Asian Journal of Business and Accounting最新文献

{"title":"Financing Resources of SMEs and Firm Performance: Evidence from Korea","authors":"H. Kim, Kyung-shick Cho","doi":"10.22452/AJBA.VOL13NO2.1","DOIUrl":"https://doi.org/10.22452/AJBA.VOL13NO2.1","url":null,"abstract":"Manuscript type: Research paper \u0000Research aims: This study investigates the effects of financing resources on firm performance and efficiency among the SMEs of Korea. It also examines the relevance of various factors between the sources of financing and corporate performance and efficiency. \u0000Design/Methodology/Approach: Data taken for empirical analysis are those from 2011 to 2016. Samples are taken from the Korea Composite Stock Price Index (KOSPI) and Korea Securities Dealers Association (KOSDAQ) companies listed on the Korea Exchange. To examine the relationship between financing resources and firm performances, we employ a structural equation model (path model) derived from AMOS 24 of the SPSS. \u0000Research findings: Results show that SME’s internal finance and institutional finance have a positive effect on firm performance but other capitals have a negative effect on firm performance. Internal finance and corporate credit contribute to better efficiency whereas institutional finance has a significant negative impact on efficiency. These findings suggest that there are differences between financing resources and firm performance. Results also show that institutional finance has a negative impact on growth while other capitals have a positive effect on growth. \u0000Theoretical contribution/Originality: This study is unlike past studies; it examines the impact of financing sources on performance.The outcome derived adds to the existing literature on SMEs’ preferences towards various financing sources. The samples of this study comprise companies listed on the Korean Stock Exchange. A few studies have examined the relationship between financing resources of Korean SMEs and organisational performance in detail, thereby highlighting that the SMEs’ financing behaviour in Korea is different from other countries. The results of this study can be applied to other countries which may be similar to Korea. \u0000Practitioner/Policy implication: Our findings offer insights which can help investors, businessmen, and policymakers who are interested in the Korean Stock market to make better decisions. The results drawn from this study can be used by the respective parties to make better corporate policies with regards to financing and corporate performance. \u0000Research limitation/Implications: Future research may consider separating the financial cycles from the growth cycles, or to focus on firm size by dividing firms into large, medium, and small companies. From this study, we conclude that the most important source of financing for SMEs is internal finance which has a positive effect on corporate performance.","PeriodicalId":54083,"journal":{"name":"Asian Journal of Business and Accounting","volume":"13 1","pages":"1-26"},"PeriodicalIF":0.9,"publicationDate":"2020-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42326984","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":"Managing the Obligation to Stay through Employee Involvement, Recognition and AMO Model: A Study Among Millennial Employees","authors":"R. Hassan, Elaina Rose Johar, Norzanah Mat Nor","doi":"10.22452/AJBA.VOL13NO2.4","DOIUrl":"https://doi.org/10.22452/AJBA.VOL13NO2.4","url":null,"abstract":"Manuscript type: Research paper \u0000Research aims: The aim of this paper is to investigate the impact of human resource practices, namely employee involvement and employee recognition, on normative commitments. It also attempts to determine the role of the ability, motivation and opportunity (AMO) model as a mediator in the relationship associated with human resource practices, and normative commitments. \u0000Design/Methodology/Approach: Data were collected across 168 employees, working in small and medium enterprises (SMEs) in Selangor, Malaysia. Structural equation modelling with bootstrapping estimation was used to predict and estimate the relationships. \u0000Research findings: The results indicate that both employee involvement and employee recognition have a significant impact on the normative commitment. This study however, indicates no mediation effect on both of these relationships. \u0000Theoretical contribution/Originality: This study seeks to compliment and extend the human resource (HR) practice and organisational commitment literature base by incorporating the AMO model as a mediation variable. \u0000Practitioner/Policy implication: The underlying messages to HR practitioners and also SMEs owners are that employee involvement and employee recognition are amongst the most important HR practices to be employed in the current working environment, which will soon be dominated by the millennials. Organisations should focus on exhibiting a great working environment that involves employees in daily work activities, and promotes recognition programmes that motivates employees’ retention rates. \u0000Research limitation: Data were collected through the use of a questionnaire in a designated period of time, and did not permit causal inferences. Moreover, it only focusses on service sectors of SMEs, and therefore the results may not be as generalised as one sought it to be.","PeriodicalId":54083,"journal":{"name":"Asian Journal of Business and Accounting","volume":"22 7","pages":""},"PeriodicalIF":0.9,"publicationDate":"2020-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41265639","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":"Does India Need a Shared Ride-Hailing Now More than Ever? Understanding Commuter’s Intentions to Share Ridesailing Now than Ever ? Understanding Commuters’ Intention to Share Rides","authors":"P. Goel, Piali