Industrial Companies Research Articles

Risk Perception and Mitigation in Hand Tool Use: A Comparative Study of Industrial Safety Perspectives from Ecuador and Hungary

There is an increasing trend to develop innovative information technologies that empower industrial companies and tool suppliers to pioneer new production methods and technologies. This study aims to support innovation in industrial practices by using information technologies to enable companies and tool suppliers to adopt advanced production methods. By focusing on the usability of hand tools, the research seeks to establish essential parameters and focuses on analyzing the perception of risk and its associated benefits when using hand tools. To examine risk perception and risk benefits when using hand tools, the analysis data were collected from workers in two countries and included studies processed by Domain-Specific Risk-Taking (DOSPERT). As a result, it is identified as risk-seeking in the sphere of workers who are very confident in their ability and capacity to perform the determined tasks and carry out risk aversion with other external parameters related to hand tools and environmental characteristics. In addition, the risk perception and worker behavior to deal with it are delineated, giving parameters to help managers avoid workers’ injuries or illnesses, identifying the main risk domains for using hand tools use in specific industrial tasks.

The impact of TQM on organizational performance: the mediating role of entrepreneurial orientation

PurposeThis paper tries to study the link among entrepreneurial orientation (EO), total quality management (TQM) and organizational performance as well as the mediating role of entrepreneurial orientation within this relation.Design/methodology/approachData were gathered from a survey administered for 205 Tunisian industrial firms. The evaluation of the research model was performed using structural equations modeling within AMOS software.FindingsThe results indicate firstly that TQM positively and directly impacts EO; secondly, that EO has a direct and positive effect on organizational performance; thirdly, TQM has no direct and significant effect on organizational performance. This relationship becomes significant when it is mediated by EO.Research limitations/implicationsThe current study helps managers understand the mechanism of simultaneous adoption and development of TQM and EO. It also helps them understand how TQM practices support entrepreneurial orientation, and their role in ensuring organizational performance.Originality/valueA particular feature of this study is the analysis of the mediating role of entrepreneurial orientation in the relationship between TQM and organizational performance. This research also makes a unique contribution to the analysis of the direct effect of TQM on entrepreneurial orientation in industrial companies.

The Effect of Financial Performance and Corporate Social Responsibility on Firm Value with Firm Size as a Control Variable

The main objective of this research is to explore how financial performance and corporate social responsibility influence the value of companies in the consumer goods industry in Indonesia, using firm size as a factor to consider. The study will concentrate on companies listed on the Indonesia Stock Exchange from 2021 to 2023. The research will gather data from previous studies and select samples based on specific criteria. A total of 285 samples will be analysed in this study. The data will be analysed using panel data regression analysis, which is suitable for examining how the variables interact with each other over the designated time period. The results of this research indicate that companies with higher profitability, as measured by Return on Assets (ROA), tend to have a greater firm value. Conversely, there was no notable impact on firm value from Corporate Social Responsibility (CSR), implying that consumers and investors may not rate CSR initiatives highly when evaluating company worth. Furthermore, the variable of firm size was shown to have a significant influence on firm value, with larger companies usually having a higher firm value.

Seawater intrusion and infiltration modelling coupled to digital tools to avoid high saline concentrations in reclaimed water: application in coastal central Italy

ABSTRACT An industrial symbiosis approach was established between an industrial company and a water utility to prioritize the reuse of urban wastewater for industrial purposes. This requires low-salinity water, but this area is frequently affected by saline intrusion, thus creating water-related conflicts between the different economic activities. This study proposes a digital solution that combines a dynamic simulation model (that predicts seawater intrusion and runoff) with digital tools, i.e., smart-equalization (a control algorithm) and a matchmaking platform (a decision support system). The models aim to predict the periods where significant peaks of salinity occur, whereas the tools aim to distribute the wastewater and reclaimed water streams to diverse applications (industrial and agricultural) and/or treatments (conventional treatment and reverse osmosis) to maximize the amount of wastewater reused in an efficient and sustainable way. During the 2D simulated period, wastewater conductivity was in the range of 2,100–2,700 μS·cm−1. Although this conductivity was over the limit required for industrial reuse, the digital solution implemented in this study enabled a recovery of 71% of the total wastewater produced for industrial purposes and 10% for irrigation, only discharging 19% of the total. The approach implemented in this study would be very useful to be replicated in coastal areas where saline intrusion is relevant.

