Local Companies Research Articles

External and internal factors affecting collaborative consumption practices: insights from new-middle classes in an emerging market

Purpose This study aims to unravel the perceived barriers, and external and internal factors affecting the new middle-class Turkish consumers’ collaborative consumption practices (e.g. accommodation rental and ride-sharing services). Design/methodology/approach This study conducts semi-structured, in-depth interviews with 21 new middle-class consumers from Turkey. The qualitative data were analyzed with reflexive thematic analysis. Findings Findings show that environmental stimuli (economic crisis, transparent legal requirements, word-of-mouth, urban mobility, unique experiences, cosmopolitan thinking) affect organism factors (financial gains and psychological barriers such as difficulty in relying on service providers, guarded vulnerability, unfavorable brand image of local companies, conventional constraints). Organism factors affect the response of intention to engage in collaborative consumption. Practical implications Collaborative consumption services can integrate socially responsible projects into their lower-priced services giving signals of “unique,” “feeling at home” and “rely on”. This will help to overcome perceived barriers of conventional constraints, difficulty in relying on service providers and contribute to financial gains and unique experiences. Originality/value The extant literature focuses mainly on intrinsic and extrinsic motives without thoroughly investigating barriers and their connections to external and internal factors influencing collaborative consumption. This study answers the calls for further research on barriers, external and internal factors affecting collaborative consumption practices. Moreover, this study addresses the need for research on the collaborative consumption practices of middle-class consumers.

In India, most principal investigators have run very few trials over the years.

In the past, clinical trials run in India have been the subject of criticism. Among other steps to improve the trial ecosystem, for some time the government limited the number of trials that a Principal Investigator (PI) could run to three at a time. We were interested to know how many trials PIs in India tend to run at a time. We accessed the 52,149 trial records hosted by the Clinical Trials Registry-India in April 2023. Of these, we shortlisted trials that had run in India, were interventional, and involved certain interventions such as drug, biological etc. We used multiple parameters, such as email ID, phone number etc. to determine whether one name always represented the same PI and whether two names corresponded to the same PI. We then determined how many trials each PI had run. We found that 3,916 unique PI names were associated with 6,665 trials. Of these, 2,963 (75.7%) PIs had run a single study. Only 251 (6.4%) had run more than three trials. A mere 14 PIs had run 20 or more trials. The 14 PIs were affiliated with local pharma companies (6), local or global contract research organizations (4), multinational pharma companies (3) and the Central Council for Research in Homeopathy (1). The maximum number of trials run by a single PI was 108. Of these, the largest number run in a single year, 2022, was 53. Each PI name needs to be connected to a unique ID that does not change with time, so that it is easier to track the number of trials that a given PI has run. The number of studies run by a given PI at a given time must not be excessive and needs to be monitored more actively. The government needs to consider whether a cap on the number of trials that a PI runs at a time is required and what infrastructure needs to be in place to facilitate higher numbers of trials. Trial registry records need to be updated more regularly. Other countries may wish to do likewise.

Stakeholder Perceptions of Sustainable Tourism Development: A Case Study in Haikou, China

The development of sustainable tourism has various stakeholders such as local residents, businesses, governments, visitors, travel agencies, and tourism companies. Tourism destinations need to be protected not only to ensure a better travel experience but also to ensure that they can be enjoyed in the future. This study explored the degree of influence of key stakeholders such as the government, travel agencies, local residents, and tourists on the development of sustainable tourism in Haikou, the capital city of the island province Hainan, China. This city is rich in tropical natural resources and offers unique opportunities for the development of tourism. In 2018, Haikou was selected as one of the first “International Wetland Cities” by the 13th United Nations Ramsar Convention. However, the high dependence on tourism and centralized consumption have caused several ecological and environmental problems in Haikou. An online questionnaire survey of 419 stakeholders was conducted, and factor analysis was used to identify five dimensions. The structural equation modeling method was used to explore the degree of influence of different relationships on sustainable tourism development in Haikou. The results indicated that key stakeholders are most concerned about tourism awareness, ecological protection, and sociocultural development. Therefore, further efforts to promote and develop tourism must focus on ecological and environmental protection. Creating positive travel experiences and managing tourism wisely can meet the demands of today without compromising the future.

