Large Companies Research Articles

Analisis Literatur Efektivitas Sistem Manajemen K3 di Perusahaan Kecil dan Menengah (UKM)

Occupational Health and Safety (K3) is a crucial element in ensuring worker welfare and the smooth running of company operations. Even though SMEs (Small and Medium Enterprises) play an important role in the economy, the work accident rate in this sector is still high compared to large companies. Limited resources and lack of management support are often the main obstacles in implementing an effective K3 management system. Objective: This literature study aims to analyze the effectiveness of the K3 management system in SMEs, identify the challenges faced, and provide recommendations for improving the implementation of K3 in this sector. Methodology: This study uses a literature study approach by collecting and analyzing various academic sources including journal articles, government reports and relevant books. The literature search focused on academic databases such as Google Scholar, ScienceDirect, and ProQuest, using keywords such as "OHS management system", "SME", "OHS effectiveness", and "work safety". Results: Findings show that implementing a comprehensive K3 management system in SMEs can reduce work accidents by up to 25% and increase awareness of the importance of K3. However, challenges such as limited resources, lack of management support, and loose regulations remain major obstacles. This study also found that SMEs that implement good K3 practices tend to have better financial performance. To improve K3 implementation in SMEs, increased access to K3 training and resources, ongoing education campaigns, development of a simple and effective K3 management system, as well as government support in the form of incentives and stricter regulations are needed. Conclusion: Although there are many challenges in implementing the K3 management system in SMEs, with the right approach and adequate support, SMEs can achieve a better level of work safety. This will not only improve worker welfare but also productivity and business sustainability. Keywords: Occupational Health and Safety (K3), Small and Medium Enterprises (UKM), K3 Management System, K3 Effectiveness

Generation Z media consumption practices in social media

The subject of the work is the media consumption of generation Z in social media. Within the framework of the subject of the study, the author presents a brief theoretical and methodological justification, paying special attention to the aspects of research in the field of media consumption by Russian authors A.V. Sharikov, I.A. Poluekhtova, V.P. Kolomiets, M.M. Nazarova, T.E. Grinberg, and also focuses on how large companies study media consumption of the audience (Analytical Center "Video International", TNS Russia). The focus of the research object is on generation Z. The author examines the boundaries of the generation and outlines the basic values inherent in it, in particular, the value of content consumption in social media, which the author emphasizes, referring to previous research. The study used the in-depth interview method, since it is important to obtain qualitative, rather than quantitative, information to identify the media consumption practices of generation Z in social networks. As a result of the study, the following aspects of media consumption of generation Z were revealed: specific sources of consumption of entertainment, news, educational, humorous content, situations when representatives of generation Z turn to social networks on weekdays and weekends, conditions for abandoning social networks, the problem of choosing content, listing significant bloggers, the need for microinfluencers, openness of new information and boundaries the news feed. The main significant conclusion of the work is that the media consumption of generation Z transforms their usual daily practices: waking up and preparing for bed, cooking and eating, walking and exercise. We can say about the transformation of social networks from platforms for communication into platforms that informatively accompany centenials throughout the day.

텍스트 마이닝을 활용한 대학생 중소기업 취업 주요 이슈 분석

This study conducted text mining analysis using news data to objectively evaluate the effects of various policies, such as support for college student and small business employment, implemented during the tenures of past presidents. After collecting a total of 13,939 news articles, preprocessing such as removal of stop words was performed, and keyword analysis and correlation analysis were conducted. The news data was collected from 'Big Kinds' of the Korea Press Foundation. The main results analyzed are as follows: initially, a high-level analysis of the entire period showed that 'jobs' were the most frequently mentioned, followed by 'large companies', 'Seoul', 'workers', and 'job seekers'. Secondly, the yearly word cloud analysis results showed that President Moon Jae-in was associated with Covid-19, manufacturing, subsidies, minimum wage, in that order. President Park Geun-hye was associated with 'workers', youth, subsidies, manufacturing, in that order. President Lee Myung-bak was associated with 'unemployed', manufacturing, vocational high schools (Meister schools), college students, in that order. Thirdly, the TF-IDF analysis revealed distinct differences according to the timing of presidential changes. Additionally, among keywords related to government policies, terms such as National Employment Support System, Tomorrow Learning Credit, and Employment Encouragement Allowance emerged. Through this, it was possible to confirm that these support programs are mentioned in relation to college student employment in small businesses among various government support initiatives.

