scholarly journals Can the financial performance of the micro, small, and medium-sized enterprise production sector in Medan be a signal in the use of a leanness strategy?

F1000Research ◽  
2021 ◽  
Vol 10 ◽  
pp. 1183
Author(s):  
Muhammad Andi Abdillah Triono ◽  
Selamat Triono Ahmad ◽  
Cut Ermiati ◽  
Humisar Sihombing
Keyword(s):  
Financial Performance ◽  
Structural Equation ◽  
Sampling Strategy ◽  
Business Strategies ◽  
Path Coefficient ◽  
Business Practices ◽  
Probability Of Error ◽  
Mediation Effects ◽  
Production Sector ◽  
The Government

Background: Business actors need to take strategic steps to maintain and improve business performance. Studying and deepening the strategies used by micro, small, and medium-sized enterprises (MSMEs) to maintain their performance conditions are needed as a barometer of crisis resistance in the macroeconomic sector, especially those used by MSMEs in Medan, Indonesia. Thus, this research provides a real picture in the field of variables and indicators that affect the business strategy of MSMEs through the perspective of a lean approach. Methods: The population in this region was 466 business actors of MSMEs in Medan. A random stratified sampling strategy is used, and 169 businesses in the MSMEs production sector were obtained as samples, which has exceeded the standard achievement of 80 percent in detecting an R2 value of at least 0.10 (with a 5 percent probability of error). The research variables used consisted of one endogenous variable (use of a lean strategy), two exogenous variables (external lean practice and internal lean practice), and one mediating variable (financial performance). Seven hypotheses (inner models) were tested using structural equation modelling–partial least squares, nonparametric statistical data analysis techniques with mediation effects, assisted by Smart PLS 3.0. Results: Based on the path coefficient, internal lean practice predominantly influences the financial performance of MSMEs in Medan compared to external lean practice. Internal lean practice is the primary signal for identifying the degree of lean strategy practice in the MSMEs production sector in Medan city. Conclusion: These findings can be a map for practitioners, academics, and the government to improve the financial performance of MSMEs and assist them in their business strategies through internal business practices. Moreover, this study's impact can lead to an understanding of business strategies in operations that directly or indirectly affect the environment toward global warming and various environmental problems.

scholarly journals Impact of Industry 4.0 on Corporate Financial Performance: A Moderated Mediation Model

2021 ◽  
Vol 13 (11) ◽  
pp. 6069
Author(s):  
Hong-Long Chen
Keyword(s):  
Financial Performance ◽  
Industry 4.0 ◽  
Structural Equation ◽  
Moderated Mediation ◽  
Mediating Effect ◽  
Equation Modeling ◽  
Corporate Financial Performance ◽  
Bootstrap Sampling ◽  
Mediation Effects ◽  
Moderated Mediation Model

Many studies advance the contemporary technologies of Industry 4.0. However, relatively little is known about how Industry 4.0 affects corporate financial performance. Using a survey, bootstrap sampling, and structural-equation modeling, this study evaluates the moderated mediation effects of Industry 4.0 maturity on financial performance. The results show that Industry 4.0 maturity significantly affects internal business process performance (IBPP), which influences customer performance through the mediating effect of supply chain performance (SCP), and IBPP and SCP affect financial performance fully through the mediating effect of customer performance. The results also show that Industry 4.0 maturity moderates the positive relationship between customer performance and financial performance. Customer performance and IBPP have the largest direct and total effects on financial performance in the context of Industry 4.0 implementation, respectively. The results indicate that Industry 4.0 magnifies the potential returns to companies mainly through IBPP, SCP, and customer performance. This study offers an enhanced understanding of the financial implications of Industry 4.0 implementation and provides insights into the factors through which Industry 4.0 maturity influences financial performance.

Early COVID-19 outbreak, individuals’ mask attitudes and purchase intentions: a cohesive care

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Naimatullah Shah ◽  
Muhammad Shafique Kalwar ◽  
Bahadur Ali Soomro
Keyword(s):  
Purchase Intention ◽  
Structural Equation ◽  
Sampling Strategy ◽  
Purchase Intentions ◽  
Cross Sectional ◽  
Content Type ◽  
Health Consciousness ◽  
The Government ◽  
Practical Implications ◽  
Study Offer