Power relations among actors in laying hen business in Indonesia: A MACTOR analysis

Abstract According to their respective positions, participants at the local, regional, and global actors within the poultry farming sector play strategic roles according to their respective positions. While these roles may integrate and overlap, they can also generate conflicts of interest at both the actor and institutional levels. This study analyses the actors and power relations in laying hen farming in Blitar Regency, East Java, Indonesia. The data were collected using structured interview techniques (interview guides and Matrix of Alliances and Conflicts: Tactics, Objectives and Recommendations questionnaires), observation, documentation, and focus group discussions. The research informants were chosen deliberately based on various sources including farmers, farmer groups, cooperative, central and local government, companies, and traders. This was in addition to informants obtained using the snowball sampling technique such as middlemen, poultry shops (PSs) and other additional breeders. Data validity was determined using source triangulation and method triangulation. The results revealed that the individuals and entities engaged in layer hen farming encompass a diverse range of actors. These include farmers of various scales (small, medium, and large), institutions such as farmer groups and cooperatives, governmental bodies at both central and regional levels, industry representatives such as companies, PSs, distributors involved in producing and marketing day-old chick (DOC), feed, medicines, and vaccines, as well as market participants including local traders and traders operating across different regions. Small-scale and medium-scale farmers have the strongest relationships due to their high dependence on inputs such as DOC, feed, vaccines, and access to markets. The presence of various actors and power relations in laying hen business institutions creates both collaboration and competition in the supply of DOCs, animal feed, medicine, and even in the marketing of eggs from a food security and sustainability perspective.

Improving Resilience in Water Distribution Systems: An Application of the House of Risk Method at PDAM Gowa Unit Tompobulu

PDAM Gowa, a local government-owned company, plays a vital role in supplying clean water to the Tompobulu community in Gowa District. However, ensuring efficient and reliable water distribution poses challenges at the local and regional levels. This research focuses on enhancing the resilience of the water distribution system to mitigate various risks. The study utilizes the House of Risk (HOR) method for effective risk management and developing suitable mitigation strategies within PDAM's framework. The research identifies 10 risk events and 17 risk factors that affect water distribution in PDAM. Key risks include pipe leakage and supply disruptions. To mitigate these risks, the study proposes nine actionable recommendations for PDAM Gowa Unit Tompobulu. These recommendations involve regular maintenance of distribution infrastructure and equipment to ensure system quality and reliability. Additionally, improving pipe network condition monitoring, implementing leakage control policies, and fostering collaboration with stakeholders to address water supply disruptions are crucial mitigation measures. This research significantly contributes to understanding the risk management associated with water distribution in PDAM. By implementing the recommended mitigation strategies, PDAM Gowa Unit Tompobulu can reduce water distribution risks, enhance system efficiency, and provide improved clean water services to consumers. Moreover, the study has the potential to drive scientific progress and promote the development of best practices and technologies in the drinking water industry.

The Existence of Riba in the Products of Cryptocurrency Exchange Companies

This paper intends to examine the existence of riba elements (interest) in the products of cryptocurrency exchange companies locally in Malaysia and the international. Two of the chosen international cryptocurrency exchange companies, namely Huobi and KuCoin, and one local company, Luno Malaysia Sdn. Bhd., were analyzed based on their websites and applications. It was found that riba exist in the products offered by international cryptocurrency exchange companies, specifically crypto loans, and lending. Meanwhile, the local one does not offer a product that generates riba. It can be concluded the two products that generate riba seem to be mirroring foreign exchange trading, which comprises leverage and margin in loans and lending. Hence, it is suggested not to subscribe to lending and loans products offered by international cryptocurrency exchange companies. This study implies for Muslim investors, who deal with cryptocurrency. It is recommended to do future research on awareness of riba in the products of cryptocurrency exchanges among Muslim investors.