Diskurzna analiza poslanstev slovenskih podjetij

The study analyzes the discourse of a sample of mission statements of Slovenian Micro, Small and Medium Enterprises (MSMEs) and large companies across six different industries. First, we assess how distinctive these statements are, both at the level of individual companies and within entire industries, using a custom similarity analysis. Then, through a discourse analysis approach, we examine the methods employed by these companies when creating their mission statements. The results reveal that Slovenian organizations often rely on conservative, company-focused mission statements that place less emphasis on stakeholders. Additionally, despite significant variations among individual statements, there are common themes observed when these statements are grouped by industry.

Effect of reputation and social media on the financial performance of SMEs – a comparison between selected business sectors

Research background: The growing popularity of social media increased its significance as a tool for enhancing corporate reputation. However, SMEs are less engaged in social media than large companies. For this reason, numerous SMEs miss the benefits they could derive from using the potential of social media and fail to optimize their reputation management strategies. Furthermore, substantial diversity among SMEs in their social media engagement practices is evident. Consequently, it is crucial to investigate this problem and identify SME owners' and managers’ perceptions of reputation and social media in specific business sectors. Purpose of the article: The aim of this study is to examine and quantify the effect of the importance of corporate reputations and social media on financial performance. Methods: The questionnaire was completed by 864 SMEs engaged in business activities within one of the following sectors: manufacturing, trade, services, and construction. Subjective perceptions of owners and managers of small and medium enterprises (SMEs) were analyzed. Data collection was conducted in the four Central European countries in the years 2022-2023. The statistical hypotheses were verified using correlation analysis and linear regression modelling. Analytical software IBM SPSS Statistics no. 28 was used in the statistical evaluation of the research data set. Findings & Value added: The corporate reputation of companies is a significant factor, which has a positive effect on the acceptable profit of a company in the business sector of manufacturing, trade, construction, and services. The strongest effect is present in the sector of construction. Social media is an important factor with a positive effect on the perception of a sufficient profit of a company by each business sector except construction. The strongest effect is present in the sector of manufacturing. Corporate reputation was found to be insignificant for the perception of the ability to pay obligations (solvency) in the manufacturing sector. This effect is stronger in the construction sector in comparison to the trade and services sectors.

Determinants of stock return in 10 biggest market capitalization on the Indonesian stock exchange

Several research results on the capital market in Indonesia fall into the category of market efficiency in the weak form, so the results of previous research do not reflect the theory of capital market efficiency in the strong form. The purpose of this research is to analyze and answer the existence of inconsistencies in the results of previous research as well as the phenomenon of stock returns which are not as described in capital market theory in strong form. This is what prompted researchers to do it again using different time series and cross-sectional data. This type of research is quantitative descriptive with a panel data multiple regression analysis method using 10 sample companies that are members of 50 large capitalization companies for 7 years. This research formula is to maximize the Stock Return value through leverage as an intervening variable using research objects of companies on the Indonesia Stock Exchange. Two research models are integrated into one and each goes through a model selection test stage, namely the Chow Test, Hausman Test, and Lagrange Multiplier Test using the eviews12 application. The results of this research explain that increasing ROA can have an impact on reducing Leverage (DER) and through DER it can explain the impact on Stock Returns, but ROA cannot directly explain Stock Returns. It is hoped that these results can help as a guide for investors to get maximum Stock Returns.

Productivity Shocks of Dominant Companies and Local Housing Markets

We extend the literature on the influence of firm-level characteristics on housing markets by exploring the association between the labor productivity shocks of dominant firms and local housing prices. Using a sample of all U.S. firms from COMPUSTAT during 1980-2017, we find that the aggregate shocks of labor productivity of dominant firms at the metropolitan statistical area (MSA)-level explain for a significant portion of the local housing price changes in MSAs while controlling for other housing price determinants. About a year or more is required for the shocks to propagate through the local housing markets, which make them a viable predictor of future housing price. The productivity shock – housing price relation is stronger in areas that have more concentrated high-tech dominant firms or where dominant firms have closer links to their local non-dominant industry peers. Shocks are also more influential during economic expansion than economic contraction. Furthermore, the relation also exists at the zipcode level but the shocks propagate faster than at the MSA-level. The findings provide helpful insights for real estate practitioners and policymakers, especially in areas with a higher concentration of large companies.

