{"title":"Startup sustainability issues: An analytical hierarchy process (AHP) method and quantitative strategic planning matrix (QSPM)","authors":"Dian Purnomo Jati, Suliyanto Suliyanto, Weni Novandari, Daffa Redika Fauzi","doi":"10.22495/cbsrv4i4art4","DOIUrl":"https://doi.org/10.22495/cbsrv4i4art4","url":null,"abstract":"A newly started business entity has various kinds of difficulties, complexities, and risks (Trimi & Berbegal-Mirabent, 2012), the risks faced by startups include markets, products, competitiveness, employees, and finances (Paternoster et al., 2014). The purpose of this study is to analyze what factors contribute to the demise of startups in Banyumas. The participants in this study were resourceful startup actors in Banyumas. Data was collected through focus group discussions and questionnaires. Data were analyzed descriptively and qualitatively using an analytical hierarchy process (AHP), strengths-weaknesses-opportunities-threats (SWOT) analysis, and quantitative strategic planning matrix (QSPM). Based on the results of the AHP analysis, there were four main problems: background, competence, communication infrastructure, and security. Furthermore, it could be seen from SWOT and QSPM analysis that each SO (Strengths-Opportunities) strategy value was 152, WO (Weaknesses-Opportunities) was 100, ST (Strengths-Threats) was 148, and WT (Weaknesses-Threats) was 144. The conclusion was digital startup sustainability problems could be resolved by prioritizing the SO strategy. The implementation of these strategies included optimizing young workers, collaborating with supporting communities, and creating unique products. Apart from practical implications, this paper also develops literature on the factors that cause startup failure, which so far has been limited to discussing only the success factors.","PeriodicalId":496541,"journal":{"name":"Corporate and business strategy review","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135496017","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}
Mohammad Falah Samar Aljaman, Mohd Saiful Izwaan Bin Saadon, Mohamad Rosni Bin Othman, Jehan Ahmad Kheiro Aburasul, Ahmad Heider Hussein Issa, Aysheh Hassan Abu Ayyash
{"title":"The performance assessment of the Jordanian logistics sectors: A balanced scorecard approach","authors":"Mohammad Falah Samar Aljaman, Mohd Saiful Izwaan Bin Saadon, Mohamad Rosni Bin Othman, Jehan Ahmad Kheiro Aburasul, Ahmad Heider Hussein Issa, Aysheh Hassan Abu Ayyash","doi":"10.22495/cbsrv4i4art16","DOIUrl":"https://doi.org/10.22495/cbsrv4i4art16","url":null,"abstract":"The challenges that businesses face in the modern market, as well as continuously changing economic realities, have forced management stakeholders to recognise the necessity for sophisticated and multi-faceted data. It would allow them to make well-justified decisions that could be implemented rapidly and effectively, resulting in economic benefits for the organisation. In light of the changes that are arising in the current international economy, the client expects that the delivered products or services fulfil their requirements of high quality, adequate quantity, significant time and place of delivery, as well as cost-effectiveness. The balanced scorecard (BSC) is a strategic management tool that began as a strategic measurement system. A BSC consists of strategic objectives and performance indicators that are in line with the organisation’s mission and strategy. The literature on employing multicriteria decision-making methods (MCDM) to simulate a BSC is extensive. The goal of this research is to employ the BSC to undertake a conceptual analysis of the performance of logistics companies in Jordan. The proposed strategy was then implemented in a company that works in the food industry. Managers were questioned after the application regarding the method and the implementation procedure. They discovered that the procedure was useful, but that it took a long time.","PeriodicalId":496541,"journal":{"name":"Corporate and business strategy review","volume":"52 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135156458","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}
Valentino Budhidharma, Roy Sembel, Edison Hulu, Gracia Ugut
{"title":"Early warning signs of financial distress using random forest and logit model","authors":"Valentino Budhidharma, Roy Sembel, Edison Hulu, Gracia Ugut","doi":"10.22495/cbsrv4i4art8","DOIUrl":"https://doi.org/10.22495/cbsrv4i4art8","url":null,"abstract":"The purpose of this study is to develop a new model to explain financial distress in Indonesia. There have been many theories, variables, and estimation methods used by previous studies about early warning signs of financial distress. Unfortunately, there are few studies on this subject using a combination of theories, random forests (RF) as the machine learning algorithm, and logit as the statistical method, especially in Indonesia. By using the RF, it is expected the study can get an improved combination of classification and regression tree (CART) and bagging (Breiman, 1996). The samples used are most sectors in Indonesia Stock Exchange (IDX) from 2005 to 2020, excluding