Industrial Business Research Articles

Tenant Business Characteristics and Commercial Real Estate Portfolio Fundamental Performance

This paper extends the literature on tenant characteristics and concentration on REIT performance. It fills in the knowledge gap of understanding how tenant business characteristics influence risk-return performance of directly held commercial real estate portfolios. Unlike the literature, it avoids compounding the peripheral information of financial leverage and capital market volatility into analyses for publicly traded real estate portfolios. We build a unique database of direct real estate by manually collecting fair value and rental value of investment real estate from annual reports of publicly traded real estate companies or trusts in New Zealand. Sharpe ratio and its significance on Z-statistic are analyzed and compared across twenty-four hypothetical portfolios sorted by geographic region, real estate sector and tenant business characteristic, respectively. It is found that certain tenant business industry can provide significantly superior performance during the entire sample period over other hypothetical portfolios. Specific tenant business industry and real estate sector show strong resilience to the 2007 global financial crisis. Tenant headquarter location signals commercial real estate risk-adjusted return performance. Our findings can facilitate researchers to extend their exploration of publicly traded real estate portfolios and help the understanding of market efficiency for commercial real estate and its related markets.

Effects of gender equality and social costs of failure on early-stage entrepreneurship activity

PurposeIn this study, we question: how do the social costs of failure interact with gendered institutions to affect the early stage entrepreneurship activity? We address this question by employing the institutional theory and a unique dataset of 286,989 entrepreneurs across 35 countries.Design/methodology/approachTo test our hypotheses, we use a multilevel modeling analysis that nests individual entrepreneurs within the countries. To capture individual and country-level variables, we constructed a unique dataset that combines data from the Global Entrepreneurship Monitor (GEM), European Flash Barometer (EUFB), World Bank Development Indicator (WDI), World Bank Doing Business Report (WBDB) and World Economic Forum (WEF).FindingsOur analysis confirms that higher levels of the country-level gender equality positively correlate with the early-stage entrepreneurship activity of women. Moreover, we find that this positive relationship is amplified in institutional environments with high social costs of failure, suggesting that societal intolerance for failure can exacerbate the negative effect of gender inequality on the participation of women in entrepreneurship.Research limitations/implicationsOur research contributes to academic interest on the role of legitimacy in women entrepreneurship and is of particular interest to international business scholars, seeking a better understanding of multidimensional construction of institutional frameworks across countries. In this study, we set out to address an important research question: how do the social costs of failure interact with gendered institutions to affect entrepreneurship activity? Our study provides a comprehensive portrait of gendered institutions by including the framework conditions of education, healthcare and political power. We found that in societies with gender equality, the likelihood of individuals engaging in the early-stage entrepreneurship activity is higher and that the positive relationship is strengthened in national environments with high social costs of failure.Practical implicationsOur study findings underscore the need for government policies addressing global gender gaps in economic empowerment. In particular, policies assisting women in obtaining education in high-growth industries like information technology or providing funding to women-dominated industries may foster activity for women seeking to do business in such industries. Such policies connect the early-stage entrepreneurship activities with gender equality concerns and initiatives.Social implicationsRegarding the social costs of failure construct, specifically, prior studies generally focus narrowly on the context of failed entrepreneurs. We cast a wider net on men and women entrepreneurs’ entry decisions (irrespective of prior experience with business failure) and provide new views on the effects of social costs of failure on entrepreneurial ecosystems. We also extend the research on the legitimacy of women as entrepreneurs with the gender equality construct.Originality/valueUnlike previous studies, which often focus on the “3Ms” of market, money and management, our research adopts a more holistic perspective. We recognize that the opportunities and challenges faced by entrepreneurs are shaped not only by individual skills and resources but also by the broader macroenvironment. By incorporating the framework conditions of education, healthcare and political power, alongside the intricate interplay of social costs and norms, our study paints a comprehensive picture of the landscape of female entrepreneurship.