Legal Protection for Micro, Small, and Medium Enterprises in the Perspective of Job Creation Act

The Job Creation Law, or often referred to as the Omnibus Law, has become a hot topic of debate in the community. On one hand, there are those who support this law on the grounds that it can accelerate economic growth and create new jobs. History shows that MSMEs have tremendous resilience in the face of economic crises. When the economic crisis hit in 1998 and 2008, MSMEs were relatively able to survive compared to large companies. Despite their great potential, MSMEs in Indonesia face various challenges. One of the main challenges is limited access to financing. Many MSMEs struggle to obtain sufficient working capital to expand their businesses. In addition, the low level of education and skills of the workforce is also an obstacle in improving the productivity and competitiveness of MSMEs. The research process using literature studies began with a descriptive qualitative research type. Legal protection for MSMEs is currently better regulated through the Job Creation Law and Government Regulation Number 7 of 2021. Both regulations pay special attention to financing and legal assistance for MSMEs, including legal counseling, legal consultation, mediation, and out-of-court assistance

Costs of Drug Development and Research and Development Intensity in the US, 2000-2018

ImportanceUnderstanding the cost of drug development can help inform the development of policies to reduce costs, encourage innovation, and improve patient access to drugs.ObjectiveTo estimate the cost of drug development by therapeutic class and trends in pharmaceutical research and development (R&D) intensity over time.Design, Setting, and ParticipantsIn this economic evaluation study, an analytical model of drug development constructed using public and proprietary sources that collectively cover data from 2000 to 2018 was used to estimate the cost of bringing a drug to market, overall and for specific therapeutic classes. The analysis for the study was completed in October 2020.Main Outcomes and MeasuresThree measures of development cost from nonclinical through postmarketing stages were estimated: mean out-of-pocket cost or cash outlay, mean expected cost, and mean expected capitalized cost. Pharmaceutical R&D intensity, defined as the ratio of R&D spending to total sales, from 2008 to 2019, based on the time frame for available data, was also analyzed.ResultsThe estimated mean cost of developing a new drug was approximately $172.7 million (2018 dollars) (range, $72.5 million for genitourinary to $297.2 million for pain and anesthesia), inclusive of postmarketing studies. The cost increased to $515.8 million when cost of failures was included. When the costs of failures and capital were included, the mean expected capitalized cost of drug development increased to $879.3 million (range, $378.7 million for anti-infectives to $1756.2 million for pain and anesthesia); results varied widely by therapeutic class. The pharmaceutical industry as a whole experienced a decline of 15.6% in sales but increased R&D intensity from 11.9% to 17.7% from 2008 to 2019. By contrast, R&D intensity of large pharmaceutical companies increased from 16.6% to 19.3%, whereas sales increased by 10.0% (from $380.0 to $418.0 billion) over the same 2008 to 2019 period, even though the cost of drug development remained relatively stable or may have even decreased.Conclusions and RelevanceIn this economic evaluation of new drug development costs, even though the cost of drug development appears to have remained stable, R&D intensity of large pharmaceutical companies remained relatively unchanged, despite substantial growth in revenues during this period. These findings can inform the design of drug-related policies and their potential impacts on innovation and competition.

The performance of Croatian hotel companies – DEA window and Malmquist productivity index approach

The hospitality industry operates in a dynamic and competitive environment whereefficiency and productivity are crucial for sustainable success. The main goal ofthis paper is to assess the dynamic changes in the efficiency and productivity oflarge and very large Croatian hotel companies and to investigate whether theirlocation influences these factors. It also aims to determine how resilient thecompanies are to macroeconomic shocks and to identify the causes of inefficiencyand productivity changes separately for each location. The analysis is conductedfor 70 large and very large hotel companies in total and separately for those incoastal and the continental Croatia from 2017 to 2022 using the Window DataEnvelopment Analysis and the Malmquist Productivity Index. The results show aslight decrease in relative efficiency in 2020 due to the impact of the COVID-19pandemic. The main cause of inefficiency for coastal hotel companies throughoutthe period is management performance and other exogenous factors. Conversely,the main cause of inefficiency for continental hotel companies shifted from non-optimal production size to management and other exogenous factors after 2020.Productivity declined between 2019 and 2020 due to the decline in technologicalchange for companies in both locations. Prior to 2020, coastal and continentalhotel companies followed a similar trend. While coastal hotels recovered faster in2021, continental hotels recovered more steadily and achieved higher productivityin 2022. This research provides valuable insights for hotel managers andacademics seeking to navigate the ever-changing field of hotel management.

