Stakeholder Confidence Research Articles

Fostering Trust In Collaborative: Building Child-Friendly Cities in Emerging Industrial Landscapes

This article examines the reconstruction of stakeholder confidence in the collaborative governance process for the sustainability of child-friendly cities in new industrial communities. Research problems are due to the implications of the growth of new industrial societies, differences and conflicts of interest between stakeholders, child growth and development problems, high stunting, juvenile delinquency, street children, and parenting patterns that are not by needs. This study aims to analyze the reconstruction of stakeholder trust in creating awareness and shared commitment to collaborative governance processes to realize the sustainability of child-friendly cities. The research method is qualitative, research data is collected through in-depth interviews and focus group discussions (FGD). The results of the study show that collaborative governance processes are faced with different interest gaps that result in a lack of trust and commitment to realizing a child-friendly city. A joint forum among stakeholders in the child-friendliness campaign efforts has been organized but shows no signs of effectiveness. The lack of synergy between local governments and industry players is present, therefore efforts to rebuild trust in realizing the sustainability of a child-friendly environment need to be optimized through communication, openness, social responsibility, and supervision of local governments.

Perspectives of African stakeholders on gene drives for malaria control and elimination: a multi-country survey

BackgroundGene drive modified mosquitoes (GDMMs) have the potential to address Africa’s persistent malaria problem, but are still in early stages of development and testing. Continuous engagement of African stakeholders is crucial for successful evaluation and implementation of these technologies. The aim of this multi-country study was, therefore, to explore the insights and recommendations of key stakeholders across Africa on the potential of GDMMs for malaria control and elimination in the continent.MethodsA concurrent mixed-methods study design was used, involving a structured survey administered to 180 stakeholders in 25 countries in sub-Saharan Africa, followed by 18 in-depth discussions with selected groups and individuals. Stakeholders were drawn from academia, research and regulatory institutions, government ministries of health and environment, media and advocacy groups. Thematic content analysis was used to identify key topics from the in-depth discussions, and descriptive analysis was done to summarize information from the survey data.ResultsDespite high levels of awareness of GDMMs among the stakeholders (76.7%), there was a relatively low-level of understanding of their key attributes and potential for malaria control (28.3%). When more information about GDMMs was provided to the stakeholders, they readily discussed their insights and concerns, and offered several recommendations to ensure successful research and implementation of the technology. These included: (i) increasing relevant technical expertise within Africa, (ii) generating local evidence on safety, applicability, and effectiveness of GDMMs, and (iii) developing country-specific regulations for safe and effective governance of GDMMs. A majority of the respondents (92.9%) stated that they would support field trials or implementation of GDMMs in their respective countries. This study also identified significant misconceptions regarding the phase of GDMM testing in Africa, as several participants incorrectly asserted that GDMMs were already present in Africa, either within laboratories or released into the field.ConclusionIncorporating views and recommendations of African stakeholders in the ongoing research and development of GDMMs is crucial for instilling stakeholder confidence on their potential application. These findings will enable improved planning for GDMMs in Africa as well as improved target product profiles for the technologies to maximize their potential for solving Africa’s enduring malaria challenge.

DETERMINAN CAPITAL BUFFER: KAJIAN EMPIRIK INDUSTRI PERBANKAN DI INDONESIA

A high capital buffer can increase stakeholder confidence in the sustainability and stability of the bank, but causes the bank to lose the opportunity to maximize profits from business operations that should be carried out using a capital buffer. On the other hand, a low capital buffer can reduce stakeholder confidence in banks, because banks are considered to have a high risk if the economy contracts in the future. The purpose of this research is to identify and analyze the effect of bank size, liquidity risk, credit risk, operational risk, and profitability on capital buffer in KBMI 3 and 4 bank categories during 2018-2022. Using panel data regression, this study finds that partially the variables SIZE, LDR, BOPO, and ROE had a negative and significant effect on the Capital Buffer. Meanwhile, NPL has no significant effect on the Capital Buffer.

