Industrial Business Research Articles

Econometrics and Finance Applications in the Retail Business Industry in Europe

Econometrics and Finance Applications in the Retail Business Industry in Europe

Academic Dishonesty in Higher Education: A Bibliometric Analysis

The scholarly discussion of academic dishonesty in higher education institutions has experienced significant expansion for almost 30 years. This bibliometric analysis study aims to analyse past studies of academic dishonesty, focusing on higher education from 1981 to 2023. A comprehensive range of terms related to academic dishonesty was used to choose past papers from the Scopus database. Then a bibliometric analysis was conducted, which identified the year of publication, publication journal, country of origin, field of study, and authors. After selection, 594 articles in the Scopus database were identified. The paper's findings showed that research on academic dishonesty began in 1981 and kept increasing until 2023. Regarding journal publication, of the five top journals, four were related to integrity, ethics, and assessment in higher education. The field of study of social science leads to the most articles on academic dishonesty, and this study also found 10 authors who are at the top of journals on academic honesty. This study suggests that proactive steps are necessary to create a culture of academic honesty across all prospects in academia, encompassing higher education administrators, staff, lecturers, business industries, and students.

Curved Linear Diode Array Imaging of a Historic Anchor Recovered from East Anglia ONE Offshore Wind Farm

The Industrial Metrology Business Unit of Nikon Corporation, on behalf of ScottishPower Renewables and Maritime Archaeology (MA), Southampton, UK, has employed X-ray CT (computed tomography) to visualise the internal structure of an anchor found in the North Sea. The non-destructive method of internal inspection and measurement has helped to determine approximately when it was made. The results indicate that the artefact, initially thought to be potentially Roman, is probably more recent, likely dating to between the late 16th and early 17th centuries CE. This paper presents the discovery, recovery, analysis and interpretation of a significant find from a UK offshore wind farm and underscores the valuable role that non-destructive X-ray CT played in the investigation.

ROAD MAP AND DEVELOPMENT HALAL INDUSTRY SECTOR IN INDONESIA

The purpose of this research is to find out the halal industry roadmap and the development of the halal industry sector in Indonesia. This research uses a literature review. The literature review uses data from trusted sources to be the research method of the technique used. The result of this study is that the halal industry in Indonesia began with research on food and beverage products found to contain pork extracts in 1988, so the government acted to form the MUI Food, Drug and Cosmetics Assessment Institute (LLPOM) officially in 1989 as the first halal inspection agency in Indonesia. The findings of this study suggest that stakeholders involved in the growth of the halal industry in Indonesia should support the halal industry roadmap. The halal industry business is developing in several sectors, including manufacturing, infrastructure, services, human resources, and halal certification standards. To overcome the demands of the growing halal industry in Indonesia, the government, business companies, and academics must collaborate and synergize to achieve the goal of making Indonesia a global halal center. The halal roadmap will help build and grow the halal ecosystem more methodically and comprehensively.

PENGARUH BRAND IMAGE DAN HARGA TERHADAP KEPUTUSAN PEMBELIAN LEMARI ES DI PERUMAHAN MUSTIKA PRAKARSA KARAWANG

The goal of this study is to determine how price and brand perception affect consumers' decisions to buy products. Businesses in the electronics industry have the chance to satisfy consumer preferences because of the increased demand and necessity for refrigerator electronics. In an effort to grab consumers' interest and attention, they work to enhance their brand image. The sample strategy was purposeful sampling, which is a nonprobability sampling method. A sample of ninety-six respondents who resided in the Mustika Prakarsa Housing area and had two-door refrigerators was taken. Google forms are utilized to support techniques for gathering data. The techniques used to handle and evaluate data include tests of validity, partial t, simultaneous F, multicollinearity, heteroscedasticity, regression equation coefficient, and coefficient of determination. Version 29.0 of IBM SPSS was used to gather the data for the following data processing step. The results of the test indicate that price and brand perception both considerably and favorably affect consumers' decisions to buy, sometimes at the same time. Price and brand perception work together to influence decisions to buy by 30.7%. Keywords: Purchase Decision, Price, Brand Image.