the financial sector. The results show that cash to total assets (CTA), retained earnings to total assets (RETA), quick assets to total assets (QATA), earnings before tax to current liabilities (EBTCL), total liability to total assets (TLTA), total sales (TS), book value per share (BVPS), and market to book ratio of the firm (MB) have a negative significant association with the probability of firms in distress. While current assets to total assets (CATA), quick assets to current liabilities (QACL), total liabilities to market value of total assets (TLMTA), total assets (TA), and interest rate (INTEREST) have a positive significant association with the probability of firms in distress. In conclusion, to avoid financial distress firms must have good selling while maintaining enough cash flow to fulfill their short-term liabilities. Firms must also keep on growing to become bigger so they can withstand more crises. This condition must be supported by a conducive interest rate. Another result shows that combining theories, random forests, and logit can be used to build a new financial distress prediction model. The second result is a new enlightenment since this method can be used to develop many new financial study models, not only using logit estimates but also other estimation methods.","PeriodicalId":496541,"journal":{"name":"Corporate and business strategy review","volume":"67 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135841182","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}
Nur Syahirah Mohammad Nasir, Muhammad Shahrul Ifwat Ishak, Farah Adlina Ahmad Jamaluddin
{"title":"The strategy of Islamic crowdfunding models in supporting single mother entrepreneurs in the emerging market: A qualitative analysis","authors":"Nur Syahirah Mohammad Nasir, Muhammad Shahrul Ifwat Ishak, Farah Adlina Ahmad Jamaluddin","doi":"10.22495/cbsrv4i4art9","DOIUrl":"https://doi.org/10.22495/cbsrv4i4art9","url":null,"abstract":"Nowadays, crowdfunding offers various benefits in supporting entrepreneurs to begin or expand their businesses. This unique financial concept has become a new alternative source of business funding. Crowdfunding can support certain groups of entrepreneurs, particularly single mother entrepreneurs, as they have experienced challenges accessing funds from government agencies or financial institutions. This study explores the potential of Islamic crowdfunding as an alternative source of funds for this group. The data are obtained through semi-structured interviews with eleven experts in related fields based on a qualitative research approach. This study found that single mothers can be successful entrepreneurs as far as they are provided with training, funding and monitoring. Islamic crowdfunding can be potential alternative funding to support their business through various instruments like mudharabah, infaq and qard, depending on business projects and the background of entrepreneurs. Although the number of respondents for this study is still limited because of the qualitative design, it has enriched the current literature on crowdfunding and proposed several Islamic crowdfunding models to support single mother entrepreneurs in Malaysia.","PeriodicalId":496541,"journal":{"name":"Corporate and business strategy review","volume":"73 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135908528","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}
Ahmad Faisal Hayek, Mohammad Salem Oudat, Basel J. A. Ali, Talal Al-Alkawi, Mohammed Fawzi Abu El Haija
{"title":"Corporate governance and cost of equity: An empirical investigation of the United Arab Emirates stock market","authors":"Ahmad Faisal Hayek, Mohammad Salem Oudat, Basel J. A. Ali, Talal Al-Alkawi, Mohammed Fawzi Abu El Haija","doi":"10.22495/cbsrv4i4art3","DOIUrl":"https://doi.org/10.22495/cbsrv4i4art3","url":null,"abstract":"The set of rules, laws, and procedures that lead and regulate a firm is known as corporate governance (Alqaraleh et al., 2022). The primary objective of this study was to investigate the effect of the corporate governance index on the cost of equity for businesses listed on the United Arab Emirates (UAE) Stock Exchange. This study gathers data from yearly reports from 2015 to 2021 in order to test hypotheses using multiple linear regression models to analyze the gathered data. The independent variable of the corporate governance index in our research consists of eight distinct corporate governance characteristics. According to the findings of our investigation, there is a negative correlation between corporate governance and equity capital cost. This indicates that the quality of corporate governance may lower the cost of capital. In order to improve the quality of financial reporting, we advocate implementing a robust corporate governance framework and reducing information asymmetry, i.e., increasing transparency and agency conflict, therefore, attracting financial investors and suppliers, enhancing the capital market, and absorbing the organization’s required financial resources at a reduced rate. The study results suggest that corporations might minimize the cost of equity by creating excellent corporate governance. In