Analisis Prediksi Financial Distress Menggunakan Model Grover (G-Score) dengan Menerapkan Mekanisme Good Corporate Governance di Indonesia

Financial distress is an indication that a company’s finances are not healthy but are still some distance from bankruptcy. Companies can indentify financial problems earlier as a foundation for internal assessment and communication. One of the causes of financial distress is the state of corporate governance. The purpose of this research is to determine the effect of good corporate governance, as proxile by managerial ownership, institutional ownership, an independt board of commissioners, audit committee, and managerial agency costs, on financial distress, as calculated using the Grover (G-Score), in consumer goods industry companies listed on the Indonesia Stock Exchange from 2021 to 2023. The sampling technique uses the purposive sampling method and 60 consumer goods industry companies mer the criteria with 180 data used as research samples. The analytical method used in this research is multiple linear regression analysis using SPSS Version 25. The result showed that Managerial Agency Costs has a significant effect on Financial Distress with the Grover approach. Meanwhile, Managerial Ownership, Institutional Ownership, Independent Board of Commissioners, Audit Committee do not have a signifcicant effect on Financial Distress with the Grover approach.

RÁBA – Running Down a Dream

This article aims to introduce to the reader the story of the RÁBA Hungarian machinery factory and its connections to North-Africa. As the RÁBA consortium was one of the largest industrial company in Hungary from the beginning of the 20th century, it surely has a long history with Africa to be told. The article firstly gives a historical review of the company, then it turns to describe the role of the machinery factory in the international trade and then the life of the famous Mr. Ede Horváth (CEO of RÁBA), a relative of the author gets to be examined. The article then takes every era of Egyptian politics (the Infitāh with Sadat, the Mubarak years), and continues to describe the business the company made with the country. After concluding the findings, there is an interesting appendix with the memoirs of the author which colours lively the experiences and thoughts of the author. The theme is very actual and with its interesting forms and stories that it includes is more than recommended for the reader. The article’s aim finally is to give a comprehensive picture about the Soviet era’s businesses between Hungary and Africa, which it surely describes well enough.

Child Labor Prevention and Supply Chain Sustainability: Evidence from German Outdoor Textile Companies

The aim of this article is to present the measures that German textile companies in the outdoor industry are taking to minimize the risk of child labor in their supply chains. To this end, five company sustainability reports and a company assessment by the independent Fair-Wear-Foundation are evaluated as examples. The measures are assigned to predefined categories in accordance with the OECD guidelines. In a second step, subcategories are formed for the measures assigned to the main categories. The data analysis shows that companies are already taking a variety of measures to minimize the risk of child labor in their supply chains. The measures mainly focus on the companies' direct suppliers (Tier-1). Only few measures are taken regarding the deeper supply chain, even though the risk of child labor is rated as particularly high here. Contractual obligations between suppliers and audits along the entire supply chain are discussed as a measure that can contribute to reducing the risk in the deeper supply chain. Keywords: child labor, supply chain, garment industry, OECD guidelines

Cash Holding in Indonesia

This paper has objective to explore determinant of Cash Holding in Emerging Market. Variable is used to determine cash holding which is Gross Profit Margin, Accounts Receivable and Account Payable, Return on Assets, Debt to Equity Ratio, Interest Rate and COVID-19. This paper used panel data model to estimate relationship among variable. Research period is from 2016 to 2023 and 15 Companies in retail industry. The results found that coefficient of correlation among variable is below of 0.5, Gross Profit Margin, Accounts Receivable and Account Payable, ROA and DER and COVID-19 significantly affect cash holding.