Haldar","doi":"10.22452/AJBA.VOL13NO2.10","DOIUrl":"https://doi.org/10.22452/AJBA.VOL13NO2.10","url":null,"abstract":"Manuscript type: Research Paper \u0000Research aims: The purpose of the study is to establish causal relationship between antecedents   of shared ride-hailing service (perceived usefulness (PU), perceived ease of use (PEU), trust, perceived risk(PR)) and intention to share ride. Further, the moderating role of gender and car ownership has also been investigated. \u0000Design/Method/Approach: Structural equation modelling (SEM) was applied to analyze the responses of 355 Indian participants. \u0000Research Findings: Findings revealed that all the four factors that is PU, PEU, trust, and PR significantly influence commuters’ intention to use shared ride-hailing service. Further, gender moderates the strength of relationship between PU and intention to use and PR and intention to use. While car ownership moderates the strength of relationship between PU and intention to use only. \u0000Theoretical contributions/ Originality: This study is first to identify the role of trust and PR together on intention to use shared ride-hailing service in Indian context. \u0000Practitioner/ Policy Implications: Using the insights of the study marketers should focus more on reducing the risk factor attached with shared ride-hailing service especially among women riders. Moreover, new plans should be introduced to woo car owners to use the service. \u0000Research limitation: The study collected the data from mega city of the country. Further studies can focus tier 2 cities to investigate commuters’ intention to use shared ride-hailing service.","PeriodicalId":54083,"journal":{"name":"Asian Journal of Business and Accounting","volume":" ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2020-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45375168","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":"Effectiveness of Management Accounting System in Public Healthcare Sector: An Empirical Investigation in Vietnam","authors":"Quang-Huy Ngo","doi":"10.22452/AJBA.VOL13NO2.6","DOIUrl":"https://doi.org/10.22452/AJBA.VOL13NO2.6","url":null,"abstract":"Research aims: The purpose of this study is to investigate the impact of the decentralized structure on the effectiveness of MAS in the Vietnamese public healthcare sectors.  \u0000Design/Methodology/Approach: Data collected from 165 respondents working at public healthcare organizations was used to test the proposed model. A PLS-SEM was used to assess the models. Assessment of common-method bias was also examined to ensure the findings' validity.  \u0000Theoretical contribution/Originality: This study contributes to the MAS literature in Vietnam by extending previous studies' findings. This study also contributes to the contingency literature by assessing the effects of cartesian contingency mediation in MAS studies. \u0000Practitioner/Policy implication:  This study provides some suggestions to practitioners, which strongly emphasizes the crucial role of the structure of healthcare organizations. \u0000Research limitation/Implication: The results subject to the limitation of generalizations and missing the pilot tests as well as the use of self-rating measuring performance.","PeriodicalId":54083,"journal":{"name":"Asian Journal of Business and Accounting","volume":"13 1","pages":"147-180"},"PeriodicalIF":0.9,"publicationDate":"2020-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49218863","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":"An Analysis of Japan’s Quality Movement from the Meiji Period until the Present Day: A Synthesized Perspective","authors":"Svetoslav Georgiev, S. Ohtaki","doi":"10.22452/AJBA.VOL13NO2.3","DOIUrl":"https://doi.org/10.22452/AJBA.VOL13NO2.3","url":null,"abstract":"Manuscript type: Research paper \u0000Research aims: This paper has a tri-fold purpose. First, we seek to establish whether Japan’s focus on quality manufacturing was a conscious choice. Second, we attempt to analyse the impact of the external environment on the success/failure of quality upgrading. Third, we investigate whether Japanese businesses, regardless of the shifts in the competitive environment in the last two decades, continue to explore quality management as a strategic weapon for competitiveness. \u0000Design/Methodology/Approach: The study is based on a systematic literature review using two of the main scientific databases – JSTOR and Emerald. The scientific papers used for this synthesis – over sixty manuscripts in total – have (predominantly) focused on the quality movement in Japan at a national/country level. These are peerreviewed articles published between 1980 and 2018 that go beyond the field of operations/quality management. \u0000Research findings: We show that Japan’s focus on quality upgrading was a conscious choice that sought to elevate the country’s economy.Moreover, we identify a number of external factors (e.g. government support, sound formal institutions) – four, specifically – that, according to our analysis, have been critical to Japan’s success in quality manufacturing. Finally, we show that regardless of the (recent) shifts in the competitive environment, (product) quality improvement continues to take a central part in Japan’s pursuit of global economic dominance. \u0000Theoretical contribution/Originality: We claim that that this is the first comprehensive study of Japan’s quality movement to include scientific data from the Meiji Period until the present day (so far the bulk of the scientific papers have focused on the quality movement in post-war Japan). We also bridge a substantial gap in the QM literature regarding the influence of the external environment (e.g. political factors, social factors) on the success/failure in quality upgrading. \u0000Practitioner/Policy implication: The insights of this paper provide a valuable lesson to policy makers from developing and/or underdeveloped economies in their pursuit of