Business Phenomenon Research Articles

The Role of Capital Structure in Mediating the Effect of Liquidity on Profitability

The objective of this study is to assess the impact of the Current Ratio (CR) on the Net Profit Margin (NPM), with the Debt-to-Equity Ratio (DER) and Debt-to-Asset Ratio (DAR) serving as intervening variables. This research was conducted due to certain business phenomena that became the focal point of investigation, discrepancies between empirical data and existing theories, and gaps in previous studies that prompted the need for further exploration. This study employs a quantitative research approach, utilizing data collection techniques based on company financial reports through documentation methods. The population of this study comprises all companies listed and consistently included in the Business-27 Index on the Indonesia Stock Exchange (IDX) from 2013 to 2022. A total of 6 companies were selected as samples from the 27 companies available, using purposive sampling methods. Path analysis and the Sobel test were utilized as data analysis techniques in this research. The findings of this study indicate that the CR does not have a significant impact on NPM. However, CR has a negative and significant effect on both DER and DAR. Furthermore, DER and DAR do not have a significant influence on NPM. While DER cannot mediate the relationship between CR and NPM, DAR can mediate this relationship.

Patent uncertainty and survival: a longitudinal study of a Chinese knowledge-based international new venture

PurposeUnlike well-documented market or behavioral uncertainty, patent uncertainty has been significantly under-explored in the field of international entrepreneurship. Drawing on an institution-based view of strategy, this study investigated Netac, a Chinese knowledge-based international new venture (KINV), which was facing uncertainty over patents in China and the US. The aim was to address two questions: (1) how does patent uncertainty emerge in the context of KINVs? And (2) how can KINVs navigate patent hazards by interacting with national patent institutions?Design/methodology/approachA longitudinal single-case study approach was adopted as the most appropriate method for exploring novel business phenomena and dynamic processes.FindingsResults suggested that a KINV can adopt strategies to build a unique identity and so better conform to the expectations of institutions that ultimately decide on patent validity. Strategies may involve building institutional awareness, amplifying mass media effects, and strategically managing the intellectual property and socio-emotional tensions between China and the US.Originality/valueThis study introduced the notion of patent uncertainty into research around international new ventures, highlighting how this type of uncertainty in the advanced technology sector can affect the end-product and patent licensing opportunities of KINVs. It also explored the institution-based view of company strategy in the internationalization process by emphasizing interactive institutional mechanisms, and the role of an organization’s identity when interacting with institutions. The study enriches the literature on institutional theory and organizational identity, and also suggests solutions for firms dealing with efforts by competitors to invalidate patents.

Doing process research in international business

Process research develops our understanding of the emergence, flow, and evolution of phenomena over time through ongoing activities and events. The field of international business has long been concerned with developing an understanding of various kinds of processes over time. Yet, several international business scholars have called for more studies that recognize the process-based nature of international business phenomena. This paper therefore discusses the challenges of process research in international business and offers insight into how they may be addressed. We draw on the broader methodological literature and on exemplar process studies in international business to explore and illustrate a repertoire of methodological tools that may be useful in assembling the three critical ingredients of high-quality process research: rich process data, insightful process theory, and credible but creative coupling between the two.

Breaking barriers and empowering marginal women entrepreneurs in Bangladesh for sustainable economic growth: a narrative inquiry

PurposeThe bread and butter of marginal communities primarily rely on their artisanal work, to which the communities’ women have notable contributions despite facing numerous challenges. This study aims to unveil the challenges along with latent opportunities of different marginal women entrepreneurs in the rural areas of Bangladesh.Design/methodology/approachThis study used narrative inquiry to explore the real-life business phenomena of 15 marginal women entrepreneurs with more than 5 years of business experience living in 4 districts of Bangladesh. This approach was used to document participants’ responses through the storytelling of their daily business experiences.FindingsThe findings of this paper indicate that vulnerable living conditions, social negligence, availability of substitutes, frequent sickness, increasing price of raw materials, lack of entrepreneurial skills and lack of managerial skills are the major challenges of marginal women entrepreneurs. In contrast, minimum capital requirement, home-based business, traditional profession, retaining cultural heritage and lack of accountability are the main opportunities that motivate marginal women to continue their entrepreneurial activities.Research limitations/implicationsThe insight of this research can promote and sustain marginal women entrepreneurship and aid researchers, policymakers and businesses in improving the various entrepreneurial aspects of informal community entrepreneurs in developing countries. However, the study was limited to five marginal community entrepreneurs (Rishi, Kumor, Jele, Cobbler and Kamar) in Bangladesh. Therefore, conducting future research encompassing all marginalized communities is recommended, and empirical studies on this domain are highly encouraged.Social implicationsThe insight of this research can promote and sustain marginal women entrepreneurship and aid researchers, policymakers and businesses in improving the various entrepreneurial aspects of informal community entrepreneurs in developing countries.Originality/valueIn the authors’ knowledge, this is unique research on marginal women entrepreneurs in Bangladesh.

