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Journal of Business & Financial Affairs

ISSN: 2167-0234

Open Access

Volume 13, Issue 3 (2024)

Review Article Pages: 1 - 9

The Effect of the Interaction between Technological Performance and the Variables of the Governance Structure Specific to Small and Medium-Sized Enterprises on their Financial Performance (Case of the Tunisian LLCs)

Mabrouk Najoua*

DOI: DOI: 10.37421/2167-0234.2024.11.420

The present work proposes to analyze the effect of the interaction between technological performance and the variables of governance structure specific to the SME-LLC on their financial performance.

The majority of studies dealing with Small and Medium-Sized Enterprises (SME-LLCs) have mainly focused on the governance structure of this type of organization and its relationship with financial performance in this particular context while neglecting any other external factors. Based on the necessary theoretical framework, this research attempts to fill the gap in thinking on this topic by studying the impact of the specific governance structure of SME-LLCs on financial performance when moderated by the effect of technological performance.

The statistical results showed us the existence of a moderating effect of technological performance. This moderating factor seems to be able to improve and deteriorate the financial performance of the LLC.

Review Article Pages: 1 - 4

The Golden Path Forward for the US Dollar

Ivaylo Angelov*

DOI: 10.37421/2167-0234.2024.12.478

The US dollar has been the world's dominant reserve currency for decades, but its future is uncertain amid concerns about inflation, economic instability, and geopolitical tensions. One proposed solution to these challenges is to return to a gold-backed currency, which would provide a stable store of value and limit inflationary pressures. However, implementing a gold standard is not without challenges, including the need for significant gold reserves, limitations on monetary policy flexibility, and potential deflationary pressures. This paper explores the potential advantages and disadvantages of a gold-backed US dollar, as well as the practical considerations for implementing such a system. Alternative monetary systems, including fiat currencies, commodity-backed currencies, and crypto currency, are also examined. In addition, this paper analyzes the political feasibility of establishing a gold standard in the US and public opinion on the matter. Two linear models are presented to apply to the US dollar and the gold standard.

Review Article Pages: 1 - 7

Influence of Entrepreneurship Ecosystem Factors on Entrepreneurs' Growth Intention in Nepal

Krishna Khanal* and Bikram Prajapati

DOI: 10.37421/2167-0234.2024.12.470

Developing new businesses and expanding existing ones is crucial for a country's economic growth, leading to job creation and the opening of new markets. In the business world, growth is often viewed as a desirable objective because it serves as a very important indicator of a company’s achievement and plays a significant role in job creation, prosperity and economic advancement globally. To encourage entrepreneurship, a supportive ecosystem is necessary, consisting of various elements like people, organizations, government, and support systems that work together to foster business creation and growth. The perceptions of potential and current entrepreneurs about the entrepreneurship ecosystem play a significant role in their decision to pursue entrepreneurial activities. This study had as objective to find out the influence of entrepreneurship ecosystem factors on entrepreneur’s growth intention. A study of 158 entrepreneurs using a perception based survey examined entrepreneurs’ perception regarding seven factors of the entrepreneurship ecosystem and their impact on entrepreneurial activity. The study revealed socio-economic factors are positively associated with entrepreneur’s growth intentions.

Review Article Pages: 1 - 4

Talk as a Victim-Centered Response to Organizational Injustice: A Survey of TVET Institutions in SIAYA County

Ojwang George Omondi*

DOI: 10.37421/2167-0234.2024.12.469

Organizational justice is dedicated to the study of perceptions of fairness within the workplace. Hundreds of studies converge on the notion that justice matters, such that profound negative implications arise when individuals perceive unfairness. Previous research has sought to manage and repair violations of fairness through three distinct means: Managerial excuses and justifications, training interventions for managers, and remedies distributed by the organization. There is an ironic shortcoming with this generalization: It ignores the victim who is at the centre of an injustice. Herein lays the starting point of the current study. Putting the victim back into the forefront of justice research, this study examined the role of victims of workplace injustice in their own recovery process. The study introduced talk from clinical and social psychological literatures. Recovery was construed as a victim’s goal, with talk as the journey towards that goal. It asks; can victims recover from the negative effects of a fairness violation, and more specifically, can talk, that is, conversation with others, aid such a recovery process? Recovery is the emotional, cognitive and behavioral journey an individual goes through in order to work towards a resolution to their experience: It is a victim’s ongoing efforts to manage an injustice. A mixed methods design incorporating interviews and survey provided support for the presence of talk in the context of workplace injustice. Findings indicate the prevalence of a type of talk that embodies an emotion and cognition component, with anger and justice needs as the trigger for talk, and outcomes such as self-efficacy, a search for solutions, increased support and optimism, and lessened anger, all representing consequences of talk relevant for victim’s recovery.

Research Article Pages: 1 - 11

Supervisor Relationship Quality and Employee Commitment to Change in the Ghanaian Banking Industry

Gideon Sackitey*

DOI: 10.37421/2167-0234.2024.12.447

The success of every organization is largely dependent on the employee’s commitment to change which undoubtedly becomes possible when there exist a solid relationship between leadership and their subordinates in other words, employees and their supervisors. The purpose of this study is to assess supervisor relationship quality and employee commitment to change in the Ghanaian corporate organizations with emphasis on the banking sector in Ghana. The study employed descriptive survey to sample 201 bank staff from four banks through structured questionnaires. Both purposive and simple random techniques of sampling were employed by the researcher in selecting the samples. Data was analyzed and presented by the use of Statistical Package for Service Solution (SPSS). Tables and figures were given in frequencies and percentages and correlation and regression analysis was also performed. The study reveals that there is high quality relationship between supervisors and employees of banks in Ghana. Furthermore, affective commitment and normative commitment to organizational change predicts supervisor’s relationship quality in the banking sector of Ghana. The study also discovered a positive relationship between supervisor relationship quality and the three types of commitment to organizational change in the banking industry in Ghana. This study recommended that to create and sustain growth in an organization, management is advised to create favorable conditions to employees.