Финансирование лизинговых проектов в условиях макроэкономической нестабильности

The study identifies the place of leasing in the Russian financial system, and evaluates the dependence of the volume of new business in the leasing industry on such macroeconomic indicators as the GDP growth rate and the level of the key rate in the country. The volume of a new business is as a numerical indicator showing the amount of transactions concluded over a certain period for which purchased equipment was leased. This information might be useful for the leasing companies to set goals for the volume of leasing projects, based on the macroeconomic situation, and to assess their risks. The object of the study is the Russian leasing market (a set of leasing projects), including the relationship of leasing companies with other financial institutions — banks and insurance companies; the subject is the volume of new business.

Pemberdayaan Ekonomi Masyarakat Melalui Home Industri Tenunan Kain Buton Kota Baubau

Community empowerment is aimed at people or groups who are vulnerable and weak so that they have the ability to fulfill basic needs, reach productive sources, and participate in development. Community empowerment is one of the factors that determines the economic development of a region. One of the national development targets is to reduce social disparities in society and increase the rate of economic growth. This research aims to determine the effectiveness of the Community Empowerment Program through Home Industry Businesses. This type of research is field research and is descriptive. Data collection methods include primary data and secondary data. The results of the research explain that efforts to empower the Baubau city community are carried out by disseminating educational activities and training that can increase insight and interest in entrepreneurship. Apart from that, the local government also distributes capital assistance to people who need capital through creative economic activities to carry out development of the MSME sector.

Exploring Fashion Hair Dyeing Behavior through the Stimulus-Response Model: The Mediating Effects of Professional Technology and Transaction Interaction

This study was conducted to explore hair dyeing behaviors among Taiwanese adolescents; analyze future market trends for fashion hair dyes; investigate the effects of social media, fashion trends, and product awareness on behavioral intentions; identify the mediating effects of professional technology and transaction interactions on behavioral intentions; and validate the overall fit of a model outlining the interrelationships between the aforementioned factors.This study was conducted in general and vocational schools across northern, central, and southern Taiwan. Students were surveyed between February 7, 2023, and July 21, 2023.
 Drawing inspiration from the Stimulus-Organism-Response theory, we constructed a comprehensive model incorporating six dimensions—social media, fashion trends, product awareness, transaction interaction, professional technology, and behavioral intention. The survey gathered 370 valid responses, primarily from female students in technical senior high schools. Students’ responses on a 32-item questionnaire were rated on a 5-point Likert scale. Reliability analysis, partial least squares structural equation modeling, and validity analysis were performed to assess the study model.Our findings revealed a high reliability and a good fit in structural equation modeling. Validity analysis confirmed convergent and discriminant validity. Bootstrapping revealed substantial differences between ordinary and technical high schools in hair dyeing behaviors. Professional technology mediated the correlation between fashion trends and behavioral intentions and that between product awareness and behavioral intentions.This study advances our theoretical understanding and offers valuable practical insights for businesses in the hair care industry. The application of the Stimulus-Organism-Response theory revealed adolescents’ complex hair dyeing behaviors. The observed model fit indicates the relevance of this framework in explaining the multifaceted dynamics of consumer decision-making. Regarding practical benefits, this study guides businesses toward natural hair dyes aligned with consumers’ health and environmental preferences.

Theoretical foundations of identifying the wood processing industry and prospects for achieving its sustainable development