The Impact of Corporate Governance Attributes on Financial Distress among the Listed Firms in Pharmaceuticals Industry of Bangladesh

This paper investigates the relationship between corporate governance and the likelihood of financial distress. To evaluate the impact of corporate governance on financial distress, a multiple regression model and longitudinal panel data are used. Corporate governance is determined by the board of directors, audit committee, and ownership structure, whereas the Altman Z-score is used to indicate financial distress. The findings imply that financial distress is influenced by corporate governance variables (board independence, auditor independence, auditor opinion, sponsor directors ownership, and foreign shareholders), and firm-level variables (sales growth, performance, liquidity, firm size)). From an academic standpoint, this paper adds to our understanding of the association between corporate governance practices and the risk of financial distress in emerging markets like Bangladesh. The findings may encourage Bangladeshi listed companies to follow and implement good corporate governance practices, increasing investor, regulator, and stakeholder confidence.

Pengawasan Praktik – Praktik Audit Syariah terhadap Tingkat Kepercayaan Stakeholder pada Perbankan Syariah di Indonesia

This study aims to examine the influence of supervision of sharia audit practices on the level of stakeholder trust in Islamic banking in Indonesia. Supervision of sharia audit practices is measured through three dimensions, namely auditor independence, auditor competence, and auditor integrity. Meanwhile, the level of stakeholder trust is measured using three variables, namely customer trust, shareholder trust, and government trust. This study used a quantitative approach with a survey method and data was collected through questionnaires distributed to 173 respondents. The results of the study show that auditor independence, auditor competence, and auditor integrity have a significant positive effect on customer and shareholder trust. Meanwhile, only auditor independence and auditor integrity have a significant effect on stakeholder trust. In addition, the results of the regression test also show that supervision of sharia audit practices as a whole has a significant positive effect on stakeholder trust in Islamic banking in Indonesia. This research contributes to the development of knowledge about sharia auditing practices and the level of stakeholder confidence in sharia banking in Indonesia. The results of this study can be input for regulators and the Islamic banking industry in improving Islamic audit practices and increasing the level of stakeholder confidence in Islamic banking in Indonesia.

Can ESG Ratings impact Accounting Performance: Evidence from Chinese Companies

ESG (Environmental, Social, and Governance) considerations play a pivotal role as they epitomize a company's commitment to responsible practices and ethical conduct. The significance of ESG scores extends to their impact on accounting performance, serving as barometers of a company's adeptness in risk management, operational efficiency, and the cultivation of stakeholder trust. This research undertakes a comprehensive exploration into the influence of heightened ESG scores on the enhancement of accounting performance. The primary focus of this study revolves around the inquiry into whether elevated ESG scores yield tangible improvements in financial outcomes. By meticulously scrutinizing the dataset of A-share companies in China, the research aims to elucidate the correlation between elevated ESG scores and favorable financial results. The outcomes of this investigation firmly establish a positive nexus between elevated ESG scores and the attainment of superior accounting performance. It is evident that ESG practices wield a transformative influence on a company's operational landscape. By fostering enhanced efficiency, mitigating risks, and bolstering stakeholder confidence, these practices synergistically augment a company's overall operational framework. Moreover, this paper underscores the existing research gap in understanding the intricate relationship between ESG scores and accounting performance, underscoring the urgency for further exploration in this domain. The implications of these findings are profound, particularly for enterprises striving to optimize their financial success while upholding conscientious and ethical standards. As businesses navigate an increasingly complex global landscape, the integration of robust ESG practices emerges not only as a moral imperative but also as a strategic pathway to enduring financial prosperity.

Pengaruh Attitude, Subjective Norm Dan Perceived Behavioral Control Terhadap Minat UMKM Dalam Penyusunan Laporan Keuangan

The interest of MSMEs in the preparation of financial statements has an important role in making the right decisions and increasing stakeholder confidence. The purpose of this study is to investigate the factors that affect the interest of MSMEs in preparing financial statements. As well as knowing the influence of attitudes, subjective norms, perceptions of behavior control both partially and simultaneously on the interest of MSMEs in the preparation of financial statements. This research method is a descriptive quantitative approach with primary data sources through the dissemination of questionnaires with a sample of 100 MSME actors. Data analysis using descriptive statistics using SPSS. The results showed that partially or simultaneously attitude, subjective norm and perceived behavioral control have a positive and significant effect on the interest of MSMEs in the preparation of financial statements in Kediri. The results of this study provide empirical evidence about the factors that can affect interest in the preparation of financial statements.

