Business Networks Research Articles

The Effect of Financial Distress Model Altman Z-Score on Stock Prices in Food and Companies Beverages Listed on the Indonesian Stock Exchange Period 2017-2021

The capital market has an important role in supporting a country's economy because the capital market has two functions at once, namely the economic function and the financial function. The capital market is a meeting place between parties who have excess funds (investors) and parties who need funds (companies) by buying and selling securities. The presence of the capital market has an important role for investors, both individual investors and business entities. They can channel the excess funds they have to invest, so that entrepreneurs can obtain additional capital funds to expand their business network from investors in the capital market. Issuers are parties conducting public offerings or companies that obtain funds through the capital market, both private and state-owned companies that seek capital from the stock exchange by issuing securities such as bonds, rights issues, warrants or shares (Malkan et al., 2021).

From Iya Ijebu’s shop to Igbo market: ethnicity and the transformation of Mushin leather market in Lagos, Nigeria

AbstractLeather markets are critical nodes in the leather industry value chain. They attract manufacturers and small and medium enterprises that facilitate social interactions and opportunities, leading to increased availability of finished leather goods. This study explores the social transformation and organization of Mushin leather market in Lagos megacity based on data collected through observation and in-depth and key informant interviews with traders, association and community members, transporters and customers in the market. Mushin leather market evolved from a shop owned by an indigenous woman known as Iya Ijebu (Ijebu woman) into a leather trading community. State and local governments intervene minimally in the market affairs through sanitation rules and revenue collection. Routes to market socialization include mentoring and apprenticeships, with visible gender disparities. Associational membership guarantees full integration to traders. Strong business, personal and group networks structure ethnic dynamics and occupational specializations. The article reveals the inherent interdependence of social institutions in understanding the organization of the leather market, particularly in terms of how capital, associational norms and networks shape the formation of a heterogeneous market in an indigenous Yoruba community. Mushin leather market is transforming the domains of ethnic trade speciality and patterning intergroup social relations in Lagos megacity.

Compound of ties between companies that operate in a business network

Objective: This theoretical essay aims to present the compound of socioeconomic ties between companies that operate in a business network, whose finality is to increase the company's competitiveness. The compound was developed from the effort to combine and harmoniously integrate three theoretical foundations — business networks theory, transaction cost theory and relational view. Method: The methodology has characteristics of an exploratory study to develop a theoretical essay and adopts the deductive method from the three theories mentioned. The research question was: Which elements of the three theories have the potential to substantiate the compound of interorganizational socioeconomic ties existing in a business network? Main Results: Six components of the compound of socioeconomic ties were identified: interorganizational relational experience, interdependence, technological symmetry, relationship length, transactions frequency, and finality. Relevance / Originality: There are indications that the compound is original, as no other equal was found in the literature. Thus, it expands knowledge of the administration science and managerial practice. Theoretical / Methodological Contributions: For academic researchers, the compound makes it possible to understand the six components that characterize the essence of a socioeconomic tie, an essence that guides and facilitates research development on business networks, whether from a competitive or a cooperative viewpoint. For organizational managers, the compound enables them to understand the essential points of the relationship and instrumentalizes them to establish objective and effective interorganizational relationships with any company type, whether a competitor or a partner with which the company cooperates.

Manufacturers managing complexity during the digital servitization journey

PurposeManufacturers face various challenges and risks during their digital servitization (DS), due to the complexity caused by introducing breakthrough technologies, increasingly complex product-service solutions and new stakeholders in the business network. The process necessitates the implementation of various changes that usually happen over a long period of time. Using complexity management as a theoretical lens, this paper delves into manufacturers’ DS journeys and explores how manufacturers manage the associated complexities.Design/methodology/approachThis paper investigates the DS journey of two manufacturers in a longitudinal case study from 2014 to 2021.FindingsThree main complexity management actions during the DS journey were identified: shaping the digital service system, shaping the organization and shaping the network. Tied to different types of complexities, these actions demonstrate how manufacturers navigate their journey. The findings also reveal different complexity management approaches used at the different stages of this journey.Originality/valueThis paper offers a comprehensive framework for understanding complexity management in the DS journey, including the types of complexities, complexity management actions and complexity management approaches and their rationale. This paper shows that different requirements are created during emerge, consolidate and evolve stages of the DS journey. Manufacturers need a dynamic approach that considers changes in complexities and actions over time.