How social and media cues induce live streaming impulse buying? SOR model perspective.

Live streaming is revolutionizing the landscape of e-commerce, creating new opportunities for platforms and e-tailers to improve their performance. However, little is known about the underlying mechanisms that shape consumer behavior in this burgeoning business phenomenon. This study aims to shed light on the relationships between environmental cues generated by live streaming and online impulse buying. Drawing upon the Stimulus-Organism-Response framework, a comprehensive model was formulated to explore how social cues (streamer interaction, peer interaction) and media cues (vividness, realness) impact pleasure, arousal, perceived uncertainty, and subsequently induce consumers' urge to buy impulsively. The model was tested by survey data from 403 consumers. SPSS and PLS are employed to verify the model. The findings revealed that realness and streamer interaction can reduce perceived uncertainty and foster a pleasant consumer experience, while vividness and peer interaction serve to awaken and delight consumers. Pleasure, arousal, and perceived uncertainty mediate antecedent variables' effects on urge to buy impulsively in a parallel and reverse way, and emotions exert a more powerful influence. This study enriched the research on the influence mechanisms of impulse buying driven by live streaming and provided suggestions for platforms and streamers to optimize product display and guide interaction, which is conducive to leveraging the advantages of live streaming and creating greater commercial value.

Balancing work and family when family is work: a reconceptualization of work–family integration, burnout and detachment in family business

PurposeBuilding from calls for greater interdisciplinary research in interpreting family business phenomena, we integrate research on work–family conflict, detachment and burnout from both organizational and family studies. Using the characteristic work–family integration of family business settings as a backdrop we develop theoretical arguments that emphasize the reconciliatory role of interdisciplinary perspectives to explain the ostensibly contradictory findings in extant research. The diminishing barriers separating work and life spheres occurring in most global industries illustrate the importance of conceiving the study of work–life phenomena through recursive, rather than linear, logics and emphasizing the relevance of family business research in providing a contextual foundation for interdisciplinary discussions.Design/methodology/approachThis theoretical paper integrates perspectives from the literatures on organizational behavior and family systems theory to form six propositions on the relationship between work–life integration and the antecedents and consequences of burnout and psychological detachment.FindingsThis paper explores the nuances that overlapping work and family roles might be a source of both harmony and discord in family firms. In doing so, our research contributes to the growing relationship between family systems theory and family business research, and creates the foundation for future empirical studies on the psychological dynamics that underlie work–family integration.Originality/valueThis research advances a novel perspective on the interactions between work–family integration and burnout and detachment, and does so by noting that the way the family business literature treats work–family integration may apply to any employee that experiences tension between these different spheres of their identity.

SEM for exploring pragmatism applied to context of business decision making

Pragmatism, as a philosophical perspective, emphasizes practical consequences and real-world outcomes in decision-making processes. In the context of business, pragmatism advocates for solutions that are not only theoretically sound but also feasible and effective in practice. This approach underscores the importance of flexibility, adaptability, and responsiveness to changing circumstances. In essence, pragmatism encourages decision-makers to prioritize results over rigid adherence to preconceived notions or theoretical constructs. SEM provides a methodological framework that aligns well with the principles of pragmatism. By allowing for the simultaneous examination of multiple relationships and variables, SEM enables researchers and decision-makers to construct comprehensive models that capture the complexity of real-world scenarios. Moreover, SEM facilitates the integration of both observed and latent variables, thereby accommodating the nuanced and multifaceted nature of business phenomena. IBM SPSS Amos software aids in conducting structural equation modeling, facilitating the application of standard multivariate techniques such as correlation analysis and covariance analysis. These three constructs are established through the use of questionnaires. A positive correlation indicates a more robust relationship. A company is deliberating between two manufacturing processes for a new product line. Decision-making in manufacturing, especially when choosing between two manufacturing processes for a new product line, is intricate and involves various factors.