Effective Wine Storage Methods in the Restaurant Industry Establishments

Topicality. Consumer preferences of guests, which are constantly changing, require new methods of serving and storing uncorked wine bottles in the restaurant industry establishments. For those ones, who focus on wine, providing an expanded wine list has a positive effect on the guests’ satisfaction, and enhances the enterprise’s reputation. Optimising the processes of storing open wine bottles in restaurants can help to avoid outcome. Since the industry of the restaurant business is constantly developing, new technical means for storing wine can play a key role in improving the serving processes. The usage of modern methods in storing open wine bottles can improve the quality of service for guests, giving them opportunities to enjoy expensive and exclusive wine sorts due to maintaining its quality. The aim of the article is to study ways of storing uncorked wine bottles in order to improve the quality and exіpand wine range in the restaurant business. Research methods. In this article, a set of methods is used to study certain issues, namely: experimental, outcome and income analysis, statistical data analysis. Results. The ways of storing open wine bottles are analysed, and it is established that effective methods of wine storage are presented on the modern world market with the help of: cork-blockers, vacuum sealers, and the Coravin device. A comprehensive quality indicator is calculated, as well as quality profiles of methods for storing open wine bottles are formed. Conclusions and discussion. The efficiency calculation of using the methods of storing open wine bottles shows that the Coravin device is the most efficient. Thus, conducted studies show that Coravin is able to extend the shelf life of the uncorked wine bottle by 27 days. The analysis of the comprehensive quality index and modeling of the quality profile prove that Coravin is the most effective way of storing open wine bottles in the restaurant industry establishments, as the comprehensive index is 5.17, which is 2.3 times more than the control itself.

Victimological Characteristic of Crimes against Aquatic Biological Resources

The article is a study of the main victimological features of crimes against aquatic biological resources . The author identifies the main groups of people most exposed to the adverse consequences of these crimes. The key criteria for the identification of these groups were the peculiarities of their fisheries management activities, the degree of their material dependence on it and the natural characteristics of the relevant regions. These persons include fish farms, industrial fishing entities, representatives of the indigenous small-numbered peoples of the North, Siberia and the Far East of the Russian Federation and other participants in fisheries relations . Special attention is paid to the damage caused to the interests of the state . A set of measures for victimological prevention of crimes against aquatic biological resources is proposed. These measures should be aimed at the formation of active social behavior of these persons, along with which public authorities and local-self governments, law enforcement agencies, representatives of industry businesses and certain categories of citizens should participate in their implementation . The results are important for the further development of the doctrinal provisions of environmental criminology in terms of issues of environmental victimization, and countering criminal encroachments in the field of fisheries.

Strategic alternatives for Muslim-friendly homestay in Sabah Malaysia: a SWOT/TOWS analysis

PurposeThis study aims to explore the strengths, weaknesses, opportunities and threats (SWOT) of the Muslim-friendly homestay business in Malaysia to help identify and recommend practical strategies to capitalize on the strengths and potentials while overcoming the current shortcomings and threats.Design/methodology/approachThe Muslim-friendly business owner and operators in Sabah, Malaysia, were the subject of a series of focus groups and expert opinion interviews. The data was transcribed, and then the variables were categorized into the four SWOT categories using content and thematic analysis. Meanwhile, threats, opportunities, weaknesses and strengths (TOWS) analysis is used to identify the best strategy alternatives.FindingsThe SWOT analysis identifies several strengths (e.g. diverse and unique Islamic culture and heritage [S1], iconic Islamic landmarks [S2], rich natural beauty [S3], well-established halal tourism industry [S4]); weaknesses (e.g. limited awareness [W1], limited infrastructure and facilities [W2], limited human resources and trained personnel [W3], lack of Islamic tourism products and experiences [W4]); opportunities (e.g. growing demand for Islamic tourism [O1], increasing disposable income [O2], potential for collaborations [O3], potential for partnerships [O4], potential for expanding Sabah’s halal tourism offerings [O5]); and threats (e.g. competition [T1], political instability [T2], economic downturns [T3] and environmental and social challenges [T4]).Practical implicationsThis paper could serve as a guideline and supplementary information for stakeholders in the homestay industry to grasp their business environment better.Originality/valueTo the best of the authors’ knowledge, this is the first study of its type to blend SWOT and TOWS analysis with the sector of Muslim-friendly homestays. Hence, the findings might expand understanding of the Muslim-friendly homestays industry and aid businesses in penetrating this growing market.