The goal of this article is to examine and justify the theoretical foundations of identifying the wood processing industry and determine the prospects for achieving its sustainable development in the context of a state of war in Ukraine. The relevance of the topic is driven by the necessity to ensure sustainable use of forest resources, the effective functioning of the industry, and consideration of modern environmental and economic challenges. The study employs a comprehensive research methodology, including the analysis of literary sources and a systemic approach to studying the production and utilization chain of forest resources. Based on the conducted research, key categories such as the wood processing industry, forest management, sawmilling industry, pulp and paper, and furniture industries have been identified. Special emphasis is placed on the interaction between these sectors and ways to optimize the use of forest resources. The article analyzes the component composition of the wood processing industry according to the Classifier of Types of Economic Activity (CPEA-2010) and determines the interconnections between its main branches, such as sawmilling, veneer, particleboard, fiberboard, and furniture industries. It is noted that the wood processing industry is a complex system encompassing both primary and secondary wood processing, paper production, and printing activities. The specificity of production and use of forest resources is determined through the principles of sustainable development. It is proven that the transition to the principles of sustainable development is a priority for the wood processing industry, as it contributes to a balance between economic efficiency, social responsibility, and environmental sustainability. In the context of a state of war, the importance of developing innovative methods of conducting business and production in the wood processing industry is discussed. A comprehensive integrated approach to sustainable development is proposed, wherein various stages of production and use of forest resources interact to achieve common goals: sustainability, efficiency, and a balanced impact on the environment. This approach considers economic, social, and environmental requirements, with a focus on developing the industry in the face of the challenges of a state of war. A systemic view of the production and utilization chain of forest resources allows maximizing the interaction and efficiency of the industry. The practical value of the article lies in the development of recommendations for forming a sustainable development strategy for the wood processing industry in conditions of a state of war. The proposed approaches can serve as a basis for decision-making and implementing state policy in the field of forest use and wood processing, considering modern economic, social, and environmental challenges.

Pengaruh Strategi Diferensiasi dan Promosi terhadap Keunggulan Bersaing Maskapai Penerbangan Garuda Indonesia

Garuda Indonesia airline, the first and longest serving airline in Indonesia, cannot be separated from the Indonesian aviation industry. Garuda Indonesia is a pioneer in the Indonesian aviation business industry which faces tough competition from other airlines. Garuda Indonesia must have a plan to capture both new and existing markets in order to compete effectively. This study aims to determine and analyze the effect of differentiation and promotion strategies on the competitive advantage of Garuda Indonesia Airline. The data collection method used in this study was distributing questionnaires. The population used is Garuda Indonesia airline service users. The sample in this study were 80 respondents and the technique used was Non-Probability Sampling with a Purposive Sampling approach. This study uses multiple linear regression analysis as a method of data analysis. With the regression equation Y = 0.330 + 0.300 X1 + 0.613 X2. The results of this study indicate that the Differentiation Strategy has a significant effect on Competitive Advantage while Promotion has a significant effect on Competitive Advantage.

Panduan Praktis untuk Meningkatkan Kinerja Keuangan UMKM: Implementasi Sistem Akuntansi Microsoft Access pada Lamoela Bar untuk Optimalisasi Laporan Keuangan

The financial management application implemented for Lamoela Bar has brought innovation in the management of micro, small, and medium-sized businesses (MSMEs) in the handicraft industry. With an initial focus on security through a login menu, the app provides restricted access to authorized users. Various app menus, including transaction types, sales, cash transactions, and general ledger, offer easy navigation and business activity recording. The transaction types allow recording of various transaction categories, while the sales menu facilitates efficient product sales recording. The cash transaction menu provides real-time monitoring of cash flow, and the general ledger helps organize transaction records into a ledger. With an intuitive design, this app not only provides efficiency in management but also offers an accurate overview of Lamoela Bar's financial performance. It is expected that the implementation of this app will increase productivity and support sustainable growth for this MSME in the dynamic business world.

A Study on the Impact of Destination Image on Customer Value, Tourism Satisfaction, and Behavioral Intention in Jatim Park 2

Tourism has an important role in global economic development because it contributes through foreign exchange earnings, employment, transactions of goods and services. One sector that is the focus of development in various countries is the tourism sector. This also creates challenges for the tourism business industry to be able to develop the advantages of tourist destinations to the maximum. A good understanding of tourist behavior is important in the tourism development process. In this case, destination image can be used as a predictor of tourist behavior both before and after visiting a destination. This study aims to analyze and explain the influence of destination Images on customer value, tourist satisfaction and tourist behavioral intentions.