Pengaruh Entrepreneurial Marketing terhadap Kinerja Biro Penyelenggara Perjalanan Ibadah Umrah di Provinsi Sulawesi Selatan

The phenomenon of Umrah worship is currently increasing, as evidenced by the large number of pilgrims who perform Umrah every year. The Umrah pilgrimage has also become a business phenomenon for many industries, including the travel and tourism industry. The Umrah pilgrimage travel agency has an important role in facilitating pilgrims in performing the Umrah pilgrimage by meeting their needs such as transportation, accommodation, and so on. Therefore, the increase in the phenomenon of the Umrah pilgrimage also affects the performance of bureaus organizing the Umrah pilgrimage. Based on data from the Ministry of Religion, there has been a significant increase in the number of bureaus organizing Umrah services in the province of South Sulawesi in 2020 by 46 bureaus. Entrepreneurial Marketing is the ability to develop innovative and effective marketing strategies. By using the right marketing strategy, the Umrah travel agency can increase the number of pilgrims registered with the company, while increasing business profits. This can be an opportunity for Umrah travel agents in South Sulawesi Province to improve their performance and develop their business by observing this trend. In this study a correlative descriptive research method was used and 100 questionnaires with a five-point Likert scale were distributed among someone who worked at the Umrah travel agency in South Sulawesi province using the simple random sampling method. To analyze the data, structural equation modeling based on partial least squares was used using SmartPLS. The purpose of this study is to investigate whether Entrepreneurial Marketing has a positive and significant influence on the performance aspects of bureaus organizing Umrah travel in the province of South Sulawesi.

Determinants of Halal Business Practices in Muslim Minority Countries: Evidence from Finland

Halal business practices are developing in majority-Muslim countries and within companies in Muslim minority countries such as Finland. It consistently shows an interest in developing the halal industry, as evidenced by the development of companies that practice halal business in these countries. This study examines the factors influencing halal company practices while offering halal goods or services in Finland, a nation with a large Muslim population. The surveys were given online and offline to Finnish businesses that have achieved halal certification as a data collection strategy. PLS-SEM, or partial least square-structural equation modeling, was used to analyze data from 32 replies. This study found that halal values and the spirit of innovation encourage Finnish companies to enter the halal business. In addition, companies' halal business practices in Finland are strongly influenced by the interaction between internal and external driving factors. Businesses in nations where Muslims make up the minority can be encouraged to engage in halal commerce in several ways. Individuals who are aware of halal's advantages, are drawn to innovation, are under external pressure to conduct halal business and have internal circumstances that allow them to view the halal business phenomena as a chance to advance their nation's commercial interests.

Disorientasi Zakat Cultural-Based Deviance on Islamic Law; Zakat Tekke Wale’ Spending in Basala, Konawe, Southeast Sulawesi, Indonesia

Owners of swallow's nest in Basala District, South Konawe Regency give zakat of tekke wale' (swallow's nest) using gold zakat rate. This implies deviation from Islamic law and striking difference from the provisions of zakat law formulated by most Muslim scholars. This research aims to reveal the business phenomenon and practice of tekke wale' zakat spending, the factors beyond preference to use zakat with gold rate as well as culture-based deviations on Islamic law regarding this specific practice of zakat. This research is qualitative with an empirical-normative approach which includes interviews with swallow nest owners, community leaders, and religious leaders. Besides, it involves literature review to gather the data. The research shows that swallow nest business is a relatively new livelihood for local people so they have no definite guidance on how to spend the zakat. Their preference using gold zakat rate are due to five factors, ranging from lack of knowledge, assumption that swallow's nest is not a part of agricultural business, easy calculation in giving zakat using gold rate, following the previous swallow's nest owners, to easiness to determine the zakat recipients and spending period. Meanwhile, three forms of deviation from Islamic law existing at the practice urges the specific legal product concerning this specific commodity.

ЦИФРОВИЙ МЕНЕДЖМЕНТ ЯК ПЛАТФОРМА СТІЙКОГО РОЗВИТКУ ПІДПРИЄМСТВА В УМОВАХ СУЧАСНИХ КРИЗ

Digital management transformation is becoming increasingly relevant for enterprises worldwide, including in Ukraine, as it creates a platform facilitating the transition of management systems into a continuous, stable operating mode. It ensures increased economic efficiency of the enterprise while simultaneously raising accountability levels towards partners, clients, and society. Moreover, during the current crisis affecting our country's economy, it is particularly crucial to have digitized management. It helps enterprises to establish a flexible and informative system for preventing or addressing adverse business phenomena. Therefore, the article aims to explore the features of utilizing digital management as a platform for the sustainable development of enterprises amidst contemporary crises. The research confirms that digital management plays a pivotal role in ensuring the sustainable development of enterprises. Its implementation facilitates the automation, analysis, and optimization of managerial processes, enabling enterprises to respond more effectively to environmental changes and enhancing their competitiveness.