ПРОГНОЗИРОВАНИЕ ВЫРУЧКИ БЫСТРОРАСТУЩЕЙ КОМПАНИИ С ИСПОЛЬЗОВАНИЕМ ЛОГИСТИЧЕСКОЙ КРИВОЙ

The aim of the study is to assess the advancement potential of fast-growing companies, to create prerequisites for predicting the gain of such companies. The objective is to identify and forecast the growth points of the country’s economy, which is generally based on the advancement of individual economic entities, namely organizations. The research method for forecasting revenue as the main indicator of fast-growing companies (FGC) is considered. As an approximation, a logistic curve (the Ferhulst curve) is examined, the parameters of which are identified by the least squares method. Open data from financial statements of organizations are applied as a source. This work uses the criterion for distinguishing fast-growing companies; the average annual growth is of at least 50% at current prices. The novelty of the work lies in studying fast-growing organizations using a logistic curve (sigmoid). Approximation parameters are identified. A growth assessment (forecast) for organizations for 2040 is made. The statistical reliability of the selected approximation is established for 714 large and medium-sized fast-growing companies from the sample. The research results state, that a sample of about 900 fast-growing Russian companies is identified using the methods for processing large data sets from 2.5 million organizations. The illustrative calculations are based on actual sample data, highlighting the example of Wildberries in more detail. An assessment of the growth opportunities of the organizations under consideration is made. Studying the applicability of the proposed method using statistical criteria is carried out. The findings show that studying fast-growing organizations’ advancement for a medium or longer period using a logistic curve looks more preferable than applying an exponential one. For the vast majority of such organizations, the approximation of the logistic curve is statistically significant.

Digital solutions for workplace safety: An empirical study on their adoption in Italian metalworking SMEs

Occupational safety is a critical aspect of the manufacturing sector, especially for small and medium-sized enterprises, which often face a safety divide compared to large companies due to significant differences in resources and awareness. Digital solutions can provide interesting support for dealing with specific hazardous situations and improving safety performance. However, there is a digital divide based on company size when it comes to the adoption of innovative digital solutions by small and medium-sized enterprises. This digital divide could widen the safety divide. To bridge these divides, the present research, through an extensive survey conducted among employers of Italian metalworking small and medium enterprises, explores various digital solutions and their potential to tackle hazardous situations in the workplace; it also addresses barriers and drivers influencing the adoption of the solutions and evaluates the results against different contextual factors characterizing the studied enterprises. Key barriers adopting digital solutions include the lack of perceived benefits, privacy concerns, implementation difficulties, and cost. On the other hand, the clarity and trustworthiness of the data collected and the ease of use of a digital solution can support the adoption. The study offers academic and managerial insights and contributes to the debate on the transition to Industry 5.0.

With a little coping from my friends: a case study of voice, manager response and collective coping in an organisational context

Although research has established the importance of employee voice on job performance, turnover, and job satisfaction, little is known about the impact of voice, particularly group voice, on collective coping. Thus, this study examines the interplay between group voice, managerial responses, and collective coping practices among groups of employees over time. This case study was conducted at two units of a large Danish company, involving worksite observations as well as individual and group interviews over five months. The findings demonstrate that managerial response to voice combined with the prevailing group voice/silence climate impacts collective coping practices. Specifically, a group voice climate combined with managerial openness to voice leads to collective action. In contrast, a lack of managerial openness results in collective resignation, and a group silence climate with managerial unresponsiveness leads to collective adjustment to workplace challenges. Implications to theory and practice are discussed.

R&D Cooperation and Absorptive Capacity of Russian Organizations

R&D cooperation is one of the main channels for new knowledge diffusion to create innovation. Therefore, it is important to understand exactly how enterprises use this channel. The purpose of this article is to identify the structure of R&D cooperation determined by both the heterogeneity of partners and the size of organizations. This structure is considered in dynamics. The analysis is based on Rosstat data characterizing the participation in joint R&D projects of innovation-active firms from 2019 to 2022. This approach allows us to find out how the structure of cooperation changes under the influence of crisis. However, unlike most Russian studies, this work also defines the relationship between the choice of R&D partners and the absorptive capacity of organizations in Russia. Differences in absorptive capacities (i.e. abilities of organizations to find, assimilate and apply new knowledge from external sources) largely determine the choice of partners in innovation activities and the results of cooperation. The article finds that despite government efforts the links between science and business are weakening in Russia, as not only small entities but even large companies have largely shifted their preferences to less risky projects. The persistence of such cooperation patterns leads to a decrease or even loss of Russian firms’ capacity to assimilate and use new knowledge to create radical innovations. Consequently, measures are needed not only to maintain the scale of R&D collaboration, but also to avoid negative changes in their structure. Such measures should also include incentives for enterprises to increase absorptive capacities. Unfortunately, these incentives have received little attention both in the practice of innovation management and in Russian economic literature.