Purpose This study aims to explore individuals’ attitudes and intentions towards mask purchase in Pakistan at an initial outbreak of COVID-19. Design/methodology/approach The study is quantitatively based on the cross-sectional data. The data are collected through a survey questionnaire. Convenience sampling strategy is used to target the individuals of Pakistan. At the first, 650 questionnaires were distributed. In return, the authors received 321 raw samples with the response rate of 53.5%. Finally, 316 useful samples are proceeded to infer the final results. Findings The structural equation model’s results demonstrate a positive and significant effect of fear of complication of COVID-19, knowledge about COVID-19 and health consciousness on attitudes towards the mask. Further, attitudes towards mask are found to be the robust analyst of mask purchase intention. Research limitations/implications The study used cross-sectional data through a single source of data collection. The findings of the survey are on the sample size of 316. Practical implications The study would help policymakers to formulate the strategies to make aware individuals regarding their health and COVID-19 issues. The study would provide the guidelines to the government agents of Pakistan to combat with COVID-19 through the purchase of mask. The shopkeepers would be aware to observe the intentions and attitudes of consumers towards mask. Originality/value The outcomes of this study offer a shred of empirical evidence for attitudes and intentions regarding the purchase of mask, particularly for developing country settings.

scholarly journals PENGARUH GOOD GOVERNANCE TERHADAP KINERJA KEUANGAN PEMERINTAH KOTA PAREPARE DENGAN BUDAYA SIRI’ SEBAGAI PEMODERASI

2021 ◽  
Vol 3 (2) ◽  
pp. 126-133
Author(s):  
Imran Rosadi ◽  
Haeruddin Saleh ◽  
Chahyono Chahyono
Keyword(s):  
Structural Equation Modeling ◽  
Financial Performance ◽  
Structural Equation ◽  
Direct Relationship ◽  
Good Governance ◽  
Partial Least Square ◽  
Least Square ◽  
Equation Modeling ◽  
Alternative Method ◽  
The Government

Tujuan dari penelitian ini dalam rangka mengkaji dan menganalisis pengaruh pengaruh variabel Akuntabilitas, variabel Transparansi dan variable Partisipasi terhadap Kinerja Keuangan Pemerintah Kota Parepare. pengaruh Akuntabilitas, Transparansi dan Partisipasi yang di moderasi oleh Nilai Dasar Budaya Siri’ terhadap Kinerja Keuangan Pemerintah Kota Parepare,  Peneltian ini bersifat deskriptif kuantitatif menggunakan metode Struktural Equation Modeling (SEM) dengan metode alternatif menggunakan Partial Least Square (PLS)  melauii aplikasi Smart-PLS 3.2.9.  Hasil peneltian ini menunjukkan bahwa Akuntabilitas berpengaruh tidak signifikan dan juga tidak memiliki hubungan langsung dangan Kinerja Keuangan Pemerintah Daerah Kota Parepare, Transparansi berpengaruh signifikan dan juga memiliki hubungan secara  langsung terhadap Kinerja Keuangan Pemerintah Daerah Kota Parepare, Partisipasi berpengaruh tidak signifikan dan juga tidak memiliki hubungan langsung dangan Analisis Kinerja Keuangan Pemerintah Daerah Kota Parepar, Akuntabilitas berpengaruh tidak signifikan dan juga tidak memiliki hubungan langsung dangan Kinerja Keuangan Pemerintah Daerah Kota Parepare walaupun di Moderasi oleh Nilai-nilai dasar budaya Siri’, Transparansi berpengaruh signifikan dan juga memiliki hubungan langsung dangan Kinerja Keuangan Pemerintah Daerah Kota Parepare setelah dimoderasi Nilai-nilai dasar budaya Siri’. Partisipasi berpengaruh signifikan dan juga memiliki hubungan langsung dangan Kinerja Keuangan Pemerintah Daerah Kota Parepare setelah dimoderasi oleh Nilai-nilai dasar budaya Siri’. This study aims to examine and analyze the influence of Accountability, Transparency, and Participation on the Financial Performance of the Government of Parepare City. The influence of Accountability, Transparency and Participation which is moderated by Siri’ cultural basic values on financial performance of the government of parepare city. This research is descriptive quantitative using the Structural Equation Modeling (SEM) method with an alternative method using Partial Least Square (PLS) through the Smart PLS 3.2.9. The results of this study indicate that accountability has no significant effect on and also does not have a direct relationship with the Financial Performance of the Government of Parepare City transparency has a significant effect on and also has a direct relationship to the Financial Performance of the Government of Parepare City, participation has no significant effect on and also does not have direct relationship with the Financial Performance of the Government of Parepare City, Accountability has no significant effect on and also has no direct relationship with the Financial Performance of the Government of Parepare City even though it is moderated by the basic values Siri' culture transparency has a significant effect on and also has a direct relationship with the Financial Performance of the Government of Parepare City after moderated by the basic Siri' culture. Participation has a significant effect on and also has a direct relationship with the Financial Performance of the Government of Parepare City after moderated by the basic values Siri’ culture.