Research Article Pages: 1 - 7

The Impact of GSCM Practices and Green Innovation on Economic and Environmental Performance: A Case of Manufacturing Sector of Pakistan

Muneeb Siddiqu*

DOI: 10.37421/2167-0234.2024.12.447

Purpose/Objective: The goal of this analysis is to investigate the position of GSCM activities in environmental and economic performance as well as green innovation, while the effect of green innovation on these two outcomes.

Methodology: The study collected data from 142 respondents. The purposive sampling was adopted as the sampling technique. The target population consisted of the professionals from the supply chain industry in Karachi, Pakistan.

Findings: Results revealed that the affiliation between GSCM and green innovation and environmental performance is substantial and affirmative. However, green innovation has had a positive impact on environmental efficiency. Moreover, green innovation facilitated the partnership between GSCM and environmental efficiency.

Implications: It is recommended to manufacturer that reused, recycled or reassembled before the product is manufactured for detection of materials. It can help to minimize waste by organizing. Green procurement is a sustainable acquisition in which products are reduced, reused and recycled in the purchasing process.

Research Article Pages: 1 - 7

Investigation Credit Risk Management Practices and Financial Performance of Commercial Banks in Sri Lanka

Vidura Perera*

DOI: 10.37421/2167-0234.2024.12.447

The Financial system in Sri Lanka is one of the rapidly booming sectors in Sri Lankan economy. It comprises different aspects and Financial institutions. This research investigate the relationship between credit risk management and banks performance. The set objectives were the following; to examine what extent credit risk management and bank Financial and to identify the relationship between credit risk management and bank inancial performance. The performance to ind out problems faced by credit risk managers of BOC in managing credit risk and to evaluate the relationship between credit risk management and inancial performance of BOC. This study is expected to be signi icant to all Sri Lanka banking sectors, university of Jaffna, future researchers and the general public and the specially banking sector in Sri Lanka. The study used BOC Ampara area branch and 20 branch as a sample to represent other commercial banks in Sri Lanka. Out of 170 staff of Ampara area branch the researcher took a sample of 50 respondents to represent others. Primary data was obtained by extracting information from questionnaires designed and provides to the staff to get answers from different respondent composed of BOC staff from different level.

The researcher used a descriptive and analytical research based on both qualitative and quantitative data. Secondary data were collected from annual reports, books, journals, newspapers and internet materials. In research data is presented in form of tables, while analysis and interpretation were based on frequencies and percentages and correlations table. The research found that BOC has a credit management system though it needs to be reviewed and adopted more to current Sri Lankan environment. The research found that there is a direct relationship between credit risk management and inancial performance of commercial banks. The research recommended that BOC should review and improve its credit policy and adopt it to Sri Lankan market and context and BOC should provide continuous training and updates to its staffs and BOC also should be market orientation.

Research Article Pages: 1 - 6

The Impact of Hedging on the Market Value of Equity: A New Look Through a New Sample

James M Nelson*

DOI: 10.37421/ 2167-0234.2024.12.468

I use the Fama and French five-factor model to reexamine the seemingly anomalous result of Nelson, Moffitt, and Affleck-Graves, who document significant abnormal returns for firms that hedge. Applying the latest five-factor model on a new sample of U.S. firms from 2013-2021, I observe significant monthly abnormal returns of 0.274% (3.34% annually) for firms using derivative securities (hedgers). Additional analysis shows mixed results regarding the economies of scale and managerial sophistication hypotheses that predict any abnormal returns from hedging should be confined only to large firms.

Research Article Pages: 1 - 10

The Effect of the Governance Structure of Small and MediumSized Enterprises and the Specific Human Capital of their Managers on their Technological Performance (Case of the Tunisian LLCs)

Mabrouk Najoua*

DOI: 10.37421/2167-0234.2024.12.443

The main objective of this research is to study the impact of the governance structure and the specific human capital of the leaders of the Small and Medium-Sized (SME) on their technological performance. Empirical tests were conducted on SPSS from companies having the statue of Limited Liability Company (LLC). To address this research issue, we analyzed the link between governance and technologic performance in the first section. Then, based on financial theories we formulated a set of hypotheses related to the influence of corporate social responsibility, the concentration of ownership, the presence of auditor, the behaviour of the risk-taking versus non-risk-taking of manager, the age, the experience and the family ownership of the manager on technological performance. The results of the empirical tests indicate that the governance structure had a positive effect on technological performance. Conversely, the empirical tests show that the age and the plurality of manager had negative effects on technological performance.

Research Article Pages: 1 - 3

Environment Performance of Environmental Sensitive Industries: A Study on Selected Indian Companies

Prarthana Mishra*, Jayashree Jethy and Sabat Kumar Digal

DOI: 10.37421/2167-0234.2024.12.443

Environmental report communicates an organization’s environmental performance to the stake holders and the public at large. Environmental performance can be in the form of a simple public relation statement or a detailed report on environmental performance with future plans. Among the three sectors of Indian industries i.e., primary (agriculture), secondary (manufacture), tertiary (service sector), the secondary sector which is the manufacturing sector contributes adversely to the environment. This adverse impact is due to its bad waste management. This paper has taken into account twelve Environmental Sensitive Industries (ESI) of Nifty. Environmental information’s are collected from annual reports and sustainability reports by the help of content analysis. The objective of the paper is to study the impact of environmental reporting on environmental performance.

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Citations: 1726

Journal of Business & Financial Affairs received 1726 citations as per Google Scholar report

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