Enhancing 5G communication in business networks with an innovative secured narrowband IoT framework

Abstract These days, 5G mobile technology highly influences the wireless communication process, which is more responsive than the other generation. However, the 5G communication process handles the speed and latency issues while transmitting data over the network. Especially in rural areas, most people face this speed and latency problem while connecting to the network. Therefore, the network uses massive amounts of data to analyse this problem by integrating 5G with the Internet of things (IoT). The IoT-based data transmission and collection helps manage the data capacity, connection, and transmission rate. Therefore, this study uses the novel secured narrowband IoT framework for 5G communication and operational goals based on their position in the market. The 5G network uses business connectivity and access information to manage the data transmission. The network uses cellular bandwidth and IoT devices to connect more during this process. According to the connection, the information is transmitted with the minimum delay. Thus, experimental results have proposed these parameters: an accuracy ratio of 92.5%, a security ratio of 94.4%, a reliability ratio of 93.5%, a latency ratio of 91.8%, a cost-effective ratio of 20.5%, and a throughput ratio of 25.4% compared to other methods.

Social Capital and Cross-Border Venture Capital Investments in China

In the context of the Chinese market, foreign cross-border venture capitalists have devised specific strategies to mitigate the challenges associated with the liabilities of foreignness, such as risks and information asymmetry. They have strategically leveraged social capital to not only decrease investment risk but also to influence their investment preferences and behaviors. To investigate the influence of different types of social capital on the investment decisions of cross-border venture capitalists, hypotheses are proposed and tested using regression analysis. Our research reveals several key findings in this regard. Firstly, cross-border venture capitalists with a robust structural social capital network exhibit a greater propensity to invest in early-stage companies. This suggests that well-established connections and partnerships within the Chinese entrepreneurial ecosystem provide a level of comfort and confidence when investing in ventures at their infancy. Interestingly, relational and cognitive social capital, though undoubtedly valuable, do not significantly impact the decision to make early-stage investments. Furthermore, we have observed that venture capitalists with higher levels of structural and cognitive social capital are more inclined to form syndications. Collaborative partnerships and shared knowledge networks seem to be crucial factors that drive syndication decisions. Lastly, venture capitalists endowed with substantial structural and relational social capital tend to allocate larger investment amounts, signifying the influence of business or personal relationships and network connections on the scale of their investments.

Создание сети деловых контактов как актуальное направление управления карьерой

Creating business networks is a current and highly sought-after direction in career management today. An analysis of scientific literature sources has shown that conceptually, it is closely related to the notion of network-ing. Thus, the author presents in the article his own definition of this concept. The article proposes a classifica-tion of methods for creating business networks in professional, educational, informal, and virtual environments, with a detailed examination of the most common ones. Through expert interviews with specialists in HR man-agement, the article examines the pivotal role of business networks in shaping individuals’ career directions. Insights from these interviews underscore the importance of proactive networking for both securing employ-ment opportunities and advancing in one’s career. In response to the increasing digitization of professional interactions, the article offers examples of training initiatives aimed at equipping employees with the skills nec-essary for effective networking in virtual environments. These practices are tailored to address the evolving needs of organizations amidst technological advancements. In conclusion, the article emphasizes the strategic significance of building business networks in modern career management. By leveraging diverse methods and adapting to digital transformations, individuals can harness the power of networking to propel their professional growth and success.

Pursuing entrepreneurial opportunities is not a choice: the interplay between gender norms, contextual embeddedness, and (in)equality mechanisms in entrepreneurial contexts

PurposeAll entrepreneurs interact simultaneously with multiple entrepreneurial contexts throughout their entrepreneurial journey. This conceptual paper has two central aims: (1) it synthesises the current literature on gender and entrepreneurship, and (2) it increases our understanding of how gender norms, contextual embeddedness and (in)equality mechanisms interact within contexts. Illustrative contexts that are discussed include entrepreneurship education, business networks and finance.Design/methodology/approachThis conceptual paper draws upon extant literature to develop its proposed conceptual framework. It provides suggestions for systemic policy interventions as well as pointing to promising paths for future research.FindingsA literature-generated conceptual framework is developed to explain and address the systemic barriers faced by opportunity-driven women as they engage in entrepreneurial contexts. This conceptual framework visualises the interplay between gender norms, contextual embeddedness and inequality mechanisms to explain systemic disparities. An extra dimension is integrated in the framework to account for the power of agency within women and with others, whereby agency, either individually or collectively, may disrupt and subvert the current interplay with inequality mechanisms.Originality/valueThis work advances understanding of the underrepresentation of women entrepreneurs. The paper offers a conceptual framework that provides policymakers with a useful tool to understand how to intervene and increase contextual embeddedness for all entrepreneurs. Additionally, this paper suggests moving beyond “fixing” women entrepreneurs and points towards disrupting systemic disparities to accomplish this contextual embeddedness for all entrepreneurs. By doing so, this research adds to academic knowledge on the construction and reconstruction of gender in the field of entrepreneurship.