Circular Economy and Business Transformation in European Furniture Industry

In today’s global landscape, industries must develop solutions to address environmental challenges, particularly emphasizing sustainable practices. The furniture industry, a significant contributor to resource depletion and environmental impact, requires immediate attention in this regard. This research focuses on exploring and establishing a framework for Circular Economy (CE) Business Models specifically designed for the furniture sector. By bridging existing research gaps, this study aims to support the adoption of sustainable Business Models aligning with EU Sustainable Development Goals (SDGs). The focus of this research is on the Sustainable Manufacturing and Eco Design Business Models. Given the limited literature available, this study seeks to enrich general understanding and provide practical insights to companies aiming to adopt more sustainable Business Models. To achieve this objective, a thorough literature review has been conducted. After initial literature review, we identified nine crucial value sources that served as the building blocks for a variable modeling framework designed for furniture industry Business Models. Transitioning from the literature review to an empirical analysis, secondary data used for quantitative desk analysis. As a result of this research, two archetypes have been identified specifically for furniture companies. These archetypes offer practical pathways for businesses aiming to transition towards sustainability. This paper contributes by providing a practical roadmap for furniture businesses to embrace CBMs. By offering validated archetypes and actionable insights, it aims to empower companies to align their strategies with sustainable practices.

Human capital management: new factors of production in the Indonesian life insurance industry

In the current era of the Information Society, competition in any business industry is increasingly fierce. However, the lack of skilled workers is a major obstacle in increasing company production. Human Resources problems are still not enough to overcome complex problems. In the current era of modern globalization, competitive advantage is largely determined by the formation of Human Capital. The inadequate level of knowledge from theoretical and practical aspects of Human Capital Management in increasing sustainable production determines the objectives of this research and problem formulation so that solutions can be found, because the attention of developed and developing countries is currently more focused on developing Human Capital which is one of the company's solutions in Human Resources development which tends to have a significant impact on performance. This research examines Human Capital's direct impact on employee performance and becomes a new production factor in the Indonesian Life Insurance industry. The results of this research are to justify and develop that human capital management including TASK (Talent, Attitude, Skill, Knowledge) through continuous training with studies in the Indonesian Life Insurance Industry sector is a production factor that can also improve employee and company performance.

The mediating effect of entrepreneurial self-efficacy on business experience and performance of women-owned enterprises

This study aims to investigate the mediating effect of entrepreneurial self-efficacy on the relationship between the business experience and performance of women-owned enterprises in South Africa. A quantitative methodology with random sampling was employed. Qualtrics was used to administer the online questionnaire; a sample size of 258 was attained to test the study hypotheses. This cross-sectional study design followed recommendations from scholars on a minimum of 100 as an adequate sample size for regression analysis. Hierarchical regression and mediation analysis were employed to analyze the primary data collected from women entrepreneurs in South Africa.Using ordinal data, a seven-point Likert scale was adopted to operationalize constructs. Out of all the entrepreneurial self-efficacy antecedents and dimensions that were tested, industry experience emerged as the most influential predictor of business performance (β = 0.496*) when mediated by the innovation dimension of entrepreneurial self-efficacy. Although the management dimension of entrepreneurial self-efficacy showed strong predictive power, it did not exhibit significant mediating effects. Consequently, there was only partial mediation of the innovation dimension of entrepreneurial self-efficacy in the relationship between industry experience and business performance. Industry experience and business performance are antecedents and outcomes of entrepreneurial self-efficacy, respectively; they were partially mediated by the innovation dimension of entrepreneurial self-efficacy.