Analisis Kebutuhan dan Ketersediaan Air Bersih Kecamatan Darul Imarah Kabupaten Aceh Besar

Fulfilling sterile water requirements is highly dependent on sterile water sources availability. The problem faced every dry season in Darul Imarah was that around 85% areas did not support with sterile water. The people merely have it from drilled wells, so that it is necessary to analyze the need for sterile water until 2033. The aims of this research were to analyze the total need for sterile water in Darul Imarah district area, to investigate whether the reservoir capacity was sufficient for water needs in 2033 and to figure out the existing of water availability met the needs and sufficiency in Darul Imarah district area until 2033. It is hoped that based on the result of this study could provide information and knowledge to Darul Imarah community about the need and availability of sterile water especially for provision and water consumption. The analysis of the projected population and Local Water Company Mountala customers using the arithmetic method resulted sterile water need and availability and reservoir volume. In 2033, the population in this district will achieve 60,965 people with 14,109 customers. The need for sterile water in 2033 based on the increased number of customers and residents was 143.10 liters/second. Broncap Gle Taron's water needs considered still be able to meet the clean water needs for the current service area until 2033. This was proven by the total clean water need in 2023 would be 150 liters/second. The reservoir required in 2033 would be 2472.83 m3. The reservoir storage volume at Local Water Company Mountala was 1 unit with storage of 500 m3. The shortage of reservoir capacity was 1972.83 m3 or it requires 4 additional reservoir units to meet water availability in 2033. The need for sterile water increasing every year to minimize water shortages, so it is necessary to consume water effectively.

Impact Of Agra- Lucknow Expressway On Tourism Industry In Agra And Lucknow City

Expressways use effective roadway designs to cut down on travel time and provide a far more pleasant experience, providing access to locations that was previously impossible. The Agra-Lucknow Expressway is the ideal illustration of an expressway that significantly benefited the tourist sectors of the towns of Agra and Lucknow. Due to this, local companies in these cities as well as those in the tourism sector have been able to gain from an increase in tourists from adjacent cities. In addition, several tourism-related enterprises grew in both cities as a result of the Agra-Lucknow Expressway's improved accessibility. The Agra-Lucknow Expressway has been a boon to the tourist industries of both Agra and Lucknow. All these aspects make it imperative to assess the impact of Agra- Lucknow expressway on tourism industry in Agra and Lucknow city. The present research is quantitative research wherein data has been collected via survey strategy. For testing the hypothesis Multivariate analysis has been conducted. SPSS 23.0 has been used for conducting the statistical analysis. The present research also found that there is a significant impact of Agra Lucknow Expressway on tourism industry in Agra and Lucknow city.

Analyzing the Suitability of the Strategic Economic Leverage Developed in Non‐Mega‐Sport Tourism Events to the Spectator Profile

To maximize the economic benefits, a priori, the destination’s strategic objectives must be defined, and the design of actions to achieve them through the event must be planned, implemented, and analyzed. Therefore, this investigation aimed to analyze the strategic economic leverage developed for two international open water events considering the profile of their nonresident spectators (NRS). This study adopted a mixed research methodology, performing a qualitative and quantitative analysis. Data collection combined documental research, direct observation, semistructured interviews, and questionnaires. The actions implemented in the events covered the short- and long-term economic strategic objectives. Yet, none of the events’ attributes was associated with NRS’ city recommendation. Additionally, accommodation and food/beverage categories concentrated most of NRS??? expenditures. To activate NRS’ spending in entertainment and local commerce, more creativity is needed than the simple distribution of tourist services information. Also, strategic economic leverage should design actions to increase local companies networking, and develop programs to extend the spectators’ stay through a bundling approach, amplifying the activation of the local resources. This study combined the organizational perspective of strategic economic leverage and the profile of NRS, allowing a more comprehensive knowledge to create strategies consistent with the specificities of NRS’ consumption.