Pluralistic view of human-related uncertainties and their management – outcome of the European Joint Programme on Radioactive Waste Management (EURAD) strategic study UMAN (Uncertainty Management multi-Actor Network)

Abstract. Management of uncertainties represents one of the components of a safety case for the disposal of radioactive waste. Depending on the role and interest of technical and non-technical actors involved in radioactive waste management programmes, the assessment of uncertainty significance for disposal safety and the preferable options for uncertainty treatment may vary among these actors. These possible differences, but also similarities, in uncertainty management were explored in the strategic study, Uncertainty Management multi-Actor Network (UMAN), which was initiated in June 2019, with a duration of 5 years, in the framework of the European Joint Programme on Radioactive Waste Management (EURAD). The following actor categories participated in this study: Waste Management Organisations (WMOs), Technical Support Organisations (TSOs), and Research Entities (REs), completed by specific interactions with Civil Society (CS) representatives, Regulators, and the Forum on Stakeholder Confidence (FSC) and Integration Group for the Safety Case (IGSC) of the Nuclear Energy Agency (NEA), who represented European Member States with different national radioactive waste programmes. The presentation will focus on the uncertainties associated with human aspects; however, in the study, several other types of uncertainties were also investigated, namely uncertainties associated with site and geosphere, spent nuclear fuel, waste inventory, and near field. Based on the analysis of possible uncertainties related to human aspects, a questionnaire containing a list of the 10 most relevant uncertainties potentially significant for safety was developed for the purposes of the assessment of their significance for safety from the perspective of WMOs, TSOs, and REs. As a result of the analysis of the responses to this questionnaire, uncertainties associated with the following four topics were selected for the discussion of the possible and preferable management options: public acceptance of the repository at potentially suitable or projected locations, a schedule to be considered for implementing the different phases of the disposal programme, the adequacy of safety-related activities during construction for the implementation of safety provisions, and “new” knowledge. Based on the identified strategies and options for the management of these uncertainties (i.e. from uncertainty identification up to specific measures to reduce, mitigate, and avoid uncertainty), two different exchange formats were adopted to develop a common understanding and assess different viewpoints among the actors with respect to management of the selected uncertainties. The aim of workshop, in which a smaller actor group consisting of WMOs, TSOs, and REs took part, was to identify management preferences within each actor category and then among all the participating actors, in addition to understanding the rationale behind them. A stepwise and iterative approach, regular stakeholder dialogue, and safety-oriented management processes were recognised as being the key elements of a sound uncertainty management strategy. In a subsequent seminar, a broader actor group, including the key actors (WMOs, TSOs, and REs), CS representatives, Regulators, and the FSC and IGSC of NEA, exchanged their viewpoints with respect to uncertainty management and on the robustness of the safety case in the presence of uncertainties, based on scenarios related to the four selected uncertainties. The outcome of the workshop and the seminar, namely the advantages but also challenges in a pluralistic approach to uncertainty management, will be discussed in the presentation.

Safe and Trustful AI for Closed-Loop Control Systems

In modern times, closed-loop control systems (CLCSs) play a prominent role in a wide application range, from production machinery via automated vehicles to robots. CLCSs actively manipulate the actual values of a process to match predetermined setpoints, typically in real time and with remarkable precision. However, the development, modeling, tuning, and optimization of CLCSs barely exploit the potential of artificial intelligence (AI). This paper explores novel opportunities and research directions in CLCS engineering, presenting potential designs and methodologies incorporating AI. Combining these opportunities and directions makes it evident that employing AI in developing and implementing CLCSs is indeed feasible. Integrating AI into CLCS development or AI directly within CLCSs can lead to a significant improvement in stakeholder confidence. Integrating AI in CLCSs raises the question: How can AI in CLCSs be trusted so that its promising capabilities can be used safely? One does not trust AI in CLCSs due to its unknowable nature caused by its extensive set of parameters that defy complete testing. Consequently, developers working on AI-based CLCSs must be able to rate the impact of the trainable parameters on the system accurately. By following this path, this paper highlights two key aspects as essential research directions towards safe AI-based CLCSs: (I) the identification and elimination of unproductive layers in artificial neural networks (ANNs) for reducing the number of trainable parameters without influencing the overall outcome, and (II) the utilization of the solution space of an ANN to define the safety-critical scenarios of an AI-based CLCS.