the cost of equality, the result of the study emphasizes the significance and efficacy of corporate governance.","PeriodicalId":496541,"journal":{"name":"Corporate and business strategy review","volume":"75 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135400814","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":"Saudi Arabian entrepreneurship ecosystem and microfinance","authors":"Muhammad Khan Rahatullah","doi":"10.22495/cbsrv4i4art5","DOIUrl":"https://doi.org/10.22495/cbsrv4i4art5","url":null,"abstract":"Microfinance is an important component of the entrepreneurship ecosystem (Iansiti & Levien, 2004). This research explores prominent microfinance models and introduces leading microfinance institutions, in a certain format, practicing these models across the globe. Using primarily qualitative methods of investigation, it then identifies the use of microfinance by different organizations in Saudi Arabia. The study contributes a model of microfinance in Saudi Arabia upon the contemporary conventions, procedures, and practices (Saudi Arabian microfinance model, SAMFIN). It would assist the microfinance landscape and practices of leading institutions. Eventually, the study would ascertain and pinpoint the challenges and opportunities for the Saudi Arabian entrepreneurship ecosystem stakeholders to introduce the changes and additions required to make the Saudi microfinance landscape more dynamic, and vibrant, and contribute to and satisfy the community needs. Also provided is a brief impact of the Saudi Vision 2030. This work would offer guidance and learning for practitioners, lenders, borrowers, and academics alike both in and outside the country. It can be concluded that the loan limit in Saudi Arabia is substantially high and equals $2666; the microfinance in Saudi Arabia is evolving and the differences identified and discussed above imply that the SAMFIN and global models are quite different in approach and modalities.","PeriodicalId":496541,"journal":{"name":"Corporate and business strategy review","volume":"66 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135556546","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":"Non-financial risk disclosure practice: Evidence from Saudi Arabian listed companies","authors":"Faizah Alsulami","doi":"10.22495/cbsrv4i4art12","DOIUrl":"https://doi.org/10.22495/cbsrv4i4art12","url":null,"abstract":"This study employs content analysis to analyse non-financial risk disclosure (NFRD) practices within the annual reports of Saudi listed companies over eight years (2010–2017). The data gathered shows that the levels of average NFRD are moderate. The descriptive results show that the average level of NFRD in the sample is 35.33%. This number is much lower than that reported in other studies elsewhere (Elamer et al., 2020; Konishi & Ali, 2007; Ntim et al., 2013). For example, Linsley and Shrives (2006) and Rajab and Handley-Schachler (2009) find that the mean of risk disclosure is 78 and 95 sentences for UK listed firms, respectively. Konishi and Ali (2007) report that Japanese companies offer 47 risk sentences on average. Thus, NFRD in Saudi Arabia appears to be smaller compared to other studies. The low level of NFRD in Saudi Arabia could be mainly clarified by the absence of enforcement. Throughout the study, there were no compulsory requirements for Saudi listed companies to offer information regarding risk or non-financial risk in their annual reports. The rise in the categories of risk-non-financial risk disclosures is more pronounced in the process risk where process risk disclosure grew from 27 (33%) in 2010 to 41 (50%) in 2017. Product, legal, and ethical risk disclosure appeared to be the most frequently disclosed risk, while the Shariah risk is significantly lower. The lack of Shariah risk disclosure can be explained by the fact that only two sectors substantially apply Shariah contracts such as Murabaha, Ijarah, and Istisnaa into their operations. The results of this study have the potential to support those preparing financial reports in firms, as well as regulators to enhance corporate NFRD practices and help investors and other key stakeholders.","PeriodicalId":496541,"journal":{"name":"Corporate and business strategy review","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136208003","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":"Applying ChatGPT as a new business strategy: A great power comes with great responsibility","authors":"Pongsakorn Limna, Tanpat Kraiwanit, Kris Jangjarat, Yarnaphat Shaengchart","doi":"10.22495/cbsrv4i4siart2","DOIUrl":"https://doi.org/10.22495/cbsrv4i4siart2","url":null,"abstract":"ChatGPT (Generative Pretrained Transformer) is currently the most sophisticated chatbot. It can create impressive prose in seconds, unlike other chatbots, and it has generated a lot of hype and doomsday predictions when it comes to student assessment in higher education and a variety of other topics (Rudolph et al., 2023). Nonetheless, despite its impressive capabilities, various reports on ChatGPT have consistently revealed significant remaining challenges (Bang et al., 2023). This study aims to explain the advantages and