Pengaruh Kompensasi Manajemen dan Tingkat Utang Terhadap Manajemen Pajak Pada Perusahaan Industri Yang Terdaftar di BEI Tahun 2019 – 2023

This study aims to determine the effect of management compensation and debt levels on tax management in industrial companies listed on the Indonesia Stock Exchange (IDX) for the 2019-2023 period. The study uses a quantitative method with multiple regression analysis techniques through the Eviews 13 application. The sample used consisted of 13 companies that met the research criteria with a purposive sampling technique, namely the selection of samples based on certain criteria that are relevant to the research objectives. The results of the study indicate that management compensation has a negative and significant effect on tax management with a probability value of 0.0216 (<0.05). Conversely, the debt level has a positive and significant effect on tax management with a probability value of 0.0004 (<0.05). Simultaneously, the variables of management compensation and debt levels are able to explain 51.7% of the variation in tax management, as indicated by the adjusted R-squared value of 0.516880. The results of the F test also show that this research model is significant overall with a probability of 0.000001. These findings support agency theory which explains that managerial incentives and debt structure can influence tax management practices. This study provides implications that companies need to consider compensation policies and debt structures to optimize tax management efficiently and in accordance with regulations.

Relationship between profitability and dividend payout from industrial companies listed at Dar es Salaam Stock Exchange, Tanzania

The creation of profits is necessary in order to distribute dividends to shareholders after investment. Previous studies focused on dividend payments and macroeconomic conditions. The aim of this paper is to investigate the connection between profitability and dividend pay-out in Tanzanian industrial companies that are listed on the Dar es Salaam Stock Exchange (DSE). The study used a panel data research design and a quantitative technique. The research conducted from 2009 to 2023, 105 firm-year data points from seven industry categories were analyzed. The study was to compile significance data through documentary review. Panel data regression was used to evaluate the research data both descriptively and inferentially. The findings of the research showed a strong positive association (P < 0.005) between manufacturing firms' profitability and dividend payout. All things considered; the findings indicate that industrial enterprises listed on the DSE are primarily motivated by profit. The study suggests that manufacturing companies should raise their profitability to attract more capital and raise the dividend payment ratio.

Machine Learning Algorithms for Predictive Maintenance: A Systematic Literature Mapping

Predictive maintenance is a practice that industrial companies can apply to their processes thanks to technologies such as artificial intelligence and the Internet of Things. Machine Learning algorithms are used in many fields to make predictions or classifications. Predictive maintenance is an area of research that provides new practices, strategies, or methodologies. As a relatively new field, the methodologies are still scattered and there is little information on the maturity of the algorithms. To provide a solid foundation, a systematic literature review is presented to give engineers and researchers an overview of machine learning algorithms used in predictive maintenance. The results obtained show some growth in recent years, demonstrating the interest in this area of research. However, most of the contributions in this field can be summarized as concept proofs and it is still difficult to obtain a prototype that can be validated as a complete and certified system. This paper describes the main machine learning algorithms used in predictive maintenance according to their type of use and supervision, analyses their input and output parameters, and determines their maturity.

Environmental Aspects in ESG Strategies for Mid-sized Enterprises: The Case of HL Group