The Role of Forensic Accounting in Bridging the Audit Expectation Gap of Microfinance Banks in Akwa Ibom State

The audit expectation gap has widened due to the occurrence of undetected high-profile financial statement frauds, highlighting the need for effective measures to address this issue. This study investigated the role of forensic accounting in bridging the expectation gap among stakeholders in microfinance banks in Akwa Ibom State. Using a survey research design, primary data were collected from 128 respondents representing a sample size drawn from ten randomly selected microfinance banks in Uyo. The data were analyzed using Pearson’s correlation coefficient statistical tool. The findings indicated that incorporating forensic accounting skills significantly mitigates corporate financial fraud by promptly detecting fraudulent patterns that traditional audits may overlook. This highlighted the importance of forensic accounting in addressing the limitations of conventional audit practices. Based on the results, the researcher concluded that forensic accounting practice plays a crucial role in bridging the audit expectation gaps of microfinance banks. To enhance financial reporting quality and stakeholder confidence, it was recommended that microfinance bank directors engage auditors equipped with requisite forensic accounting skills. This proactive approach will enable the early detection and effective mitigation of fraudulent financial reporting, ultimately leading to the production of qualitative financial reports that meet stakeholder expectations.

Pengaruh Intensitas Research & Development dan Ownership Retention Terhadap Intellectual Capital Disclosure Pada Perusahaan Yang Melakukan IPO Di BEI

Intellectual capital disclosure is referred to as a effort made to communicate financial reports by presenting various business activities that are reliable, integrated, correct and fair. This study intends to ascertain the impact of research & development intensity, and ownership retention on intellectual capital disclosure that conducts initial public offering of companies. Quantitative information was based on secondary data from the Indonesian Stock Exchange. Data analysis techniques using SPSS. This study shows that the research & development intensity variable has no effect on intellectual capital disclosure. While disclosure of intellectual capital is significantly influenced by ownership retention variables. This is because investors tend to be attracted to companies that disclose their intellectual capital in full. The purpose of disclosing intellectual capital can only be achieved through the principle of transparent information (good corporate governance) so that investors have confidence in stakeholders.

Problems Facing External Auditors in Kuwait

Audit quality maintains positive association with the level of confidence of different stakeholders who are concerned about the financial and operational performance of audited financial statements. Hence, the role of the external auditor is unavoidable to restore good corporate governance. The purpose of the study is to identify the problems, which face the external auditors in Kuwait. In order to achieve this objective, 120 questionnaires have been distributed to random external auditors in Kuwait. A total of 100 questionnaires were returned; resulting in 83% usable response rate. The study showed that the external auditors in Kuwait faced many problems regarding the laws and legislations. It also demonstrated that the absence of independent and specialized party for legislations of auditing, insufficient role of professional associations in educating auditors, the weak of internal control over audited companies and the low fees of auditing as the most important problems facing external auditors in Kuwait. The analysis revealed that the lack of confidence between the audit offices and firms, clients relax to some of the audit offices and firm slowdown in paying audit fees seem to be the least significant obstacles facing external auditors. The study concluded that applying appropriate criteria for calculating the audit fees and educating auditors on the importance of adhering to professional ethics are important variables to overcome the auditors’ problems.