Testing a novel haptic tram master controller technology via virtual reality: feasibility and user acceptance considerations

PurposeVirtual reality (VR) has been explored as a training and testing environment in a range of work contexts, and increasingly so in transport. There is, however, a lack of research exploring the role of VR in the training of tram drivers, and in providing an environment in which advances in tram technology can be tested safely. This study aimed to test a novel haptic tram master controller within a tram-based Virtual environment (VE).Design/methodology/approachThe master controller is the primary mechanism for operating a tram, and its effective manipulation can significantly influence the comfort and well-being of passengers, as well as the overall safety of the tram system. Here, the authors tested a haptically enhanced master controller that provides additional sensory information with 16 tram drivers. The feasibility and user acceptance of the novel technology were determined through surveys.FindingsThe results indicate that the haptic master controller is seen as beneficial to the drivers suggesting that it could enhance their driving and demonstrate good acceptance. The VE has provided a potential training environment that was accepted by the drivers and did not cause adverse effects (e.g. sickness).Research limitations/implicationsAlthough this study involved actual tram drivers from a local tram company, the authors acknowledge that the sample size was small, and additional research is needed to broaden perspectives and gather more user feedback. Furthermore, while this study focused on subjective feedback to gauge user acceptance of the new haptic technology, the authors agree that future evaluations should incorporate additional objective measures.Practical implicationsThe insights gained from this VE-based research can contribute to future training scenarios and inform the development of technology used in real-world tram operations.Originality/valueThrough this investigation, the authors showed the broader possibilities of haptics in enhancing the functionality and user experience of various technological devices, while also contributing to the advancement of tram systems for safer and more efficient urban mobility.

Russia’s Arctic icebreaking capability: an assessment

ABSTRACT This paper explores the Russian icebreaker fleet capabilities, problems, and perspectives. It also analyses Russian civilian and military icebreakers, and their dual-use capabilities. The paper responds to a question grounded in Russia's Arctic policy: How critical is icebreaking capability to Russia’s Arctic strategy? Based on the findings, the paper concludes that the influences of climate change and Russia’s foreign and external security policy affect the development of its icebreaker fleet in the Arctic. In this respect, temperatures of the ice melting in the Arctic and delays in building new icebreakers, because of access to the technology caused by the sanctions, are stressed. On the other hand, Russia’s confrontation with the West following the invasion of Ukraine and the sanctions over it, increases the allocation of government finance to support local shipbuilding companies. Moreover, the paper argues that Russia’s economic difficulties and shipbuilding delays should enhance the dual-use capabilities of the Russian icebreakers in the coming years.

Geological Structure Analysis Approach to Control The Distribution of Manganese in Gunungkasih Area, Tanggamus Regency, Lampung Province

Abstract Gunungkasih area has several lithologies that are generated by different processes. Based on The Geological Map of Kotaagung by Amin et. al. (1993) the oldest lithologies are composed of schist, phyllite, and marble from Paleozoic followed by shale, sandstone, chert from Menanga Formation (Km) and andesitic lava, tuff from Hulusimpang Formation (Tomh) with some complicated geological history. Variations of geological products triggered the possibility of the presence of a lot of natural resources, including manganese. Manganese had been exploited around 2003-2004 by two local companies, but because the manganese deposits had not been explored yet and for a few reasons the project had been discontinued. The structural analysis will be important to find out the presence of manganese because most manganese fills in fractures, so the pattern of these deposits would be solved by structural mapping and also treated by stereonet and rosette diagrams. The fracture planes have been found in more than 500 planes and showed several types of fractures such as shear fractures, joints, quartz veins, and manganese that fill fractures which have a few directions both fault and joint directions. The most dominant fractures that are filled by manganese have been found at 120 - 130 degrees, parallel with major fault and lineament directions. The direction could be parameters and help for continued exploration further.

Pilot free trade zones and low-carbon innovation: Evidence from listed companies in China

The impact of pilot free trade zones (PFTZs) on companies' low-carbon innovation is not yet studied. In response, this paper considers the establishment of PFTZs as a quasi-natural experiment, using panel data on China's A-share industrial listed companies for the period 2010–2021 and utilizing the entropy balancing difference-in-differences (EB-DID) model to examine PFTZs' impact on companies' low-carbon innovation. The results show that: (1) PFTZs significantly promote companies' low-carbon innovation in pilot cities through the “promoting R&D effect” and the “environmental governance effect”; (2) Foreign capital positively moderates PFTZs' impact on companies' low-carbon innovation; (3) PFTZs' policy effect is characterized by spatial heterogeneity. The paper thus suggests that the government should improve the construction plans of PFTZs to ensure alignment with low-carbon development goals. Moreover, the government should also provide appropriate subsidies for low-carbon technology R&D to encourage innovation, implement advanced institutional systems to facilitate local companies' low-carbon transition, attract high-quality foreign investments to drive the inflow of innovation elements, and optimize the geographical distribution of PFTZs to maximize the spatial spillover effect.

