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Original Research Article
ABSTRACT
Manufacturing firms are crucial for Kenya's economic growth and industrialization efforts aligned with Vision 2030 objectives. However, recent trends show a decline in competitive advantage for these firms, reflected in decreasing market share, customer loyalty, and sales growth. To address this, firms have adopted innovative strategies like process, product, and technology innovation to enhance their competitive edge. The decline in competitive advantage poses risks to profitability, market position, and long-term sustainability, underscoring the importance of investigating the impact of innovation strategies on the competitive advantage of ceramic manufacturers in Kenya. Therefore, the purpose of the study is to evaluate the relationship between innovation strategies and the competitive advantage of ceramic manufacturers in Kenya. The purpose of the study was to ascertain how Kenyan ceramic producers' competitive advantage was impacted by innovation in technology, products, and processes. The study used a desktop research approach, and theme analysis was used to examine the data. The study discovered that Kenyan ceramic producers' competitive edge stems from process innovation. Furthermore, the results showed that Kenyan ceramic producers' competitive advantage stems from product innovation. The results also showed the impact of technological innovation on Kenyan ceramic producers' competitive edge. The study concluded that Kenyan ceramic producers had a competitive edge due to process, product, and technological innovation. Manufacturers of ceramics must take a whole-hearted commitment to innovation, covering all facets such as procedures, goods, and technology.
ABSTRACT
The aim of this research is to present and evaluate corporate governance framework for insurance companies in Indonesia based on previous researches related to corporate governance and The Indonesia Financial Services Authority Regulation. We evaluate concerning to governance objectives that include protecting shareholder interests, enhancing shareholder value, ensuring accountability, managing risk, promoting ethical behavior, transparency and disclosure, balancing interests, strategic decision-making, compliance with laws and regulations, efficient operations, long-term sustainability, stakeholder engagement, adapting to change, creating a positive reputation, and facilitating investment. We discuss the corporate governance framework for insurance companies in Indonesia based on the Indonesia Financial Services Authority regulation that states governance structure, corporate governance code, self-assessment & governance report, governance process and corporate governance principles to meet governance objectives. Although every year all insurance companies report corporate governance, but some companies have been stopped by the Authority. This raises research problems for the future relating to why insurance companies that have complied with corporate governance provisions have been stopped by the Authority.
Original Research Article
ABSTRACT
This study seeks to examine the effect of corporate governance and firm’s characteristics on corporate social responsibility disclosure (CSRD) of highly polluted industries. The sample of this study consisted of 250 data from 125 companies of basic material, chemicals, and energy sectors listed in the Indonesia Stock Exchange from 2020-2021. The result shows that ownership concentration has a negative effect on CSR disclosure. Audit committee and firm’s size positively affect corporate social responsibility disclosure. Meanwhile, the board size and leverage do not affect CSR disclosure. This study provides policy implications to identify governance systems and firm’s characteristics at increasing CSR awareness. The paper highlights the research context of the highly polluted industry, indicating a specific sector with unique challenges and implications for CSR. By focusing on these industries, the research aims to provide insights into opportunities associated with CSR disclosure in highly polluting sectors.
Original Research Article
ABSTRACT
The aim of this study was to investigate the impact of Job Insecurity and Burnout on Turnover Intention while considering Basic Psychological Needs Satisfaction as a potential mediator. The methodology employed in this research was quantitative, utilizing Structural Equation Model-Partial Least Square (SEM-PLS) analysis. A sample size of 113 respondents was selected using simple random sampling. The findings of this study demonstrate that heightened levels of job insecurity and burnout among employees lead to an increase in turnover intention within the organization. However, it was observed that increased satisfaction with basic psychological needs does not necessarily correlate with decreased turnover intention. Furthermore, the reduction in job insecurity and burnout does not consistently result in enhanced satisfaction of basic psychological needs among employees. Notably, basic psychological needs satisfaction did not mediate the relationship between job insecurity, burnout, and turnover intention in this study. Recommendations derived from this study suggest that future research endeavors should explore and refine the research framework across different sectors, thereby scrutinizing basic psychological needs satisfaction as a mediating variable. Expanding the respondent pool size is also advocated to yield more generalized findings.
ABSTRACT
In insurance company, human resources play important vital in creating competitive advantage and to achieve objectives. This research aims to explore various problems that exist in insurance companies related to human capital based on a literature review. These various problems include strategic role of human capital to create and maintain competitiveness, manage top talent, govern good corporate, foster innovation in rapidly changing industry and environment, plan work-life balance, to improve service to customers, and increase company’s performance and to maintain company sustainability. The results of this research show that insurance companies face several problems and these can be resolved by increasing the competency and empowerment of all human resources.
Original Research Article
ABSTRACT
Musandam's vibrant food service industry is integral to its tourism, facing challenges with substantial waste and inefficiencies in resource management. The study transcends conventional reuse strategies, focusing on pioneering circular innovations poised to revolutionize small and medium-sized enterprises (SMEs) for a sustainable and prosperous future. Examining the implementation and potential of circular economy innovations among SMEs, the study investigated cutting-edge technologies and business models to drive resource efficiency, create fresh economic opportunities, and nurture sustainability. It aimed to blueprint a successful transition to a circular economy through empirical analysis, aligning with national sustainability objectives and environmental conservation. The study assessed resource utilization and waste streams across diverse SME sectors, identified promising circular innovations, developed a comprehensive roadmap for a successful circular transition, and evaluated these innovations' economic, environmental, and social impacts. The research hypothesis posits that these innovations significantly enhance resource efficiency, diminish waste, and elevate performance compared to traditional methods. Employing a holistic framework informed by circular economy theory, sustainability frameworks, and quantitative method data analysis, the research considered technological advancements tailored to various sectors' specific needs. This approach aims to foster a sustainable and thriving future for Musandam's SMEs, harnessing the transformational potential of circular innovations. The study culminated in a comprehensive roadmap, encompassing technical guidance and policy frameworks to empower the entire sector. Beyond waste reduction, it scrutinized effects on employment, profitability, and community well-being, ensuring a sustainable trajectory for Musandam's food service sector aligned with Oman's Vision 2040 goals. Equipping businesses with tools .........
Original Research Article
ABSTRACT
In the condition of raw materials price rising, companies needs to know how to utilize the resources they have to create value. Besides that they need to assess whether the utilization of resources they have done so far has been effective in helping the company to generate profits. This study is a quantitative study aims to analyze the effect of Competitive Advantage, Intellectual Capital, and Concentrated Ownerships on Firm Value with Firm Size Used as Moderating Variable. Sampling was carried out using the purposive sampling method, the number of samples selected was 87 samples from 29 companies. The analysis was carried out using the panel data regression method, and for data processing using the Econometrical Views (Eviews) 12 application. The results showed that Competitive Advantage affects Firm Value, while Intellectual Capital and Concentrated Ownership doesn’t affect Fim Value. Firm Size is able to moderate the effect of Competitive Advantage and Concentrated ownership on Firm Value, but unable to moderate the effect of Intellectual Capital on Firm Value.