The Practice of Enterprise Risk Management and Sustainable Performance in Jordan

The primary objective of any organization is to minimize risks and losses while optimizing values, revenues and returns. Therefore, risk management, which is often referred to as risk identification, likelihood of occurrence, and impact on the business, is essential. Recent corporate catastrophes have brought to light how inadequately corporations handle risks. In reaction to these challenges, organizations have shifted from separate and personalized procedures to a more comprehensive and integrated enterprise risk management (ERM) perspective in their risk management strategies. To address these new global sustainable challenges which include hunger, poverty, high unemployment, climate change, and related issues, businesses should place a strong priority on environmental preservation and social responsibility. Jordan is one of the countries dealing with several issues related to sustainability. The sustainable performance of Jordanian firms deserves further attention. Managers in Jordanian industrial businesses must keep a close eye on how the company's environmental environment is being improved to reduce air pollution, the usage of hazardous materials, and other difficulties. Therefore, companies in Jordan must adopt strategies that will allow them to face this issue to improve their social, environmental, and economic performance. Jordan's manufacturing and service industries should be at the forefront of a comprehensive approach to risk management and board monitoring, given the growing concerns regarding the environment, society, and economy. Since ERM is a relatively new concept, its implementation in Jordanian industrial and service companies is still in its early stages. Moreover, there is a lack of comprehensive research regarding the ERM in Jordan.

Sustainable Workforce in a Green Era: Indonesia’s Energy Sector Transition

The purpose of this study is to determine and analyze the effect of renewable energy transition variables and economic viability in the Indonesian employment industry on the balance of business sustainability through social and environmental development as an intervening variable. The subjects of this study are small, medium, and large industry owners in Indonesia, totaling 5,993,566 business units. The variables in this study are independent variables, namely the variables of renewable energy transition and economic viability in the Indonesian labor industry, while the dependent variable is the balance of business sustainability, and the intervening variable is the variable of social and environmental considerations. The results of the data analysis are made through SEM analysis through SMART PLS 4.0 software. From the results of existing research, it is concluded that partially renewable energy transition variables and viability variables in the Indonesian labor industry have a direct effect on the balance of business sustainability and social and environmental consideration variables. Simultaneously, the renewable energy transition variable and the viability variable in the Indonesian labor industry indirectly affect the business sustainability balance variable through social and environmental considerations as intervening variables. With the renewable energy transition process, it will have an impact on people's good social lives because there is no threat of environmental damage or natural disasters, so the environment is safe, the industry creates a technology transfer process, and it increases economic viability in the labor industry in Indonesia in order to create quality human resources. With this transition process, trained human resources are needed and are also able to adapt well to the transition process and technology transfer in order to balance the sustainability of industrial businesses.

Navigating Grant Program Representative Bias: Insights from Paycheck Protection Program for Hospitality SMEs and Entrepreneurs

Allocation of public funding, such as those of government grants, can be influenced by subjective factors, similar to biases that research has found in commercial business lending based on organizational and ownership factors. However, there is limited research that has investigated biases in grant programs. Using data from the Paycheck Protection Program in the United States this study examined whether biases existed in grant programs for hospitality businesses. Results of regression analyses indicate that hospitality businesses received greater total loan amounts and smaller loan amounts per employee than businesses in other industries. Additionally, male business owners, White business owners, and corporations received greater loan amounts compared to other demographic groups. This study contributes to extending the current literature on commercial lending by enhancing our understanding of representative biases in government-directed lending programs for businesses.

The Current Status and Future Prospects of Carbon Capture, Carbon Transportation, And Carbon Utilization Technologies in Chinese Coal-Fired Power Plants Within the Context of Dual Carbon Goals

Carbon dioxide capture, utilization, and storage (CCUS) constitute vital measures for achieving net emissions reduction in China. Against the backdrop of the “dual carbon” initiative in China, this paper meticulously examines and analyzes the key technological principles, merits and demerits, and bottlenecks associated with CCUS carbon capture in the country’s thermal power plants at the current stage. It combines the prevailing industrial application status and the future development trajectory of pertinent technologies with considerations of industrial economic benefits and business models. Building upon this analysis, the paper summarizes the application status of CCUS technology in China’s thermal power plant industry and presents future prospects. On the technological front, the three capture methods grapple with the challenge of high costs. Therefore, there is a need to intensify efforts in developing low-cost and efficient carbon capture materials, as well as researching and practically applying low-cost oxygen generation technology. Economically, CCUS technology currently faces high costs, low returns, and certain commercial barriers, placing China in a demonstrative business model stage. To overcome these challenges and realize the economic benefits of CCUS technology, government incentives and technological innovation are imperative. These measures aim to reduce the overall cost of CCUS technology, stimulate the scale development, and foster commercialization, ultimately contributing to the achievement of China’s carbon emission reduction targets.