ENHANCEMENT OF BRAND LOVE RESONANCE CAPABILITIES ON DESTINATION LOYALTY: S-DL PERSPECTIVE

The emergence of inconsistencies in study findings regarding destination brands does not contribute to an increase in customer loyalty toward tourist destinations. Furthermore, exploring the capacity to expand affection for the brand is a meaningful topic within the tourism business phenomenon. Therefore, it is crucial to examine how well the tourism business can reflect the affection for the destination brand. This study aimed to explore and develop the conceptual and empirical relationship between brand authenticity and destination loyalty. To conduct the analysis, a quantitative method was selected, using a sample of 297 respondents in Central Java, Indonesia. The data collected from distributing questionnaires were then processed using SEM-PLS software. Furthermore, the study was grounded in the Service-Dominant Logic perspective and focused on operant resources with the potential to enhance the value of natural destinations by capturing the emotional resonance of the destination brand. The results showed that loyalty goals were empirically and practically increased by creating a context-based model and leveraging the capability of brand love resonance. The approach addressed the gaps in prior studies and provided tourism actors with the means to consider external characteristics.

Actors, resources, and activities in Digital Servitization: a business network perspective

Digital Servitization (DS), that is the development of new services through the use of digital technologies, is an emerging research stream characterized by an inherent complexity that requires understanding changes occurring over time and impacting relationships and network dynamics. Scholars have argued for the need to move towards an analysis of the micro-interaction processes and the adoption of a networking perspective. In this direction, this study aims to explore the contribution of the business network approach, compared to other existing frameworks, in the analysis of complex digital phenomena. To reach this aim, the study undertakes a single case study of an Italian manufacturer which is undertaking a DS process. The empirical analysis is guided by the three dimensions of the interpretative Actors-Resources-Activities (ARA) framework, developed within the Industrial Marketing and Purchasing (IMP) approach. The analysis has provided insights into each of the three layers of the ARA framework and has pointed to a continuous interrelation between the internal and external context and interdependence among the three layers. The study provides a theoretical contribution to the stream of literature dealing with the DS phenomenon by providing a unified theoretical approach - i.e., the business network approach - characterized by analytical completeness. Also, the research paves the way for the business network approach and for the ARA framework to be adopted in the investigation of complex business phenomena, such as DS.

Fur Processing in Raižiai in the 20th Century: Craft and Image

Fur Processing in Raižiai in the 20th Century: Craft and Image

What We Did Then and What We Do Now: A Crisis of Digital Scholarship Champions at Binghamton University

The digital scholarship department in Binghamton University’s libraries was created in 2018 as part of a larger effort to bring digital humanities (DH) efforts to Binghamton. The initiative was largely spearheaded by one person who became one of the biggest digital scholarship (DS) champions on campus. They, along with the new DS librarian, founded a Digital Humanities Research Institute igniting the creation of smaller working groups and initiatives across campus. Our article discusses the role of DS champions on Binghamton’s campus, including the types of advantages they were able to leverage, their interests and goals for a DS community, and what happens when they leave. Champions are a well-researched phenomenon in business and health sciences spaces, but there is sparse research on DS champions, despite the fact they often share characteristics with champions’ roles in those areas. Understanding more about who champions are and what drives them would help DS communities plan for building sustainable and robust communities should their champions leave or no longer be able to participate in the communities they built.

Strategic divestment of emerging market firms: the influence of returnee managers and CEO characteristics

PurposeThis study aims to examine the role of returnee managers that can affect the strategic-divestment decision of emerging-market firms (EM firms). Drawing on arguments from the upper echelons theory and international human resource mobility perspectives, this study aims to propose that returnee managers influence corporate divestitures when the business outlook is negative. In addition, this study aims to examine the interplay between returnee managers and CEOs, whose characteristics can foster or undermine the efforts of returnee managers to engage in corporate divestments.Design/methodology/approachThis study examines 278 firms from nine emerging economies. The negative binomial regression was employed to estimate the model. In the robustness checks, the logistic regression was adopted to confirm the earlier findings.FindingsThe empirical results support the notion that returnee managers strengthen the relationship between firm performance and divestments. Because of the limited liabilities of foreignness and outsidership, returnee managers can gain social trust and credibility through communication and social interaction. Furthermore, the results provide mixed support for the moderating effect of CEO characteristics on the performance–divestment relationship.Practical implicationsThis study reveals that returnee managers are a great asset for EM firms that aim to find synergies and upgrade their capabilities through asset reconfiguration, which is an essential activity of emerging market firms to integrate themselves into the global competition. Meanwhile, CEO characteristics can foster (through their education level) or hinder (due to their age) divestment attempts, influenced by returnee managers.Originality/valueThis study explores an understudied phenomenon in international business (IB): strategic divestment of EM firms. The literature that examines strategic divestment and corporate refocusing in emerging markets is extremely limited. Furthermore, this study explores the novel topic that intersects the international business (IB) and international human resource management (IHRM) research areas. Specifically, this study investigates the impact of returnee managers on strategic divestments.