The determinants of transfer pricing: Evidence from Tunisian listed firms

The aim of this paper is to detect the determinants of transfer pricing in the Tunisian economic context. This study uses secondary data from financial statments of listed firms on the Tunis Stock Exchange (BVMT), as well as the notes published in the official bulletins and annual reports provided by the Tunisian Financial Market Council (CMF).The study period covered 10 years, from 2010 to 2019 with 310 observations. We use random effect model to verify financial and economic hypotheses in the Tunisian context. Robustness tests are also used to investigate the transfer pricing determinants’. We find that firm size, sector of activity, reinvestment of profits and tax loss’ imputation have a significant positive impact on the practice of transfer pricing. The originality of this study lies in the importance of the transfer pricing at the level of local companies with the presence of several tax rates in the same tax system, a range of tax incentives granted by the government and the imputation of perpetual loss over several years.These findings may serve the Tunisian government in its fight against transfer pricing.

The Evaluation of the Quality of Local Water Company Tirta Anoa Processed Water in the Community of West Kendari District, Kendari City

Backgrounds: The government has the task of collecting, purifying and distributing clean water from water terminals via water channels, pipes or tank cars (in administrative management units with economic activities) to homes, industrial companies or other commercial uses. For this reason, Local water company has the responsibility to provide clean water for all groups of people in an area. Methods: This type of research is observational research with a descriptive approach to get an overview of the quality of Local water company Tirta Anoa's processed water. Water quality sampling was carried out in 9 sub-districts in West Kendari District, which is the sub-district with the largest population of 44,290 people. Results: The results of the pollution index analysis for TDS parameters show that river waters in the study study area at 7 monitoring points are still classified as meeting water quality standards, namely still below 1,000 mg/L. The highest TDS content was found at station 5 (AB.03 = 611 mg/L) and station 6 (AB.04 = 614 mg/L), while the lowest TDS value was at station 2 (AB.02 = 193 mg/L). And the concentration of TSS parameters is still below the quality standard, namely monitoring point 1 (AP.01 to 5 (AB.05) respectively 4.7 mg/L; 3.4 mg/L; 2.6 mg/L ; 3.7 mg/L; 3.9 mg/L; Conclusion: There is water quality (physics, chemistry, biology) from Local water company Tirta Anoa processed water which has been consumed by the community in West Kendari.

도시재생관점에서 지역경제 활성화를 위한 상권관리전문법인 필요성에 관한 연구

Urban regeneration in Korea is bringing about changes in the implementation pattern over time, and has now shifted to improving private investment. Regarding the concept of ‘n-minute city’, by examining Paris’s 15-minute urban plan and Seoul’s 30-minute pedestrian living zone, it was confirmed that the living zone is concentrated around the alley economy. Through local commercial districts and the Regional Commercial District Act, it was found that the policy direction of Korea's commercial district support projects in the future will be organized into regional commercial districts through private-centered commercial district professional managers. Through case studies in the US, UK, and Japan, we were able to gain insight into the necessity and direction of a private-centered commercial management organization to solve regional problems and create a sustainable profit model. Lastly, by deriving current problems through analysis of the trends and policies of our country's commercial districts and the current status of traditional market commercial districts, we have a direction on the need for a private-centered commercial management company based on the concept of a local management company for existing traditional market commercial districts. was able to check.