economic growth. The study is also important to manufacturers from developing and/ or underdeveloped countries to understand their own quality management practices in comparison with those in Japan, which have the highest standards of manufacturing quality. \u0000Research limitation/Implication: Our literature search is admittedly not exhaustive as it involves only two of the main scientific databases.","PeriodicalId":54083,"journal":{"name":"Asian Journal of Business and Accounting","volume":" ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2020-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42158272","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":"Time-Varying Conditional Profitability of Momentum Strategies in Commodity Futures Market: Evidence from India","authors":"R. Jaiswal, Rashmi Uchil","doi":"10.22452/AJBA.VOL13NO2.9","DOIUrl":"https://doi.org/10.22452/AJBA.VOL13NO2.9","url":null,"abstract":"ABSTRACT \u0000Manuscript type: Research paper \u0000Research aim: This study aims to provide fresh evidence on the presence of momentum profitability in the Indian commodity futures market. \u0000Design/Methodology/Approach: This study is based on a sample of highly traded commodity future contracts of the Indian commodity market over the period from 2006 to 2017. It applies the conditional multi-factor model to test the time-varying performance of momentum strategies. \u0000Research findings: This study confirms the existence of exceptionally high abnormal momentum profitability in the commodity futures market despite the presence of transaction costs. However, the application of conditional multi-factor model suggests that momentum profits are basically time-varying. The low and insignificant correlation of momentum portfolios with stocks and bonds confirm that relative strength momentum portfolios of commodity futures can be effectively used to create a well-diversified portfolio. \u0000Theoretical contribution/Originality: This study analyses the time-varying conditional profitability of momentum strategies for the commodity market of emerging economies such as India. It enriches the small group of studies conducted on commodity futures in the Indian context. The major contribution of the study is the use of conditional multi-factor model to assess the possible role of time-varying conditional alpha and beta to define the momentum payoffs in commodity futures market for the Indian context. \u0000Policy implications: Policymakers should design more lucrative policies so as to attract the institutional investors for investment in the Indian commodity market. This is because domestic and foreign institutional investors are central to the enhancement and stability of the financial market. \u0000Research implications/Limitations: The study uses the 13 highly traded commodity futures contract to design the momentum strategies. The robustness of the high abnormal returns given by these strategies can be investigated further by the use of extended study period and expanded cross section of commodity futures contract.","PeriodicalId":54083,"journal":{"name":"Asian Journal of Business and Accounting","volume":" ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2020-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46179549","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 Mediating Effects of Place Satisfaction and Support for Community: An Evaluation of the Performance of Small and Medium Tourism Enterprises in Bangladesh","authors":"M. Akter, M. Alim, Rubaiyat Shabbir, Md. Borak Ali, Jee Teck-Weng, J. Kasuma","doi":"10.22452/AJBA.VOL13NO2.2","DOIUrl":"https://doi.org/10.22452/AJBA.VOL13NO2.2","url":null,"abstract":"Manuscript type: Research paper \u0000Research aims: This study aims to understand the impact of place identity on the performance of small and medium tourism enterprises (SMTEs). It also examines how place satisfaction and support for community mediate the relationship between place identity and the performance of SMTEs. \u0000Design/Methodology/Approach: This study focusses on the tourism industry of Bangladesh. Data comprise of 215 small and medium enterprises involved in tourism. Analysis is conducted using the partial least squares-based structural equation modelling (PLS-SEM). \u0000Research findings: Results suggest that place identity is related positively to place satisfaction, support for community, and firm performance. Surprisingly, support offered by the firm towards the local community did not contribute to firm performance. In this study, only place satisfaction plays a mediating role between place identity and firm performance. \u0000Theoretical contribution/Originality: This study expands on existing literature by providing empirical evidence on the factors that could affect the performance of SMTEs’ tourism business, in the context of Bangladesh. The inconsistency of the relationship between place identity and firm performance may be related to place satisfaction. \u0000 Practitioner/Policy implication: The findings can be useful for SMTEs, investors, travel agents as well as other stakeholders. \u0000Research limitation/Implication: Since this study is focused on the Bangladesh tourism sector alone, the results may not be generalised to other countries.","PeriodicalId":54083,"journal":{"name":"Asian Journal of Business and Accounting","volume":" ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2020-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47648383","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":"Decision Usefulness of Net Income versus Comprehensive Income: Case of Financial Firms in Malaysia","authors":"Chong Leong Yew, A. Latiff, Ong Tze San","doi":"10.22452/AJBA.VOL13NO2.8","DOIUrl":"https://doi.org/10.22452/AJBA.VOL13NO2.8","url":null,"abstract":"Research aims: This paper aims at investigating the decision usefulness, namely predictive power and value relevance, of