Optimizing organizational success: Matching the right position with the right person

The purpose of this study is to identify the core capabilities required of Information Technology workers working in IT firms. Personal competencies, technical competencies, job-related competencies, interpersonal competencies, knowledge level competencies, and management competencies were all employed in the study, and they are all linked to IT employees’ performance and help them thrive in their jobs. The existing study is primary in nature and involves retrieval of responses from IT employees through structured questionnaire ranged from 1–5 Likert scale. The sample size of the study is 176 respondents using purposive random sampling techniques. The study ‘s findings imply that in order to get a competitive advantage in the business industry, every individual in the company should be involved in improving productivity and efficiency at work. Similarly, the firm faces a difficult task in retaining people and persuading them to stay current in their fields of expertise or critical performance areas. As a result, competency mapping will aid the organisation in finding the expected skills of each employee in relation to the jobʼs actual skill set. Specific training initiatives to overcome the skill shortfall of IT employees should be taken based on the identified gaps.

Sustainability of the cassava processed agro industry business after covid-19 pandemic

Cassava is a food plant that has many advantages and can be processed into various kinds of processed foods. Salatiga City is one of the areas that has the potential to develop the sustainability of cassava processing businesses. At the start of the Covid-19 pandemic, sales of processed cassava experienced a decline. Business sustainability starts from the increase in income and sales volume after Covid-19. This research aims to find out (1) a portrait of the success of cassava processing businesses after the Covid-19 pandemic; (2) analyse the stage of managerial ability and entrepreneurial behaviour of processed cassava agro-industry entrepreneurs;(3) the impact of managerial ability and entrepreneurial behaviour on the achievement of cassava processing businesses in Salatiga City. Purposive sampling is the sample strategy employed in this study. This research uses analysis of partial least squares (PLS) with the help of the app SmartPLS4.0. The results show (1) Currently, the average cassava agro-industry business has experienced an increase in income and sales volume of 41% since the Covid-19 pandemic period; (2) Forming managerial skills are implementation, organization, and supervision. Entrepreneurial behaviour is risk-taking, and creative and innovative; (3) Managerial ability and entrepreneurial behaviour have a significant influence on business success.

Trusted Technology

3D printing is no longer an emerging technology; it has arrived. By Yann Rageul, VP commercial enablement for Stratasys’ Industrial Business Unit

PENGARUH KESEHATAN DAN KESELAMATAN KERJA, KOMPENSASI, DAN MOTIVASI KERJA TERHADAP KINERJA KARYAWAN PT. INTIDAYA DINAMIKA SEJATI

This research aims to determine the influence variables of occupational health and safety (X1), work compensation (X2), and work motivation (X3), on employee performance (Y) at PT. Intidaya Dinamika. PT. Intidaya Dinamika Sejati is a company that operates in the fields of Design, Engineering and Service in the industrial and general business sectors. If you look at its business activities, this company is a service company, because the main activity of this company is machine servicing. This research uses quantitative research with a descriptive approach. The population in this research is 120 employees and the sample taken was 96 employees using a simple random sampling technique and determined using the Slovin formula. Data collection methods using questionnaires, observation and interviews. The results of this research at a significance level of 0.05% can be partially concluded that work health and safety, work compensation, and work motivation have a significant effect on the performance of PT employees. The Core of True Dynamics. This can be seen based on the results of the coefficient of determination test (R2) that the three independent variables influence the performance of PT employees. Dinamika Sejati's core power is 91.4% and the remaining 8.6% is influenced by other variables such as workload, leadership style and work discipline.

Analisis Keuntungan Industri Rumah Tangga Susu Kedelai Di Kelurahan Taas Kecamatan Tikala Kota Manado

This study aims to analyze the benefits of soy milk in Taas Village, Tikala District, Manado City in March 2023. This research lasted for 3 months, from February 2023 to May 2023. The data used are primary data obtained using interview techniques. directly to soy milk business owners by using a list of questions as an aid in data collection, and secondary data obtained from literature studies in the form of literature, written sources or documents that are relevant to this research. Based on profit data for the processed soy milk home industry, this soy milk business incurs a total cost in a month or 26 working days of IDR 11,170,279 and an average of IDR 429,626 per day. The total revenue is IDR 23,400,000 with an average revenue divided by 26 working days, which is IDR 900,000 per day or 20 bottles of soy milk, and earns a profit of IDR 12,229,721 with an average profit for 3 (three) businesses of IDR 470,374. This shows that the soy milk home industry business in the Taas Village is feasible to maintain and develop.