This study aims to analyze HL groups’ corporate efforts concerning the environmental (E) aspects of ESG (Environmental, Social, Governance) practices and propose future considerations. The analysis examined sustainability reports from 2021 to 2023 for HL groups’ subsidiaries – HL Holdings, HL Mando, HL D&I, and HL Klemove. The study focused on carbon emissions, water usage, waste generation, and energy consumption. Additionally, activities related to biodiversity conservation were examined through keyword analysis, materiality analysis, and adherence to GRI 304 Standards. In terms of carbon emissions, for all companies, Scope 2 emissions were higher than Scope 1 emissions. Therefore, it is necessary to set carbon neutrality goals and implement reduction strategies such as renewable energy development. In terms of water usage, HL D&I Halla transparently disclosed the water usage during the construction process and reduced its water usage by 8% in 2023 compared to 2022. Regarding waste emissions, HL D&I Halla reduced waste by 63% in 2023 compared to the previous year and achieved a 100% recycling rate. For energy usage, it was confirmed that all companies are voluntarily making efforts to reduce their energy consumption. In a comparison with other companies in the mobility industry, HL Mando showed an increase in all factors except for Scope 1 emissions. However, the company is making efforts towards eco-friendly management by establishing an environmental department and setting carbon neutrality goals. In the construction industry, HL D&I Halla showed a decrease in all analyzed factors. In terms of biodiversity conservation, no company selected biodiversity as a significant issue in 2023. Despite HL groups’ efforts in the environmental domain, some companies were found to have insufficient performance in eco-friendly management. Specifically, regarding biodiversity conservation, all four companies need to make more concrete and practical efforts in the future.

Comparative Study on the Harmonization of Resource- Utilization in the Case of Three Companies in the European Automotive Industry

Comparative Study on the Harmonization of Resource- Utilization in the Case of Three Companies in the European Automotive Industry

Evaluation of Critical Success Factors in The Indonesian Automotive Industry using DEMATEL-Based ANP to Implement Green Supply Chain Management

<p> <strong>Analysis of Indonesian car production</strong><strong> data in 2022 shows significant trend for increase in production and sales from year to year. The automotive industry in Indonesia is currently an important non-oil and gas sector which has a major contribution to the national economy. Currently, Indonesia has 22 four-wheeled motor vehicle industry companies. The higher the level of car production, the higher the CO2 emissions produced, and the higher the worldwide pressure to the countries to reduce the CO2 emission damage. Therefore car companies must implement Green Supply Chain Management (GSCM). However, the many criteria in GSGM implementation make it difficult for industry players to decide on the appropriate strategic decisions. The aim of this study is to find out the critical success factors in implementing GSCM in the Indonesian automotive industry and their interrelationship. The method used in this study is the Decision Making Trial and Evaluation Laboratory (DEMATEL) based on the Analytic Network Process (ANP). The results of this study show that the top five of 25 critical success factor in global weight are: top management perspective 4.86%, company competitiveness 4.57%, economic interest 4.55%, Using energy-efficient machinery and equipment 4.49% and Carbon footprint identification 4.48%.</strong></p><p><strong><em>Keywords</em></strong> - <em>Automotive Industry, Critical Success Factors, DEMATEL Based ANP, Green Supply Chain Management.</em></p>

Improving business process efficiency in gaming industry companies using the cmmi (capability maturity model integration) methodology

Improving business process efficiency in gaming industry companies using the cmmi (capability maturity model integration) methodology

HUMAN RESOURCE PLANNING IN THE INDUSTRIAL SECTOR STRATEGIES TO DEAL WITH TECHNOLOGICAL CHANGE AND GLOBAL COMPETITION

Human Resources (HR) plays a central role in determining the competitiveness and success of companies in the industrial sector. HR planning is becoming increasingly complex with technological disruption, globalization, and changing market dynamics. This article discusses in depth the importance of HR planning in the industrial sector by reviewing various aspects such as industrial environment analysis, identification of workforce needs, employee development strategies, and challenges faced. In addition, emphasis is also given to the strategies that companies need to take to improve the effectiveness of their HR management, especially in facing challenges in the digital and automation era. The conclusion emphasizes that adaptive and data-driven HR planning can help industrial companies maintain their competitiveness in the global market.

Sustainable performance analysis and environmental protection optimization of green entrepreneurship-driven energy enterprises

This study investigates the impact of green entrepreneurship on the sustainable performance of energy companies, with a focus on the roles of green entrepreneurial orientation, green dynamic capabilities, and business model innovation. Through quantitative analysis of survey data, the results reveal a significant positive correlation between green entrepreneurial orientation and sustainable performance. Furthermore, green dynamic capabilities and business model innovation act as mediating factors in this relationship. The findings suggest that strategies aimed at optimizing environmental protection can also enhance sustainability. This study highlights the importance of integrating green innovation and optimizing conservation strategies, offering valuable insights and recommendations for improving the sustainable development capabilities of companies in the energy industry.