PROMOTING STAKEHOLDER CONFIDENCE IN THE ZIMBABWE’S BANKING SECTOR

The purpose of this study is to examine the ways of promoting stakeholder confidence in the Zimbabwe’s banking sector. To achieve this objective some research questions were raised and related literature was reviewed. The data needed for this study was gathered using a well-structured questionnaire that was designed on a five point Likert scale which was availed for the research participants for completion. The research data was analyzed using multiple regression model in SPSS version 20. Findings revealed that digitalization, bank culture, information quality and customer satisfaction are some of the important factors that determine the confidence of the public in a banking sector. It was concluded that to promote public confidence in the banking sector, Zimbabwean banks and their regulator need to pay attention to and manage factors that can promote public trust in the banking sector such as service reliability, digitalization and managing the public’s risk perceptions about banking institutions.

Impact of Corporate Board Characteristics on Financial Firms' Reputation: A Cross-Sectional Study

A firm's reputation is a critical intangible asset that affects its competitive advantage, stakeholder trust, and long-term sustainability. The contents and attributes of a company's "board of directors” are very important, especially in shaping its reputation in the financial industry. As the governing body responsible for strategic decision-making and oversight, the corporate board shows a significant exertion on shaping the firm's operations, policies, and its reputation. The expertise and qualifications of board members, particularly in financial matters, instill confidence in stakeholders, demonstrating the firm's commitment to sound governance and risk management. This paper explores the association between "corporate board characteristics” and the reputation of "financial firms". The findings of this study can help with further research and guide policymakers, executives, and stakeholders in their efforts to enhance financial firms' reputations through effective board governance. The study survey was conducted among 190 people working in the financial sector to know the role and impact of Corporate Board Characteristics on Financial Firms' Reputation. The study concludes that there is significant impact of Corporate Board Characteristics on Financial Firms' Reputation. &nbsp

Recovery marketing for conflict sensitive destination: Stakeholders perspective on tourism revival in Kashmir Valley (India)

AbstractThis study aims to examine the destination recovery procedures through the stakeholders' lens. It focuses on identifying real‐time implications and opportunities for destination marketing authorities toward tourism revival. This paper utilized a thematic analysis with data sourced through interviews with stakeholders in the tourism industry resulting in the emergence of various subcategories, which were further grouped into six final themes. These themes include the determination and confidence of stakeholders, need for a peaceful environment, recovery from negative media propaganda, tourist awareness, and online marketing to persuade people who have already visited the destination.

The Impact of Integrated Reporting on Improving the Quality of Financial Reporting

Purpose: The aim of this study is to demonstrate the impact that integrated reports on the quality of the financial report by analyzing the relationship between them. The current study aims to It applies it to the 132 companies listed in the Iraq Stock Exchange for the year 2022. Theoretical framework: The nature of integrated reports: Company reports are an essential means through which decision-making information can be delivered to stakeholders. So corporate reports must keep pace with the expansion of commercial activities and the development of economic reality and meet the needs of stakeholders. Design/methodology/approach: For the purposes of data analysis, the researchers used the statistical program (SPSS & Amos) version XXV. Findings: The results of the study concluded by rejecting the null hypothesis and accepting the alternative hypothesis as follows which is there is a statistically significant effect of disclosure according to the integrated reports on the quality of the financial report, as measured by the accounting options gap. Research, Practical & Social implications: The study need arose for other reports that support and improve the quality of financial reports and contain financial and non-financial information due to the need of stakeholders for this type of reporting, which is called integrated reports. These reports are able to provide information related to strategy, risk, performance, governance and future expectations in one report. Originality/value: The value of the study is to reduce the asymmetry of information between investors through the disclosure of financial and non-financial information, the disclosure of this type of reports can increase the confidence of stakeholders in financial reports and support them and thus make sound decisions for investment. The integrated reports provide reports on the six capitals, the main objective of these reports is to improve the quality of the information that is provided by the authority, whether financial or non-financial.