Представления студентов вуза о сети деловых контактов как факторе обеспечения развития их будущей карьеры

Creating a business contacts network is a significant factor in managing a business career. Students – future young specialists starting to build their careers do not have much experience in applying social competencies into practice, they are not fully aware of the importance of business contacts for exchanging expertise and get-ting to know the companies’ business processes. In return, HR specialists and company’ CEOs do not always understand the importance of using a business contacts network to manage the motivation, development and talent pool of young professionals. The article presents the results of a survey among university students’ aimed at identifying the importance of creating a business contacts network for their further career develop-ment. It states the recommendations for students on the effective use of a business contacts network when building a business career, and suggestions for CEOs and HR specialists on using business contacts network to manage employees’ business career. In conclusion, business networking plays a crucial role in shaping the career trajectories of university students. By understanding the importance of building and leveraging profes-sional connections, students can enhance their employability and achieve their career aspirations. Educators, employers, and policymakers should collaborate to equip students with the necessary skills and resources to navigate the complex landscape of professional networking effectively.

The Multi-Social Relation of the Cattle Industry in the Plaosan Subdistrict Animal Market of Magetan Regency

As a legacy of the colonial era, the people of East Java have established cattle raising and development with four fundamental objectives in mind. To begin with, the cow signifies social standing. Social status in the local community is established not only by the financial resources of individual families, but also by the number of cows housed in a given pasture. Furthermore, the bovine serves as a support animal during the process of mating. The bovine is a sacred animal in East Java, representing matrimony to the local populace. Third, cows as economically beneficial animals. Furthermore, cattle are a commodity in which local economic authorities with vast business networks engage in commerce. Regarding cattle businessmen, this descriptive qualitative study seeks to investigate the socioeconomic networks of lower-class cattle producers who also practise subsistence agriculture. As qualitative research, this study collected field data through three primary methodologies. Initially, a comprehensive interview was undertaken with purchasers, the Magetan regency administration, and the local strong man business network. The second is the observation that was conducted in Plaosan subdistrict animal market and Dele villages in Magetan regency. Furthermore, an extensive focus group discussion (FGD) was conducted with stakeholders from the selling cycle, including local governments, businesses, cattle merchants, and the general community. This study's findings will be disseminated via scientific journals and local media.

Unraveling formal and informal business ties in shaping foreign subsidiary capabilities

PurposeDrawing upon the resource-based view this study aims to examine the connections between formal and informal business relationships and resource-bridging and adaptive capabilities within the context of foreign subsidiaries of multinational enterprises (MNEs) operating in Thailand. Based on prior literature emphasizing business network ties as sources of competitive advantage in emerging markets, this study extends the discourse by investigating the moderating effects of technological turbulence, power distance and assertiveness.Design/methodology/approachThis study uses a quantitative research approach, using data obtained from a self-administered survey conducted among 168 foreign subsidiaries spanning diverse industries in Thailand. The data were analyzed by using multiple-group structural equation modeling to test the hypothesized relationships.FindingsCultivating different types of business ties enables foreign subsidiaries to improve different types of capabilities. While interpersonal relationships (i.e. informal businessties) enable them to develop their abilities to combine various resources (i.e. resource-bridging capability), rigid contractual-based relationships (i.e. formal businessties) help them to be more adaptive (i.e. adaptive capability). These relationships are also contingent upon the levels of technological turbulence, host-country power distance and host-country assertiveness.Originality/valueThis research builds upon prior research on network ties and capability building by delineating the specific nature of capabilities. Contradicting to the previous findings, demonstrating a negative relationship between formal business ties and capabilities, this study found that each type of business tie enables foreign subsidiaries to enhance different types of capabilities under different circumstances. Moreover, this study adopts a lens of host-country national culture rather than home-country culture in investigating the moderating effects of power distance and assertiveness.