scholarly journals “One Event, One City”: Promoting the Loyalty of Marathon Runners to a Host City by Improving Event Service Quality

2021 ◽  
Vol 13 (7) ◽  
pp. 3795
Author(s):  
Xiaoying Chen ◽  
Brian H. Yim ◽  
Ziqing Tuo ◽  
Liangjun Zhou ◽  
Ting Liu ◽  
...  
Keyword(s):  
Service Quality ◽  
Structural Equation ◽  
Equation Modeling ◽  
Developmental Phase ◽  
Sporting Events ◽  
Mediation Effects ◽  
Destination Loyalty ◽  
The Government ◽  
The City ◽  
Event Service

China has entered into a new developmental phase where the government can promote national fitness, the sports industry, and city tourism, simultaneously. Rapidly becoming the largest single sporting events in China, marathon events help facilitate this integration. However, event organizers tend to focus on winning bids for events instead of improving event services and increasing the loyalty of runners to the host city, which could benefit the city for sustainable development. In this study, the antecedents affecting marathon runner loyalty to the city hosting the annual hallmark event (i.e., destination loyalty) were investigated by studying a sample of 392 repeat runners during a recent HengQin International Marathon (HQ-M). Conducting structural equation modeling (SEM) analyses, the proposed model, integrating event service quality (ESQ), destination image (DI), satisfaction (SAT), and destination loyalty (DLOY), was confirmed. Nine hypothesized paths were identified among these four constructs, including six direct paths and three indirect paths. Meanwhile, mediation effects and serial mediation effects of DI and SAT between ESQ and DLOY were found. Good ESQ, positive DI, and high SAT were found both separately and collectively to enhance DLOY and have important implications for the strategic marketing of sporting events and sustaining city brand image.

scholarly journals The Effects of Non-Cash Transactions on Consumer Satisfaction (A Case Study on Consumers of the Oro-Oro Dowo Market, Malang)

HABITAT ◽  
2021 ◽  
Vol 32 (3) ◽  
pp. 154-162
Author(s):  
Ary Bakhtiar ◽  
Harpowo Harpowo ◽  
Rahmad Sudibyo ◽  
Amanina Fitria ◽  
Wahid Shodiq
Keyword(s):  
Consumer Satisfaction ◽  
Structural Equation ◽  
Equation Modeling ◽  
Path Coefficient ◽  
Digital World ◽  
Application Service ◽  
Cash Payment ◽  
Product Image ◽  
The Government ◽  
The Impact

The Internet of think is considered incredibly adaptable in the present digital world, one of which is non-cash payments, making it easier, faster, and decreasing human errors. It is not surprising that the government is now promoting Gerakan Nasional Non-Tunai (GNNT) program by ratifying a new application owned by one of the BUMN subsidiaries to enable payment transactions. The GNNT is now being encouraged in many sectors of Indonesian needs, including traditional markets. The objectives of this study were: 1) identifying the consumer characteristics who uses non-cash payment applications in Oro-Oro Dowo market Malang, and 2) investigating the impact of service quality, product image, and promotion on consumer satisfaction as non-cash payment application users. The research site was in Oro-Oro Dowo market, Malang. It is the first traditional market to employ non-cash payments as a payment option, with the research period beginning in April 2020. This study had 100 participants selected through the distribution of questionnaires. The data analysis employed Partial Least Squares-Structural Equation Modeling. The findings showed that the majority of respondents who use non-cash applications were female consumers (76%), had an average age of 20-25 years (47%), had undergraduate education (46%), worked as private employee (37%), and had an average income of < Rp2.000.000 (37%). The path coefficient test revealed that product image and promotion variables had a significant effect on consumer satisfaction as they had a sig value of > 0.05 while the application service variable had a sig value greater than 0.05, it had a negligible effect on consumer satisfaction.

scholarly journals Government Support and Market Proximity: Exploring Their Relationship with Supply Chain Agility and Financial performance

2018 ◽  
Vol 10 (7) ◽  
pp. 2441 ◽  
Author(s):  
Liliana Avelar-Sosa ◽  
Jorge García-Alcaraz ◽  
José Mejía-Muñoz ◽  
Aidé Maldonado-Macías ◽  
Giner Hernández
Keyword(s):  
Supply Chain ◽  
Financial Performance ◽  
Structural Equation ◽  
Equation Model ◽  
Government Support ◽  
Manufacturing Companies ◽  
Supply Chain Agility ◽  
The Government ◽  
The Impact ◽  
Positive Effect