IoT based Efficient and Secure Building Architecture with Constrained Application Protocol (CoAP)

The Internet of Things (IoT), one of the newest technologies, has great potential for many industry businesses. Smart building technology is one of the biggest IoT industries. IoT is used on a regular basis in many different industries. It is used in a variety of contexts, including physical defense, e-health, smart buildings, grids, cities, homes, asset management, and transportation management. IoT-level, networked smart buildings offer affordable assistance. Comfort, accessibility, security, and energy management are necessary for commercial space. Naturally, IoT-based solutions can satisfy these requirements. With the depletion of the energy supply and the increase in demand for energy, there has been a growing focus on energy usage and building maintenance. This paper uses emerging IoT technology to demonstrate a smart building design that is both safe and energy-efficient. Constrained Application Protocol (CoAP) is a crucial internet transmission protocol that assigns a unique address to every device. Data is transferred using this application layer protocol outside of secure channels. While there are several recommended techniques to protect sensitive data transfer, one likely way to improve the security aspect of CoAP for authentication and end-to-end security is through the use of Datagram Transport Layer Protection (DTLS).This paper propose a smart building design in which the Internet of Things is used to control the operation of all technological components. The simulation results show that compared to the situation of employing Message Queuing Telemetry Transport (MQTT), adopting CoAP in a smart building saves energy use by around 34.86%. In order to increase security in a smart building, this article also explains how to include the DTLS protocol inside of CoAPutilising enhancements from the Certificate Authority (CA).Finally, using the ContikiCooja (CC) simulator to simulate system performance and data collecting in terms of latency, throughput, and resource consumption, CoAP is utilized to modify orderer and peer nodes for performance research in smart building.

Artificial Intelligence (AI) in the Hospitality Industry: A Review Article

Purpose – Artificial intelligence (AI) adoption is critical in the age of digital technology. This review article aims to evaluate the literature on AI in the hospitality industry. Method – A narrative synthesis was used in this review article. Moreover, the literature was reviewed systematically to explore AI in the hospitality industry. The literature and information were obtained from various books and research articles on EBSCO, Google Scholar, Scopus, Web of Science, and Science Direct. The inclusion criteria were studies that clearly defined AI in all aspects of the hospitality industry, were published and written in English and were peer-reviewed. Content analysis was employed. Results – The use of AI is a strategic and critical factor in economic development. Furthermore, AI technologies are increasingly being used as digital assistants. They help businesses in the hospitality industry in a variety of ways, including improving customer service, expanding operational capability, and lowering costs. However, there are some risks associated with AI advancements, such as job loss in low-tech sectors, loss of control due to robot autonomy, and safety, security, and privacy concerns. Conclusion – AI technologies have both positive and negative effects on the workforce and job employment in the hospitality industry. Recommendations – The recommendation is to consider a quantitative study regarding AI adoption in the hospitality industry or other sectors. Also, a qualitative approach could give a clear view of insight results for further study. Research Implications – This review article contributed to the existing literature on AI adoption in the hospitality industry. Hence, it could be used to guide future research on AI adoption in the hospitality industry. It may also aid academics in broadening their research by incorporating more potential elements. Practical Implications – This review article could lead to a better understanding of AI adoption in the hospitality industry. Moreover, it may assist business owners, managers, and marketers in the hospitality industry or any sector to achieve and enhance high business performance by implementing appropriate strategies to meet the needs and expectations of both customers and employees through the use of AI.