CREATING A SUSTAINABLE DIGITAL BUSINESS ECOSYSTEM: CHALLENGES AND OPPORTUNITIES FOR GLOBAL ECONOMIC DEVELOPMENT

This research aims to analyze the challenges and opportunities in creating a sustainable digital business ecosystem to support inclusive global economic growth. The research method used includes collecting and analyzing various documents such as research reports, academic publications, government policies, and industry documents related to digital business ecosystems, sustainability, and global economic development. The results show that the integration between the concepts of digital business ecosystems and sustainability has a crucial role in creating a sustainable business environment. Key factors such as digital inclusion, sustainable innovation and multi-stakeholder partnerships were identified as important elements in achieving this goal. The implications of this research highlight the need for collaborative action between governments, companies, and non-governmental organizations in designing policies and business practices that support sustainable economic growth. Building a comprehensive, forward-thinking, and environmentally friendly digital business network is essential for long-term economic development that positively impacts society. Stakeholders can achieve long-term improvements that benefit future generations by prioritizing economic, social, and environmental sustainability. This research aims to build a durable digital business environment for the betterment of the world economy through its contribution to academic literature and business practice.

Hierarchy Analysis of Processes and Strategies for Strengthening Small and Medium Enterprises After New Normal in West Halmahera Regency

One of the main drivers of the economic sector to strengthen the economic foundation and support the community's economy. However, in the business process, there are many problems including not optimal use of local resources and relatively low quality of energy. In line with this description, the formulation of the problem is: How is the Hierarcki Process of supporting and inhibiting factors in the development of MSEs, and how the development strategy, business capital, labor, business networks, availability of raw materials, and the use of technology after the new normal, The purpose of this study is to see the extent of the role of MSMEs after the new normal in facing competitive entrepreneurial dynamics in facing economic competition. The research uses SWOT analysis, to see weaknesses, strengths, opportunities and challenges in economic problems in MSMEs. Then also use the AHP analysis tool, to explain how the process, infrastructure, and human resources in accessing technology information, and capital budgets as needed in addressing the dynamics of information technology in post-new zero economic needs with the target that all MSME actors can access needs both through fellow inter-district and provincial management partners and the role of banking, in providing capital in terms of regulations that ease the burden on MSMEs in West Halmahara Regency.

Drivers and inhibitors of entrepreneurship in Europe's Outermost Regions: Implications for entrepreneurship education

Governments of peripheral regions often seek to encourage entrepreneurship as a means of bolstering employment, typically charging higher education institutions with the task of delivering this mission through their entrepreneurship education programmes. This study investigates the drivers and inhibitors of entrepreneurial intentions among young people in Madeira, a semi-autonomous outlying region of Portugal. Data were collected from 352 final-year undergraduate students on management, economics and tourism courses. The adaptive Least Absolute Shrinkage and Selection Operator method was then applied to select the best predictors from among a large pool of potential covariates. The results found that students with less access to start-up finance and a greater fear of failure tended to have the least entrepreneurial intentions. Children of entrepreneurs had significantly stronger intentions to become entrepreneurs themselves. Entrepreneurial intention also increased significantly with the student's age. The paper concludes that entrepreneurial education providers in island economies firstly need to change the narrative that young people in peripheral regions receive about becoming entrepreneurs, particularly with regard to the greater vulnerability to business risks (the ‘island penalty factor’), and secondly should provide practical support to students who do not have access to family business networks (a possible ‘island bonus factor’).

Big gains in digital ecosystem niches: How facilitators emerge and develop into an organizational category

The digital entrepreneurial ecosystem is a complex and dynamic network of entrepreneurs, businesses, institutions, and systems that use digital technology to interact with one another. It is conducive to the creation, development, and sustainment of innovation in digital ventures. However, the building blocks of any digital entrepreneurial ecosystem remain loosely integrated and under-orchestrated in the early stages of its evolution. The entrepreneurial organizations that act as matchmakers and transaction catalysts have thus come to play significant roles in digital entrepreneurial ecosystems’ functioning, but the understanding of these roles remains relatively limited. Through an in-depth qualitative study of the organizational category observed within multi-channel network (MCN) organizations, a new type of intermediary role was identified and conceptualized as that of a facilitator in live streaming e-commerce, a new role in the digital entrepreneurial ecosystem. The findings suggest that the category emergence of facilitators is based on resource orchestration in the dimensions of people, goods, and scenes, enabled by three primary mechanisms: “novelty perception” (for category awareness), “exemplar projection” (for category scalability), and “structure shaping” (for category recognizability). The theoretical framework developed through this research contributes to the emergence of a new organizational category in the context of the digital economy, as well as offering practical guidance for the category strategy for venture growth in the digital entrepreneurial ecosystem.