Model of dimensions and variables of corporate social responsibility updated through structural equations.

Corporate social responsibility (CSR) is a constantly evolving concept that reflects changes in society and the expectations of stakeholders in a process that leads companies to adapt to respond to new challenges and demands. Similarly, the theory and practice of CSR have moved from regulatory compliance to a more holistic approach that requires more sophisticated models that allow for a deeper understanding. Following the fact that companies now have access to a greater amount of information related to their social and environmental performance, as well as comparative data from other organizations, which is why it is necessary to have a management tool that allows collecting, process, and generating more accurate and meaningful metrics that more effectively reflect a company's impact on society. Consequently, the present work aims to identify a system of variables and dimensions representative of the management of organizations that allows the validation of a generic model of corporate social responsibility determined through factorial and structural modeling capable of reflecting more accurate and up-to-date dimensions and metrics of model variables and dimensions. To carry out the study, a sample of 667 middle and senior managers from medium and large companies in Guayas, Ecuador, were randomly contacted in their respective business contexts by trained interviewers. The data processing was carried out in stages. First, the exploratory factorial analysis method of the items was applied to form relevant factors. Then, the dimensions' structural modeling was formulated and ratified through the pertinent goodness-of-fit indices. The results determined a system of correlated factors whose items present estimators of commonality and high and significant factorial loads, excluding variables that did not exceed the sensitization criteria applied. Finally, a model made up of 15 factors and 66 variables ratified using the comparative adjustment indices, the chi-square likelihood ratio, and the mean square error of approximation is introduced, confirming the proposed corporate social responsibility model.

Application of Allot Secure Service Gateway for WAN Network Bandwidth Management at PT. Bank Permata Tbk

As is generally experienced by large companies that have a large number of branches and centralized applications, PT. Bank Permata Tbk currently has WAN Bandwidth that manages links and the complexity of current applications and Protocols. However, the application and observation of the Bandwidth settings has not been maximized. If these problems are not regulated, it is feared that this will interfere with the performance of PT. Bank Permata Tbk which in the end will be able to reduce the level of business competition ability when compared to other Top companies that become its competitors. The research method used in this research is the HTB (Hierarchical Token Bucket) method. The HTB method is a method that functions to regulate the distribution of Bandwidth, the division is carried out in a hierarchy which is divided into classes to make Bandwidth Management easier. At this stage, the problem that will become the research object of the problem formulation is the absence of structured reports for Bandwidth usage in each branch. In the analysis of this system it can be concluded that PT. Bank Permata Tbk does not yet have a structured report for Bandwidth usage at each branch and without any special limitations on Bandwidth. And with this problem, the branch application that is used does not run optimally. With the implementation of Bandwidth Management using the Allot Secure Service Gateway on the WAN network of PT. Bank Permata Tbk so that it can produce structured reports and monitor Traffic Bandwidth from both branches to branch applications.

Market Structure as a Vehicle for its Plasticity: an Introduction to the International Cachaça Market from the Perspective of the Industrial Organization Paradigm

Objective: The objective of this study was to present how market structure serves as a vehicle for market plasticity. To achieve this objective, the example of the international cachaça market was used. Theoretical Framework: To understand the structure, we utilized the theory of the Industrial Organizations paradigm. This paradigm specifically considers three areas of concentration for its study efforts: the firm, the markets, and the industries. Method: Using secondary data provided by the English beverage magazine Millionaires, a quantitative study of the distilled beverages market, and more specifically the Brazilian cachaça market, was developed. For the empirical study of the market, measures used included the Concentration Ratio (Cr), the Herfindahl-Hirschman Index (HHI), and the Theil Coefficient (ET). Results and Discussion: In the direct competition of the international distilled beverages market, the cachaça industry stands out with 55.71% of the total market. In terms of concentration in the international distilled beverages market, the concentration ratio (Cr) of the four largest companies was 59.76%, indicating a moderately competitive market. The HHI (Herfindahl-Hirschman Index) was 928.99, which suggests a competitive market according to the standards of the U.S. Department of Justice. The Theil Coefficient (T) was 0.92, indicating a low concentration market. Research Implications: Supported by the Structure-Conduct-Performance approach, Industrial Organization enabled the identification of some dynamics of the cachaça market in this study. Finally, we believe we have contributed to the understanding of the structure of the international cachaça market and some of the influences of this structure on market plasticity. Originality/Value: As presented in this study, the market structure denotes the potential to reshape the market, promoting responses to the actions of its players.