Human centered digital transformation in travel: a horizon 2050 paper

Purpose The impact of digital technology in the wider travel field has been substantial and significant, changing both the competitive landscape of businesses and the behavior of travelers. However, we are now on the cusp of new digital developments encompassing cloud computing, blockchain, internet of things (IoT) and above all, artificial intelligence (AI), which are predicted to disrupt the business and consumer sides of several industries – travel included. This study aims to frame this upcoming digital transformation in travel within a human-centered approach where the critical understanding of digital humanism principles will enrich social scientists’ research agenda in the coming years. Design/methodology/approach The viewpoint follows a structure based on (i) setting the scene for the rise of digital transformation, (ii) the historical perspective on digital transformation in travel, (iii) the pandemic’s impact and (iv) future development and research agenda. Findings It is only by fostering a human-centered digital transformation perspective that social science researchers in travel can realize the “high-tech for high-touch” promise of fostering a human-to-human encounter empowered and possibly hampered, by digital technologies. This work proposes to start from the concepts of digital technology control, participation, education and ethics to design a research agenda with a 2050 horizon. Originality/value This work has been designed to shift the attention of researchers toward a human-centered digital transformation approach to reflect on the human-machine relationship for a better society. Due to its inner characteristics the travel field can foster a reflection on this topic by reaffirming the centrality of human beings and their authorship in the travel product creation.

Musharakah Financing: Profitability Improvement Tool for Islamic Banks

Islamic commercial banks are part of country’s financial system and play a crucial role in business industry. Similar to other business firms, Islamic commercial banks seek profits, growth and sustainability. This study attempted to analyze the effects of musharakah financing on the profitability of Islamic commercial banks. The majority of literature of finance relates to traditional finance, which has so many weaknesses. In contrast, this study focuses on Islamic banking theory with specific emphasis on Musharakah financing which is essential mechanism in the practice of Islamic banking and finance. The data were analyzed using statistical package for social science to examine the extant of the effects of musharakah financing on the profitability of Islamic commercial banks. Results: The results showed that musharakah financing has a positive effect on profitability of Islamic commercial banks (r = 0.882, p < 0.05). The study concludes that increase in Musharakah financing significantly improves profitability of Islamic commercial banks. The study presents several managerial implications, suggesting the importance of increasing service exposure to attract new customers, enhance public awareness towards musharakah financing, conduct regular visits to gain deep and accurate information concerning the operations of joint ventures business, and finally, the bank should have clearly written policy on musharakah agreement, financing, management and control systems. This study contributes to the existing literature on Islamic finance and banking, highlighting its growing global practice and theory, driven by community ethical and financial needs, innovation, and market competitiveness.

Analysis of Regional Industrial Business Potential through the Role of Cash Receipt and Expenditure Accounting System in Supporting Cash Internal Control (Case Study of Municipal Waterworks of Tirtasari Binjai City)

This study aims to determine the potential of the regional industrial business through the accounting system for cash receipts and disbursements in supporting internal cash control at Municipal Waterworks of Tirtasari Kota Binjai. The method utilized is descriptive combined with a qualitative approach. The forms of data utilized in this research are primary and secondary, with interview techniques and documentation from the Municipal Waterworks of Tirtasari. One of the industrial businesses that has developed in Binjai City is Municipal Waterworks of Tirtasari, whose role is to provide and distribute clean water to the surrounding community. The accounting system for cash receipts and disbursements at Municipal Waterworks of Tirtasari Kota Binjai is considered to be of good quality, as shown by the research results. The networks that make up the system and related accounting records, along with the functions and documents utilized, are all good in the cash disbursement accounting system. This can be seen from the process of recording accounting in the cash book based on proof of cash out and supporting documents for cash expenditure transactions according to theory. Internal control in this company has not been maximized because the internal checks carried out each year are not carried out suddenly but are still scheduled, as explained in Mulyadi’s theory. This company already uses digital applications for its cash receipts and disbursements accounting system. However, there are still problems that occur in inputting financial data that often experiences errors, this is due to the adjustment of income transferred by the counter and customer relations section, resulting in less support for the level of receipts and disbursements in this company are quite good and issue cash according to necessities only.