Business Improvement Strategy for Local ERP Companies in Indonesia: SWOT Method, Fuzzy AHP-TOPSIS

<p>Enterprise Resource Planning (ERP) is a crucial digital system for businesses to increase efficiency and productivity in the digital era. However, a case study company in Indonesia has experienced a decline in sales over the last three years. To improve the company's business, a systematic approach using the SWOT method, fuzzy AHP (F-AHP), and TOPSIS was employed. The SWOT method classifies internal and external factors into strengths, weaknesses, opportunities, and threats, which are then used to formulate alternative strategies using the TOWS matrix. The TOPSIS method prioritizes these strategies based on the SWOT factor weights. Based on the Action Priority Matrix, several strategic priorities were selected to increase the income of the local ERP-producing company in Indonesia: expanding the marketing network, offering a new business scheme, and forming a community to increase brand awareness.</p>

DO INDONESIAN INVESTORS VALUE SUSTAINABILITY: THE RELATIONSHIP BETWEEN SUSTAINABILITY PERFORMANCE AND FIRM VALUE RELATED TO NATURAL ENVIRONMENT ISSUES

The Indonesian government regulates the activities of local companies related to sustainability as regulated in OJK Regulation (POJK) Number 51/POJK.03/2017 concerning the Implementation of Sustainable Finance for Financial Services Institutions, Issuers and Public Companies. Sustainable finance is the government’s goal to preserve the environment. The sustainability report prepared by the company shows concern for environmental sustainability and does not carry out excessive exploration of nature. This research examines the effects of sustainability performance on company value after the implications of POJK51. The sustainability performance variable is a variable that describes the company’s commitment to encouraging business sustainability through healthy practices, accountability, information transparency, contribution to economic development, and improving the quality of social life. The three main pillars of corporate sustainability are economic, social and environmental. The research was conducted on companies listed on the LQ45 Index of the Indonesian Stock Exchange. The research results show that sustainability performance does not affect company value. Investors don’t value sustainability. Improving sustainability performance does not benefit company values. Therefore, companies need to understand which sustainability performance best suits the interests of their stakeholders and make extra efforts to inform them so that investors can understand and appreciate sustainability.

EARNINGS QUALITY AND NATIONAL IPO: REM PRACTICES OF CENTRAL ASIA

Abstract. The study aims to assess the impact of the National IPO/SPO Program on Earnings quality in KASE-listed companies and provide recommendations to the investor community. KASE Stock Exchange sample population is 52 local companies, 26 state and 26 private, across different industries excluding financial institutions and investment holdings. Time horizon is 13 years during 2009-2021period totaling 572 unbalanced panel firm-year observations. To estimate Earnings quality, we follow Kasznik cash flow model for accrual-based Earnings management jointly with real activity Roychowdhury aggregate model. We found that the National IPO/SPO process creates partial state-owned enterprises and improve their key investment indicators. Partially state-owned companies outperform private ones and thus become the preferable investment strategy based on Earnings quality risk, cash generation, profitability and leverage-based risk. To strengthen our analysis we compare main results with another popular measurement of accrual-based Earnings management based on the Shivakumar 1996 model. We also winsorised key investment indicators to estimate the impact of outliers on the main results. Theoretically, this study is the first to analyze Earnings management from the National IPO/SPO perspective and the first to relate Earnings quality with structure ownership in case of Kazakhstan. Practically, results and discussion are useful for investors of KASE-listed companies in investment decision-making. Keywords: Earnings quality, Ownership structure, Earnings management, Kazakhstan, National IPO/SPO, KASE

The Geography of Investor Attention

Abstract Local companies attract significantly more attention from investors than nonlocal companies, especially at times of news releases and high volatility. This attention gap widens especially when news is firm-specific rather than aggregate, and in response to idiosyncratic rather than market risk. Attention is causally related to perceived proximity: after a firm is acquired by a nonlocal one, local investors, compared with nonlocal investors, are more likely to reallocate attention away from it; conversely, COVID-19 travel restrictions led investors to reallocate attention toward local companies and away from nonlocal ones, especially those difficult to reach. Finally, local attention predicts volatility, bid-ask spreads, and nonlocal attention, but not vice versa. Our findings suggest that the geography of attention matters and is shaped by local investors’ information-processing advantage, not familiarity bias. (JEL D83, G11, G12, G14, L86, R32) Received: 2 January 2024; Editorial decision: 13 March 2024 Editor: Isil Erel Authors have furnished an Internet Appendix, which is available on the Oxford University Press Web site next to the link to the final published paper online.