Net Income (NI) in comparison with Comprehensive Income (CI) for financial firms in Malaysia. \u0000Design/Methodology/Approach: Panel data analysis techniques are used. An unbalanced panel data is obtained from 29 financial firms listed in Malaysia from 2012 to 2017. \u0000Research findings: Pertaining to predictive power tests, there is not enough evidence to conclude that one accounting metric has better predictive power than the other. In terms of value relevance, the results show that NI is better than CI using both Price and Return models. This indicates that NI is more decision useful to investors than CI for financial firms in Malaysia. \u0000Originality: This study expands on the literature on the decision usefulness of NI in comparison with CI for financial firms in the context of an emerging economy with a smaller and less efficient market in the Asian region such as Malaysia. This study is related to fair value accounting (FVA) where it is still underexplored in the Malaysian setting. Hence, this study may provide some insights to the financial statements’ users in understanding the effects of FVA on reported earnings in Malaysia where such evidence is lacking. \u0000Practitioner/Policy implications: The findings may assist investors in making better investment decisions in the Malaysian market. This study may benefit the academicians by offering a body of knowledge as a reference for furthering and broadening their research on this area in other jurisdictions. The paper may also be relevant to the standard setters, regulators, and policymakers as it offers empirical evidence on the decision usefulness of accounting information disclosure in the context of an emerging country such as Malaysia.","PeriodicalId":54083,"journal":{"name":"Asian Journal of Business and Accounting","volume":"13 1","pages":"213-244"},"PeriodicalIF":0.9,"publicationDate":"2020-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44310521","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 Impact of Servant Leadership on Follower Turnover Intentions: Mediating Role of Resilience","authors":"Norizah Mustamil, Usama Najam","doi":"10.22452/AJBA.VOL13NO2.5","DOIUrl":"https://doi.org/10.22452/AJBA.VOL13NO2.5","url":null,"abstract":"Manuscript type: Research paper \u0000Research aims: This paper aims to investigate the impact of servant leadership on turnover intentions within the context of higher education institutions (HEIs). It further examines how resilience affects the relationship between the two variables. \u0000Design/Methodology/Approach: Based on the conservation of resource theory, a research model has been developed and tested through a questionnaire survey approach. Data collected from 301 academics in HEIs in Pakistan were analysed using covariance-based structural equation modelling. \u0000Research findings: The study provides empirical evidence on the importance of having leaders who administer servant leadership, as this will help to reduce the turnover intention. It also reports the mediating effect of employee resilience. \u0000Theoretical contribution/Originality: This study expands the previous literature by focussing on the servant leadership type, which has potentially led to positive followers’ behaviour. It also fills the research gap by incorporating employee resilience as a mediating variable. \u0000Practitioner/Policy implication: Principals, directors and vicechancellors of HEIs should reconsider their leadership strategies to promote a positive working environment, as this will help to address the problem of employee turnover. \u0000Research limitation/Implication: Since the data were collected from Pakistan, it may not be possible to generalise the findings.","PeriodicalId":54083,"journal":{"name":"Asian Journal of Business and Accounting","volume":" ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2020-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47275578","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":"What Tickles Your Fancy? The Case of Technology and Engineering Students Becoming Entrepreneur","authors":"F. A. Khalid, Juhaini Jabar, M. Hasim, Nur Wahidah Jamaris","doi":"10.22452/ajba.vol13no1.10","DOIUrl":"https://doi.org/10.22452/ajba.vol13no1.10","url":null,"abstract":"Manuscript type: Research paperResearch aims: This research aims to investigate the factors affectingentrepreneurial intention among technology and engineeringstudents.Design/Methodology/Approach: Quantitative data were collectedfrom 210 students majoring in technology and engineering. Data arethen analysed using Smart PLS.Research findings: Findings indicate that perceived desirability, perceivedfeasibility, need for achievement and need for autonomy havea significant relationship with entrepreneurial intention. This studyhighlights the role of entrepreneurship education programme as themoderating variable among technology and engineering students.Theoretical contribution/Originality: This study expands on existingentrepreneurship literature. It looks at the issue from the perspectiveof technology and engineering students. The study seeks to determinethe role of entrepreneurship education programme as the moderatingvariable.Practitioner/Policy implication: The findings of this study indicatesthe importance of entrepreneurship programme as a platform forgraduate students to develop their entrepreneurial skills, which inturn would encourage them to be an entrepreneur.Research limitation/Implications: Since this study measures entrepreneurialintention rather than entrepreneurs’ actual behaviour,it has to be reminded that intentionality may not necessarily lead toactual behaviour.","PeriodicalId":54083,"journal":{"name":"Asian Journal of Business and Accounting","volume":" ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2020-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43366793","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}