disadvantages of ChatGPT. A qualitative approach was conducted. In-depth interviews were used with ten key informants, employing purposive sampling. Content analysis and NVivo were utilised to analyse the data. The findings revealed that ChatGPT is a natural language processing (NLP) tool that has the potential to revolutionise the way we communicate. This artificial intelligence (AI) technology can generate text, allowing users to easily create personalised content, and it has gained widespread popularity. However, the reaction has been mixed, with praise for its benefits and potential applications offset by criticism of its limitations and potential drawbacks. Furthermore, ChatGPT is an extremely effective tool. However, it cannot replace human thought and, if not properly fine-tuned, it has the potential to produce biased or insulting content. Thus, it is critical to bear ethical considerations in mind when implementing this technology.","PeriodicalId":496541,"journal":{"name":"Corporate and business strategy review","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135559390","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":"Determinants of payment compliance of the national health insurance among non-salaried participants","authors":"Nurul Istiqomah, Izza Mafruhah","doi":"10.22495/cbsrv4i4art6","DOIUrl":"https://doi.org/10.22495/cbsrv4i4art6","url":null,"abstract":"This study analyzed the compliance of non-salaried participants, in paying the monthly premium of the National Health Insurance (known as Jaminan Kesehatan Nasional, JKN) in Indonesia. The sustainability of this program is essential to realize universal health coverage (UHC) in the country, and its success heavily relies on the compliance of its participants in paying the premiums. Non-salaried workers constitute a membership category with a lower level of compliance in paying premiums compared to salaried workers and premium contribution beneficiaries. This study used the logit regression method and revealed significant findings. Specifically factors such as age, income stability, payment point, decision maker, and distance to health facilities were found to be associated with the compliance of private participants in paying the monthly premium of the JKN program. The study identified that older age is linked to higher compliance, and having a stable monthly income increases the probability of payment. Respondents who utilize bank auto-debit services for payments exhibit a higher level of compliance compared to those who make payments at modern mini-markets or e-commerce platforms. The joint decision-making by both spouses to participate in the JKN Program leads to higher compliance compared to decisions made solely by one spouse. Furthermore, the study discovered that a greater distance to health facilities corresponds to an increased likelihood of compliance in paying the monthly premium.","PeriodicalId":496541,"journal":{"name":"Corporate and business strategy review","volume":"100 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135594488","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}
Bambang Agus Sumantri, Suliyanto Suliyanto, Dwita Darmawati
{"title":"The competitive strategy of the village unit cooperative: Capability and innovation performance towards competitive advantage","authors":"Bambang Agus Sumantri, Suliyanto Suliyanto, Dwita Darmawati","doi":"10.22495/cbsrv4i4siart1","DOIUrl":"https://doi.org/10.22495/cbsrv4i4siart1","url":null,"abstract":"Dynamic capabilities can explain competitive advantage (Pisano, 2017; Teece et al., 1997). And superior business strategies are generally based on innovation (Hacklin et al., 2018). This study aims to examine the role of adaptive creative capabilities in the relationship between dynamic capabilities and innovation performance on competitive advantage. The sample consists of 106 units of analysis. The method used is to test the model and hypotheses using partial least squares-structural equation modeling (PLS-SEM). The results of the study show that dynamic capabilities have a positive effect on competitive advantage, innovation performance and adaptive creative capabilities. In addition, adaptive creative capability has a positive effect on innovation performance, but adaptive creative capability has no effect on competitive advantage. In addition, innovation performance has a positive effect on competitive advantage. The limitation of the research is village unit cooperatives (VUC) in 12 districts of East Java Province, Indonesia. This research is the first model to investigate the role of dynamic capabilities, adaptive creative capabilities, and innovation performance on competitive advantage in the Southeast Asian region, especially Indonesia. This study contributes to the literature on VUC management practices. VUC must encourage the effectiveness of dynamic capabilities, adaptive creative capabilities and innovation performance to achieve better competitive advantage.","PeriodicalId":496541,"journal":{"name":"Corporate and business strategy review","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135449832","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}