Challenges and opportunities of the COVID-19 pandemic on women entrepreneurs operating in the informal food sector: A post COVID-19 analyses

The purpose of this study is to explore the challenges and opportunities of the COVID-19 pandemic for women entrepreneurs operating in the informal food sector. An exploratory qualitative approach is used to guide the collection and analysis of data which were collected from a sample of twenty women entrepreneurs. Verbatim transcriptions of digital recordings were analyzed thematically. The findings of the study indicate that women experienced the worst economic effects of the pandemic and faced a range of challenges, such as decreased customer base and demand, loss of income, lack of government and private support, safety and security fears, disrupted supply chains, and requirement for trading permits. Whereas the opportunities encompassed usage of digital technologies, alternative markets and new product offerings, and establishment of Informal women business networks. From the study findings, it is hence vital that policies acknowledge the importance of women and informal food vendors in the nation's informal food system.

Do Public University Business Incubators in Indonesia Have Good Performance?

Indonesia's innovation management focuses on enhancing competitiveness, independence, and economy through research and development, with university-based business incubators connecting research and commercialization. Three public incubators have an A rating, indicating an 86 percent survival rate. This research aims to explore the level of efficiency of business incubator performance, and level of tenant satisfaction, and classify business incubator services into different levels of satisfaction/dissatisfaction through a satisfaction matrix. The research employs a quantitative method, utilizing a Paired Sample t-test and IPA (Importance Performance Analysis) matrix. The results show that job creation (on average per year) exceeds the benchmarking value, so it can be said that the public universities’ business incubator has contributed to job creation. There are differences in all variables for the level of effectiveness and importance which have negative values or tenants feel dissatisfied with the services provided by the business incubator, business incubator services that need attention are IP protection and startup legal, exhibitions and business matching with investors or potential partners, business network support after graduation and business expansion assistance after graduation.

The Effects of Trans-generational Conflict on Trans-generational Entrepreneurship Performance from the Perspective of First-generation Entrepreneurs’ Networks: Evidence from China

After more than four decades of China’s reform and opening up, many family businesses in China are welcoming the peak of trans-generational inheritance. Therefore, more research is needed to help the second-generation successors avoid the potential negative effect of trans-generational conflicts and keep and maintain the sustainable development of their family businesses. To fill these gaps in the literature, this paper explores the impact of trans-generational conflicts on trans-generational entrepreneurial performance and investigates the moderating role of first-generation entrepreneurs’ business and social networks. Based on a survey data captured from the 221 matched responses from founder and second-generation successors dyads in China, we found that both cognitive and process conflicts have negative effects on trans-generational entrepreneurial performance, and process conflict has a greater negative impact than cognitive conflict. Furthermore, we found that the first-generation entrepreneurs’ business and social networks independently alleviate the negative impact of cognitive conflict on trans-generational entrepreneurial performance. By examining the three-way inaction effect, we also found that the negative effect of process conflict on trans-generational entrepreneurial performance is alleviated. Theoretical and managerial implications are also provided.

How Can Fund Leaders Utilize Organizational Networks to Enhance Organizational Sustainable Performance Using the Funds’ Co-Holding Network as a Tool

With the intensification of economic uncertainty and the increasingly fierce competition in the fund industry, how to use the organizational network to improve the sustainable performance of the fund has become a very urgent issue. However, most of the existing research focuses on the impact of the microstructure of a single social or business network before fund leaders make decisions on the performance of fund organizations, which has the defects of incomplete information sets and the inability of leaders to identify all information and then affect organizational learning and performance. This paper constructs two kinds of fund co-holding networks as two kinds of inter-fund organization networks based on the indirect relationship between the co-holding of large and small funds and the co-holding of large funds. The study not only overcomes the above defects, but also finds that: (a) the status and power of different organizations in the two networks are unbalanced in terms of the macro overall network, the meso community and the micro individual structure, and the “super excellent community” and “benchmark fund” group occupy the core position in the network. (b) With the fund co-holding network as a tool, fund leaders can reduce risks and improve the sustainable performance of funds by observing and learning the behaviors of excellent associations and benchmark funds in the network. We provides a reference for further understanding the characteristics of inter-fund organizational networks and the rational use of organizational networks by leaders of financial organizations for organizational learning and sustainable performance improvement.

Access to Microfinancing and Growth of Women-Led Microenterprises in Madina Market: The Moderating Effect of Women's Business Networks

Access to Microfinancing and Growth of Women-Led Microenterprises in Madina Market: The Moderating Effect of Women's Business Networks