The current paper presents a structural equation model with four variables (Government, Infrastructure, Proximity to market, and supply chain Agility) affecting the Financial performance of a company. Six hypotheses or relationships among variables are proposed, supposing that Government and market Proximity are key elements to achieve a greater Agility in supply chains, considering the regional Infrastructure to determine the impact on Financial performance in manufacturing companies. The model is validated with data from a survey applied to 225 persons in 65 manufacturing companies located in Ciudad Juárez, Chihuahua, Mexico. The model is evaluated using partial least squares, and the findings indicate that there is a direct and positive effect from the Government on regional Infrastructure with a rate of 0.436. When the Government supports the availability of land, energy resources, transportation, telecommunications, mobile telephones, and other services, a positive change is achieved in the Infrastructure and supply chain Agility. Furthermore, the Government also has a direct and positive effect on the market Proximity at a rate of 0.171; consequently, the regional Infrastructure also has an effect on it. Similarly, the market Proximity directly and positively influences the supply chain Agility, as well as a company’s Financial performance at a rate of 0.506.

scholarly journals Factors influencing entrepreneurship success during covid-19 pandemic in Indonesia

2021 ◽  
Vol 3 (1) ◽  
pp. 247-256
Author(s):  
Andrie Yuswanto ◽  
Usep Suhud ◽  
Dedi Purwana ◽  
Choirul Anwar
Keyword(s):  
Structural Equation ◽  
Quantitative Research ◽  
Small And Medium Enterprises ◽  
Entrepreneurship Education ◽  
Business Strategies ◽  
Entrepreneurial Success ◽  
Business Experience ◽  
Successful Entrepreneurs ◽  
The Government ◽  
Medium Enterprises

The Covid-19 pandemic disaster in Indonesia has caused the economy to be the most affected sector. In order to provide solutions for the government in improving the economy through small and medium enterprises, an investigation on business and entrepreneurship solutions is required to support the economy. This study aims to analyze the determinants of entrepreneurial success when a disaster occurs, such as natural disasters, war, and the Covid-19 pandemic as it is today. Business experience, entrepreneurship education, innovation in business, and strategies to produce successful entrepreneurs, are variables that will be tested. The respondents are people who have had experience selling products online. Two hundred seventeen (217) respondents have participated in a questionnaire survey which was created and distributed online through social media. Data validity and data reliability were tested using the Windows SPPS 25.0 application, followed by analyzing data with Structural Equation Model (SEM) using the Windows Amos 23.0 application. The quantitative research results show that strategy affects entrepreneurial success; however, business experience, entrepreneurship education, and business innovation have not related to entrepreneurial success. The research analysis influences the importance of the strategies identified in dealing with a business to be successful. The contribution resulting from this research is how the small and medium enterprises should respond to their efforts in becoming successful entrepreneurs using good business strategies.

Modeling success factors for public construction projects with the SEM approach: engineer’s perspective

2019 ◽  
Vol 26 (10) ◽  
pp. 2410-2431 ◽  
Author(s):  
Ephrem Girma Sinesilassie ◽  
Kamalendra Kumar Tripathi ◽  
Syed Zafar Shahid Tabish ◽  
Kumar Neeraj Jha
Keyword(s):  
International Development ◽  
Structural Equation ◽  
Construction Projects ◽  
Success Factors ◽  
The Body ◽  
Equation Modeling ◽  
Path Coefficient ◽  
Content Type ◽  
The Government ◽  
Public Construction

