

{"title":"Electricity Consumption (kW) Forecast for a Building of Interest Based on a Time Series Nonlinear Regression Model","authors":"Olajide Oyebola Omogoroye, Oluwaseun Oladeji Olaniyi, Olubukola Omolara Adebiyi, Tunbosun Oyewale Oladoyinbo, Folashade Gloria Olaniyi","doi":"10.9734/ajeba/2023/v23i211127","DOIUrl":"https://doi.org/10.9734/ajeba/2023/v23i211127","url":null,"abstract":"This paper investigates the relationship between a building's past energy consumption and the outdoor temperature and predicts the next day's energy consumption using a refined time series model. Maintaining optimal indoor temperatures relative to outdoor temperatures determines a building's HVAC demand and, thus, energy consumption. We want to determine how outdoor temperature and other factors determine this consumption. With increasing urbanization and energy demand, it is important to understand building energy consumption, especially in terms of its impact on the environment. Previous research has shown the link between electricity consumption and external environmental factors and highlighted energy optimization's importance in urban structures. As cities become large energy consumers, studies point to the need to understand energy use patterns on a regional and temporal scale.
 For accurate energy forecasts, data becomes the linchpin. Time series—data points arranged in chronological intervals—are foundational in predictive modeling. Due to buildings' intricate electricity consumption patterns, traditional linear forecasting often falls short. Enter nonlinear regression models: These complex models are apt for mapping and predicting nonlinear data trends. Notwithstanding their advantages, they come with challenges, primarily the high-frequency data influx from smart meters and IoT devices. But their potential benefits - from cost savings to efficient energy management - are significant. In a world caught between urban expansion and ecological preservation, efficient energy management is crucial. Accurate energy forecasting, especially for buildings, combines technological advances, statistical acumen and environmental imperatives. Understanding building energy consumption using sophisticated nonlinear regression models is evolving from an academic goal to a global necessity.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"56 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135617165","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}

{"title":"Effects of Career Orientation on Youth Employability in Marsabit County","authors":"Simeon Umuro, Robert Obuba","doi":"10.9734/ajeba/2023/v23i211128","DOIUrl":"https://doi.org/10.9734/ajeba/2023/v23i211128","url":null,"abstract":"The effects of internship policy on the employability of the youth have been understudied. The youths are the present and future of any nation since they have crucial implications for future economic growth, development, and stability. As such, if youth unemployment is overlooked, it has the potential to have significant and serious social repercussions. However, unemployment among the youth is rampant across the world. This study aimed at examining how the Public Service Internship Policy (PSIP) affected young people's employment. This study was guided by specific objective which was to investigate the impact of career orientation on youth employability in Marsabit County. The researcher used a descriptive research design to assess the influence of PSIP on employability. The target population of the study was 1,439 interns who benefited from the government-sponsored internship programs and were posted in various state departments, agencies, and ministries in 2021. A sufficient sample for the research was selected using random and stratified sampling methods. Using Slovin's formulas, the sample size for the study was established. A structured questionnaire was used to gather the data, which assisted to gather both qualitative and quantitative information. The data was analyzed using SPSS. Data analysis used descriptive statistics like the mean and standard deviation. The study further analyzed the relationship between the predictor and predicted variables using inferential statistics. Pearson correlation and regression model was adopted to test the significance of the study variables. The researcher followed all the ethical considerations during the process of conducting the study. The research revealed significant and positive connections between various factors and the employability of young individuals. Specifically, it found a substantial and favorable correlation between having a career orientation and youth employability (correlation coefficient, r = 0.338, p = 0.002). The study concluded that factors such as career orientation exert a positive influence on youth employability. Therefore, it is recommended that the Kenyan government collaborates with educational institutions and parents to ensure that young people receive comprehensive career guidance and counseling, make professional accreditation accessible to all, provide quality education in all educational institutions, and ensure that all learners have access to appropriate mentorship throughout their educational journey.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135617482","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}