Sustainability dimensions in the mission, vision and value statements of the largest corporations in Ghana: a sectoral analysis

PurposeThe purpose of this paper is to compare how the various sectors among the largest companies in Ghana have incorporated sustainability into their mission, vision and value statements.Design/methodology/approachThe mission, vision and value statements of the 100 largest corporations in Ghana, known as Ghana Club 100 (GC100), were extracted from the firms’ official websites. These firms were grouped into nine sectors, and the sustainability components in the mission, vision and value statements were subjected to cross tabulation and thematic contents analysis to establish the sectoral variations.FindingsIn formulating their mission, vision and value statements, GC100 firms were more than six times likely to include economic sustainability themes than environmental sustainability themes. Even though three out of every five GC100 firms are financial institutions, the manufacturing and the extractive sectors and firms ranked 1st−20th are three times likely to incorporate all the sustainability dimensions (i.e. economic, social and environmental) into their mission, vision and value statements. Firms in the financial sector and those ranked 80th−100th were more likely not to publish either a mission, vision or value statements online.Practical implicationsThis study reveals the magnitude of the strategic pronouncements such as mission, vision and value statements of large firms in emerging economies and how they are aligned with sustainability. This could serve as a basis for formulating guidelines to reinforce efforts that contribute to corporate sustainability.Originality/valueResearch on how large firms align sustainability into their mission, vision and value statements is not a new agenda, but fragmented in the context of the emerging economies. The novelty is that this study addresses this gap and contributes to this topic from a sectoral comparative perspective of largest organization in Ghana, an emerging economy.

Wrapping: an artistic device used in the integration of corporate reporting

PurposeThis study explores the integration of corporate reporting by Mitsubishi, a large Japanese company, using a culturally sensitive narrative that combines and reconciles Japanese and Western corporate values in one story.Design/methodology/approachWe use an analytical framework drawing on insights borrowed from narratology and the notion of wrapping – the traditional art of packaging as communication.FindingsWe find that Mitsubishi is a survivor company that uses different corporate reporting frameworks during its reporting journey to construct a bespoke narrative of its value creation and cultural values. It emplots narratives to convey a story presenting the impression that Mitsubishi is a Japanese corporation but is compatible with Western neo-liberal ideology, making bad news palatable to its stakeholders and instilling confidence in the future.Research limitations/implicationsWrapping is a culturally sensitive form of impression management used in the integration of corporate reporting. Therefore, rather than assuming that companies blatantly manipulate their image in corporate reports, we suggest that future research should focus on how narratives are constructed and made sense of, situating them in the context of local culture and traditions.Practical implicationsThe findings should interest scholars, report preparers, policymakers, and the IFRS, considering the recent release of the IFRS Sustainability Disclosure Standards designed to reduce the so-called alphabet soup of corporate reporting. By following Mitsubishi’s journey, we learn how and why the notion of integrated reporting was adopted and integrated with other reporting frameworks to create narratives that together convey a story of a global corporation compliant with Western neoliberal ideology. It highlights how Mitsubishi used integrated reporting to tell its story rather than as a rigid reporting framework, and the same fate may apply to the new IFRS Sustainability Reporting Standards that now include integrated reporting.Originality/valueThe study offers a new perspective on corporate reporting, showing how the local societal discourses of cultural heritage and modernity can shape the journey of the integration of corporate reporting over time.

Beyond the cow: Consumer perceptions and information impact on acceptance of precision fermentation-produced cheese in Germany

Precision fermentation (PF) is a process for producing dairy products without the need for cows. The technology is considered to have potential for addressing sustainability issues by producing high-nutritional proteins with lower resource consumption. As knowledge about the impact of information as well as of perceived benefits and risks on consumer acceptance is still low we conducted an experimental study with 2,035 German participants. We tested five information treatments regarding basic facts, technology, genetic modification, and similarity to other products using a between-subject design. Furthermore, we included potential benefits and risks concerning animal welfare/farmers’ livelihoods, food quality (consistency and naturalness), land use, nature, and market. Our analysis only shows a significantly negative, but low, impact of information about genetic modification on consumers’ willingness to try PF cheese. We were further able to reveal that consumers are positively influenced by benefits that emphasize the consistent quality and sustainability aspects of PF cheese. The negative arguments addressing farmers’ risk of losing their source of income and the potential market power of large companies appear to be the greatest acceptance-reducing influence. Overall, this study serves as a basis for the successful marketing and communication of PF cheese.