The Implementation of Knowledge Management on Fraud Prevention of PT Bahagia Idkho Mandiri

Fraudulent behaviors offer a serious danger to companies since they can result in considerable financial losses, harm the company's reputation, and a decline in stakeholder confidence. This research examines the effects of fraud on PT BIM and how knowledge management can serve as a preventative measure against fraudulent activities. It also seeks to assess the potential impact of knowledge management in reducing fraud risks and boosting the company's fraud prevention system. This research uses qualitative methods to explore fraud inside PT BIM, interviewing personnel and revealing potential benefits of knowledge management implementation in fraud prevention. Knowledge management can improve the company's capacity to detect and prevent fraud by cultivating an awareness and vigilance culture among employees. It can help in the establishment and implementation of strong internal controls and policies that act as effective fraud deterrents. It can also aid in the identification of developing fraud trends and patterns, allowing companies to adjust their fraud protection methods accordingly. PT BIM can use knowledge management frameworks such as the SECI Model to improve internal controls, increase staff knowledge, and respond quickly to new fraud concerns. This allows for the rapid broadcast of information about developing fraud tendencies, new methods of operation, and preventive measures.

Diversitas Dewan Komisaris dan Pengaruhnya Terhadap Tingkat Pengungkapan Manajemen Risiko Perusahaan

One of the challenges facing the business world today is vulnerability to unwanted risks. For this reason, a comprehensive risk management system is needed to mitigate bad things and increase stakeholder confidence in the company. The leadership structure of Indonesian organizations that adheres to the two-tier concept by separating the roles and responsibilities of Commissioners and directors causes the board of Commissioners and directors to also carry out internal control functions. This leadership structure involves the commissioner's role in terms of risk management disclosure. On the other hand, the issue of diversity in public companies in Indonesia is a factor that affects the complexity of alternative decision-making that affects the disclosure of risk management. This study will examine the effect of diversity of Commissioners such as age, gender, and educational background on the level of disclosure of Corporate Risk Management. This study will take a sample of state-owned companies in Indonesia that are registered as members of the IDX during 2018-2019. This study will use the size of the company as a control variable. The analysis technique used is multiple regression analysis with a significance level of 5%. This study concluded that age diversity had no effect, while gender diversity and educational background diversity of company commissioners had an effect on risk management disclosure. This study shows that in addition to government regulations that have not been fully implemented on risk management disclosure obligations, it also shows that the background of the board of commissioners can affect the level of disclosure of the company's risk management in general. Transparency of risk management information will affect the level of confidence of investors and external stakeholders in the resilience and ability of the company in the face of uncertain situations.

Governance, Accountability and Transparency Level of Non-Profit Organisation: A Study Of Malaysian Foundations

Earlier research on corporate governance in Malaysia tended to concentrate on businesses listed on the Bursa Malaysia. This study employs the content analysis method and examines the degree of governance, accountability, and transparency across 45 CLBG Foundations in Malaysia to further explore corporate governance. The two key criteria used to choose the sample were the foundations incorporated as a company limited by guarantee (CLBG) with the CCM and those that are subsidiaries of the parent company listed on the Bursa Malaysia. Analysis shows that most of the CLBG Foundations did not have their own websites and did not publish annual reports. Malaysian CLBG Foundations were found to still have low accountability, transparency, and governance, which supports the need for a law requiring NPOs, specifically CLBG Foundations, to disclose information about themselves to enhance their governance, accountability, and transparency. More stringent regulations will enhance the foundations' governance, accountability and transparency, and boost stakeholder confidence to continue their support and donations. The government should also design a good governance code suitable for the adoption of all Malaysian NPOs in Malaysia. We also recommend the creation of a single regulatory body responsible for monitoring the operations and activities of all NPOs in the country.

Conservatism and its determinants for Portuguese small and medium entities

In this study, we aim at analyzing whether Portuguese small and medium entities (SMEs) are accounting conservatively and what the determinants for conservatism are. While conservatism remains on accounting for a long time, both within the local accounting standards and IFRS firms may opt for a revaluation model to subsequently measure fixed assets. As the number of assets may be carried to higher values than firm becomes less conservative. Therefore, we propose that revaluations are a negative proxy for conservatism. We find that revaluations are not used in an often manner and they are higher for listed than for unlisted firms. Furthermore, our results suggest that debt and firm size are both positively associated with conservatism. Both associations are more significant for listed than non-listed firms. In addition, return on equity tends to increase conservatism, but only for the most indebted unlisted firms. These pieces of evidence are consistent with conservatism being a mechanism to regulate managers’ activity and to capture the confidence of stakeholders.