SOSIALISASI PENERAPAN AKUNTANSI INDUSTRI KECIL MENENGAH (IKM) YANG MEMANFAATKAN SUMBERDAYA LINGKUNGAN DI PULAU TIDUNG SEBAGAI PROSPEK BISNIS

This dedication is based on observations that show that the application of accounting practices can play an important role in the success or failure of a business. On Tidung Island, there are many small and medium industrial business actors (IKM) who depend on natural resources, especially the fisheries sector, for their survival and livelihood and produce fishery products which are sold in local markets and support the rapidly growing tourism sector, but the application of accounting for SMEs is still weak, even though this application is an effective solution for developing a sustainable business model. To answer this, socialization was held on the application of accounting for small and medium industries (IKM) which utilizes environmental resources on Tidung Island as a business prospect using socialization methods and discussion forums so that solutions to problems can be found such as increasing understanding of Accounting for SME participants on Tidung Island, understanding and being able to practicing basic technology for SME entrepreneurs to utilize the tools that are available and showing the positive impact of implementing accounting on business and environmental sustainability, and how this can support long-term business resilience.

The role of personality on resilience-moderated work stress in employees

The COVID-19 pandemic has had an impact on the entire business industry. Various companies are facing the post-pandemic situation and are trying to make adjustments to the current situation. The adjustments made by these companies create an impact on employees and lead to work stress for them. This study aims to examine the moderating effect of resilience on the relationship between personality and employee work stress. The results of previous research found inconsistencies in the results of the correlation between personality and employee work stress. Resilience, which can buffer the effects of work stress, is used as a moderating variable. The number of respondents who were actively involved was 499, who were employees aged 22–40 years and worked in various business sectors. All respondents have filled out three measurement scales: the personality scale, the work stress scale, and the resilience scale. Data collection was carried out using Google Forms. This study conducted a moderation analysis using the Hayes model 1 macro process to test the research model. Study findings show that the role of resilience moderates the relationship between personality and employee work stress (p = 0.003). The findings also show that resilience will be able to reduce work stress felt by individuals. Resilience is a component that can protect individuals from the impact of work stress. Companies need to provide assistance to improve their employees' resilience skills to reduce the daily effects of work stress.

Women and Traditional Cullinary Attraction

Traditional culinary has become one of the main attractions in Indonesian tourism, even occupying the first position in its contribution to gross domestic product. Culinary has also become a competitive business industry and cannot be separated from the role of women behind the scenes. Women are often associated with domestic jobs; such as household and children. However, Madurese women have limited space for movement, even though they have a high work ethic. Meanwhile, Yogyakarta women seem more aristocratic. The more traditional culinary develops, the greater the opportunity to compete in the free market era. Moreover, traditional culinary attractions can explain the figure behind culinary creations, culinary developments and innovations as well as how culture is in it. This study explains the role of women in traditional culinary attractions in the Madura and Yogyakarta regions. Through a theoretical approach and phenomenological method, this study focuses on the subjective experiences of women culinary practitioners and the involvement of external parties. The external parties involved in this research are as follows; Department of Commerce, Office of Industry and Manpower, Culinary Entrepreneurs, Bakesbangpol, and Badan Pusat Statistik. In Madurese culinary, Madurese women produce traditional culinary delights that can become the hallmark of their region. The drawback is in the traditional Madurese culinary side attractions which is still very minimal. Madurese traditional culinary also has different times of promotion and sale, for example Nase Serpang and Tajin Shobih which are only sold in the morning. In contrast to traditional culinary in Yogyakarta, which has strength even in terms of naming which is firmly attached to the memory of consumers. So that the traditional culinary attractions in Yogyakarta seem to be easier to attract consumers from the cooking method, sales methods to packaging. One of them is Gudeg which has a unique and traditional way of packaging, using both besek and kendil. The role of women in culinary is driven by several factors, culinary industry run from generation to generation, supporting the family's economy, and preserving traditional cuisine in Madura and Yogyakarta.