Capital Structure and Firm Performance: Evidence from Turkish Manufacturing Firms

One of a company's most crucial financial management decisions is its capital structure, which, when adopted correctly and successfully, can almost ensure its objectives are met. Capital structure affects the cost of capital and is important in enhancing a company's operational performance. The capital structure decision is a cornerstone of corporate financial management, influencing both short-term performance and long-term viability. To find the best debt-to-equity ratio for sustainable growth and shareholder value, businesses must carefully consider their industry dynamics, business climate, and financial objectives. Given the importance of this issue, this study's main goal is to look into how capital structure decisions affect the financial performance of Turkish firms in the food, textile, and fabricated metal subsectors between 2011 and 2020. In this study, short-term liability (STL) and long-term liability (LTL) are used as capital structure measures, return on Assets and return on equity are used as firm performance measures, and sales growth and company size are considered control variables. The findings of this study indicate a negative association between debt and the operating performance of these companies in all three sectors. This implies that companies in the aforementioned industries will have to forfeit some of their company's worth if they raise the amount of debt in their capital mix.

Transformational Leadership in Middle Management: Its Impact on Entrepreneurial Orientation and Social Network in Performance at a Banking Industry Company

<em>The sector of banking plays a strategic role in driving the economy of the country. The growth of this sector can help the economy but also increases the intense competition in Indonesia. To improve performance, banking companies need to maintain good relationships with external parties. The role of branch offices, which interact directly with customers and stakeholders, is considered important to understand market conditions and customer needs. Branch offices have the responsibility to interact directly with customers to understand their needs, where the branch head holds a crucial role in executing this responsibility. This study explores the influence of transformational leadership possessed by the branch head on entrepreneurial orientation, social network, and performance at a branch office of a banking industry company. This study uses a quantitative method, where data collection was done through a survey. The unit of analysis is a branch office with a total of 49 branch heads. The results of the study show that transformational leadership has a significant influence on entrepreneurial orientation and social network. Most respondents, alumni of Management Trainee programs placed in various branch offices, thus having extensive knowledge about the company and high adaptability skills. The branch head, as middle management, plays a crucial role in creating a work environment that supports innovation and collaboration. It was found that the ability of branch offices to interact well internally and externally can increase the financial and customer performance of the branch office.</em>

A Study of Responsible and Sustainable Tourism Practices in Tata Group of Hotels and Resorts

Responsible tourism is a form of tourism that aims to minimize negative environmental and social impacts while promoting economic benefits for stakeholders. It involves practices such as reducing waste, conserving energy, engaging with local communities, and promoting cultural heritage preservation. Responsible tourism is becoming increasingly important as travellers seek responsible travel options. Hotel service providers can do this by hiring local staff, offering training and development opportunities, and promoting local culture and customs to guests. By supporting local economies, preserving natural and cultural heritage, and promoting social and environmental responsibility, responsible tourism can help to create a more sustainable and equitable future, in line with the Millennium Development Goals (MDG). This study aims to analyze the responsible sustainable tourism practices of the Tata Group of Hotels and Resorts. The research focuses on understanding the company's approach to sustainable tourism and its impact on the environment, economy, and society. Data was collected through a combination of secondary sources such as company reports and publications. The results of the study show that the Tata Group of Hotels and Resorts has a strong commitment to sustainable tourism, implementing a variety of practices such as energy and water conservation, waste management, and community engagement. The study also highlights the challenges faced by the company in implementing sustainable practices and the need for further research in this area. The findings of this study contribute to the growing body of literature on sustainable tourism and provide insights for other companies in the hospitality industry to adopt responsible sustainable practices.