Ecosystem as a new banking business environment

Subject. This article discusses the application of the ecosystem approach to the organization of business space in the banking sector of Russia. Objectives. The article aims to systematize and theoretically comprehend the ongoing transformational changes in the traditional business format towards building a platform solution, that is, an ecosystem, as a new phenomenon that requires a clear definition and assessment. Methods. For the study, we used the general scientific methods of comparison and generalization, methods of logical, statistical, and graphical analysis of empirical data, comparison and analogy, systematization and generation of new knowledge. Results. Based on the assessment of current trends in the banking business, the article systematizes theoretical and methodological developments on the implementation of the ecosystem approach by Russian banks. It highlights the main elements of ecosystems, the principles of their construction, the effects of their functioning, the types of ecosystem models, as well as the potential risks and threats that this approach is fraught with. Conclusions. An ecosystem built with the help of modern information technologies and bringing the financial and non-financial markets as close as possible within a common brand is a new phenomenon in the banking business.

The Influence of Webstore Visual Design and Emotional Value on Muslimah Clothing Online Purchasing Decisions in Gen Z

This study aims to examine the influence of Webstore Visual Design and Emotional Value on Muslimah Clothing Online Purchase Decisions for Generation Z FEBI IAI Darussalam Ciamis students. The growing phenomenon of online business, especially among generation Z who are skilled in technology and often shop online, encourages entrepreneurs to create webstores that attract attention and can influence their buying decisions, especially in Muslim clothing. This study discusses the influence of visual webstore design and emotional value partially or simultaneously on online purchasing decisions for Muslim women's clothing in Generation Z. The uniqueness of this research lies in its deep focus on the effectiveness of the webstore design itself and its relationship with emotional value, which has rarely been studied before. The research method used a quantitative approach with the help of SPSS to analyze data from 61 respondents who were FEBI IAI Darussalam Ciamis students from generation Z. The results showed that partially, the webstore's visual design and emotional value had no significant effect on the online buying decision for Muslimah clothing in Generation Z. However, simultaneously, these two variables had a positive effect on purchasing decisions for FEBI IAI Darussalam Ciamis students. In conclusion, professionalism, honesty, transparency, and trust in webstore design contribute to consumer buying interest and create positive emotional value as a form of appreciation for the satisfaction and convenience of using the webstore, which ultimately increases the decision to purchase Muslimah fashion products online in Generation Z.

Pembuatan Content Media Sosial Instagram Menggunakan Canva Untuk Promosi Objek Wisata Kampung Gelam Palembang

Kampung Gelam Palembang tourist attraction, which is located in the Pulo Kerto area, Gandus Village, Palembang, is a camping ground area which has a herbal plantation covering an area of ​​eight hectares. This community service is motivated by the occurrence of a tourism promotion business phenomenon which is carried out through social media. This phenomenon shows the realization of tourism promotion activities through social media with the aim of researchers being able to find out tourism promotion strategies through social media. This community service uses the Palembang Gelam Village tourist attraction as a place of community service. Collecting data on community service is obtained through interviews, observation, documentation with the management. The use of social media as a promotional medium can develop, raise the name of Kampung Gelam Palembang, and be able to compete with other tourist attractions in the city of Palembang and South Sumatra.

Dimensions of Omnichannel Retail Quality on Customer Satisfaction and Loyalty

The shift in consumer shopping from offline to online, and then to a hybrid of the two, combining the benefits of each to overcome the disadvantages of both. This study focuses on the dimensions of omnichannel retail quality. The emphasis is on analyzing consumer behavior in offline, online, and combined omnichannel retail channels. The rapid growth of this retail channel is due in part to the ease and security of payment, though there are still those who use the cash-on-delivery system. The methods employed include a review of the literature on omnichannel research articles, consumer surveys, and data documentation on business phenomena. SEM was used to examine the relationship between IOC, VOC, CS, and CL. The software used is Smart PLS 4. The goal of path modeling, particularly reflective models such as PLS, is to estimate the variance of endogenous constructs, as a result from their respective manifest variables. The findings of this study can be used to test OC intensity and OC shopping value in providing consumers with shopping experiences that result in customer satisfaction and loyalty. Relevant marketing implications and future research are advised.