Analisis Kelayakan Usaha Industri Kecil Sandal (Studi Kasus di Kelurahan Prajurit Kulon, Kecamatan Prajurit Kulon, Kota Mojokerto)

This study aims to analyze the level of financial feasibility of small industrial sandal businesses in Prajurit Kulon Village, Prajurit Kulon District, Mojokerto City. Which aims to determine and analyze the cost, revenue, business profits and analyze the feasibility of the business financially, in this study the analysis used Revenue Cost Ratio (R / C ratio), Benefit Cost Ratio (B / C ratio) and ROI (Return On Investment) so that it can be known whether the sandal business is feasible or not to run. This research took as many as 6 informants who will provide information through interviews. The results of this study indicate that after reviewing the financial aspects that the 6 sandal businesses namely Mr. Taufik, Mr. Annas, Mr. Oky, Mr. Marno, Mr. Wawan and Mr. Rudi are feasible to run.

Pengaruh Social Media Influencer Dan Brand Attitude Terhadap Purchase Intention (Studi Pada Produk Emina Di Kota Semarang)

The business industry is growing rapidly with the emergence of various products to meet the needs of consumers who are increasingly selective in their choices. Companies need to understand consumer needs to increase product purchase intentions. This research evaluates the impact of social media influencers and brand attitude on purchase intention for Emina products in Semarang City, utilizing a questionnaire as a data collection tool, namely by applying a quantitative method where the questionnaire is filled by respondents who use and know Emina products. A total of 100 respondents were selected from the same population using the purposive sampling method. Data analysis was carried out via Multiple Linier Regression. The results of this research show that social media influencers have no effect on purchase intention because it is not significant. Meanwhile, brand attitude has a positive and significant effect on purchase intention. Keywords : Social Media Influencer, Brand Attitude, Purchase Intention

To digitalize or not digitalize: scaling up dilemma at Karan Handicraft

Research methodology The case study is based on field data including semi-structured interviews with the main protagonist and related stakeholders of Karan Handicraft, a leather craft artisan enterprise. After informed consent, the interviews with the craft artisan entrepreneurs of Karan Handicraft were conducted, transcribed and analysed verbatim in the respondents’ native language, Kutchi Gujarati. The authors also used archival data given by the company. In addition, secondary data from industry reports and business magazines was used to create the case. Case overview/synopsis The case investigates the impact of digital technologies on the small handicraft artisan entrepreneurs by focusing on a family-run business of a leather craft. It traces the evolution of Karan Handicraft, based in Kutch district of Gujarat, India from the year 2007 to 2023. The third-generation artisan entrepreneur Karan Marvada attempted exploring the new-age social media platforms to showcase the products, modified his product designs to attract a new customer-base and adapted to digital marketing. However, in the wake of the crowding in the handicraft cluster, the central business problem that Karan was grappling with was, if he should scale up his artisanal entrepreneurial stint using electronic commerce (e-commerce) as a medium. Another allied issue is in such a scale-up, should he use e-commerce, i.e. as a medium of communication only or as a medium of both communication and delivery. While the latter may lead to scale, it may raise the challenge of not being able to preserve the traditional values of his ancestral business. Complexity academic level This case involves various issues that arise in entrepreneurship management, such as decisions related to growth strategy (remain small and unique vs become large and mass scale), to maintain a physical presence vs digital presence and the form of digital presence, are dwelt upon. The case is aimed at graduate students in an entrepreneurship or family business course. It could also be taught in other courses that focus on innovation and social entrepreneurship.