Purpose The study of the success factors of a project is a means of improving the effectiveness of the project. Hence, the purpose of this paper is to identify various determinants and validate their effects on the success of public construction projects in Ethiopia. Design/methodology/approach The study uses a questionnaire survey to collect data and structural equation modeling (SEM) to empirically examine the effect of determinants, namely, project manager’s competence, owner’s competence, management support and updates, scope clarity (SC), effective partnering, and monitoring and feedback on success of public construction projects which has been measured by performance on cost, schedule, quality and no-dispute parameters. Out of 407 questionnaires distributed among the selected respondents, a total of 200 completed questionnaires were received. The response rate was 49.1 percent. Findings The results depict that the investigated factors have a significant positive influence on the success of public construction projects with path coefficient of 0.82, the model is substantial in representing the relationship of the factors on the success of public construction projects and the factor “SC” plays a decisive role in the success of a project as it has a path coefficient of 0.98, and it is followed by “effective partnership, and owner’s competency” having equal path coefficients of 0.96. Research limitations/implications The proposed model was validated by collecting data from many senior construction executives in Ethiopia only, hence may induce certain bias in the outcome of the study. Practical implications The significance of six constructs is highlighted to help the project manager in understanding the role of various constructs in public construction projects. The results would enable researchers and industry practitioners to focus on a few factors to take proactive measures and get the optimum result in the successful delivery of public construction projects. Utilization of SEM in the understanding of the significance of various success determinants is an important contribution to the body of theoretical literature in construction management. Since the model includes constructs, SEM has been used for construct validation. Social implications The implications of this study are not limited to researchers and construction industry practitioners alone. The Ethiopian Government could adopt the results of this study to reduce/avoid additional cost incurred due to the poor performance of public construction projects which results in poor utilization and increased social and economic costs. Furthermore, the study may also help the government efforts to enhance efficiency and effectiveness in the use of public funds for construction projects which are an ongoing concern of government and of the international development community. Originality/value This work is original and has neither been published nor under consideration for publication elsewhere. This study can add value to the construction professional in public construction project management as well as the Government of Ethiopia.

Consumer Awareness, Consumer Protection, Service Quality and Loyalty: The Case of Long-term Insurance Consumers in Namibia

2019 ◽  
Vol 118 (8) ◽  
pp. 172-189
Author(s):  
Magreth B Tjizumaue ◽  
Krishna Govender
Keyword(s):  
Service Quality ◽  
Consumer Protection ◽  
Structural Equation ◽  
Insurance Industry ◽  
Business Practices ◽  
Consumer Awareness ◽  
Growth And Survival ◽  
Term Insurance ◽  
Protection Legislation

Due to the absence of appropriate Consumer Protection legislation in Namibia, there seems to be a lack of consumer protection, which may result in consumers being exploited. Since the literature reveals that Consumer Awareness, Consumer Protection, Service Quality and Customer Satisfaction influence Customer Loyalty, the aforementioned relationship was explored among consumers of long-term insurance products in Namibia. The researcher embedded the study in the Services Marketing and User’s Satisfaction/Dissatisfaction theory and developed a framework for creating a more aware consumer and thus contribute to the growth and survival of the long-term insurance industry in Namibia.  A survey was conducted using a questionnaire, among a judgmental sample of 407 long-term insurance consumers in Namibia and Structural Equation Modelling was used to analyse (eight) hypothesized relationships among the research constructs alluded to in the title of this study. In summary, it was ascertained that if the customers are fully aware (have sufficient knowledge of the products and their consumer rights), they will feel protected against unfair business practices. Furthermore, if they perceive having received quality services, they are more likely to be satisfied with the service provider and will therefore, remain loyal.

ANALISIS FAKTOR PENENTU KOMPENSASI EKSEKUTIF DAN HUBUNGAN KOMPENSASI EKSEKUTIF DENGAN KINERJA PERUSAHAAN

2013 ◽  
Vol 11 (3) ◽  
Author(s):  
Dyan Vidyatmoko ◽  
Bunasor Sanim ◽  
Hermanto Siregar ◽  
M. Said Didu
Keyword(s):  
Financial Performance ◽  
Executive Compensation ◽  
Structural Equation ◽  
Equation Model ◽  
Product Diversification ◽  
Learning Performance ◽  
Market Area ◽  
Job Complexity ◽  
Positive Correlation ◽  
Volume Output

The objectives of this research were (1) to analyse determinants of the influencing factors of the Indonesian Estate State-owned enterprises’ executive compensations; and (2) to analyse the relationship between compensation executive and firm performances. Statistical methods used for analysing these objectives were Structural Equation Model (SEM), contingency analysis, regresion analysis and qualitative analysis. The study found out that from all identified variables, executive decision mechanism, job complexity, firm size, firm ability to pay compensation, and product diversification and market expansionhad positive correlation and significant influenced to executive compensation. Human capital, business risk, executive employment market had significant correlations to executive compensation. The research had also shown a result that executive compensation provide positive correlation and significant influence towards financial performance (EBIT), customer performance (sales volume, output price, market area), internal process performance (OER target, OER realisation), and growth and learning performance (number of training investment, number of employees participated intraining). However, executive compensation did not give positive correlation and significant influenced towards financial performance (ROE) and customer performance(market share). This research also showed that direction of executive compensation was heading to company’s performance and not the opposite way.

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