scholarly journals Value Creation Perceptions of Management Accountants in South Africa

2021 ◽  
Vol 4 (3) ◽  
pp. 120-138
Author(s):  
Schutte D. ◽  
Hugo J. ◽  
Derbyshire E.
Keyword(s):  
South Africa ◽  
Value Creation ◽  
Control Function ◽  
Economic Value ◽  
Qualitative Approach ◽  
Perceived Performance ◽  
Management Accountants ◽  
Data Collection Technique ◽  
A Company ◽  
Value Of Money

The Coalition for Inclusive Capitalism launched the Embankment Project for Inclusive Capitalism (EPIC) to tackle the challenge of communicating how value is created for the stakeholders of a company. However, discord on how stakeholder value should be measured exists. Management accountants can successfully measure the value of money in their cost control function, but it remains a challenge on how they perceive the adding or creating of value in their respective roles and if their own perceived performance. The aim of this study was to obtain an understanding study of how management accountants view and navigate through this concept of value creation in general and in their organisation, how and why they engage in value-creating activities for their organisations and its stakeholders. A qualitative approach was adopted to conduct the study and the data collection technique constituted a literature review and questionnaires distributed to 30 participants. The majority of the participants believe that they are creating value for their organisations and positioned their perceived value creation into the economic value category. Some participants believe that the value they create within their organisation cannot be measured. Overall, it is recommended that possible development of tools, models or frameworks to assist management accountants in the measuring or capturing of value should be explored that is of a more subjective nature, so that it would be easier to implement and drive value creation practices in the workplace.

Endogenous value creation: managerial decisions on intangibles

2017 ◽  
Vol 40 (4) ◽  
pp. 410-428 ◽  
Author(s):  
Elena Shakina ◽  
Mariia Molodchik ◽  
Angel Barajas
Keyword(s):  
Value Creation ◽  
Structural Equation ◽  
Economic Value ◽  
Value Added ◽  
Public Companies ◽  
Content Type ◽  
Managerial Decisions ◽  
Top Managers ◽  
Sustainable Competitive Advantages ◽  
A Company

Purpose This study aims to explore value creation through intangibles in corporations, taking into consideration the endogenous nature of managerial decisions. It is stated that intangibles bring extra information asymmetry into a company and make managers and investors’ goals less aligned. Design/methodology/approach A theoretical model is elaborated and empirically tested on the assumption that managers, while investing in intangibles, simultaneously make a company competitive and attractive to investors. The authors use a conceptual model of endogenous value creation to test how intangibles affect outperforming of a company and provoke the expectations of investors. The research is carried out on a sample of more than 1,650 European companies covering the period from 2004 to 2011. Structural equation modelling is applied for the purposes of empirical analysis. Findings The authors reveal a diverse impact of intangibles on outperforming of a company measured by economic value added and its ability to create market value. The study discovers that managers are prone to indicate positive signals to investors rather than create sustainable competitive advantages. Practical implications This research emphasizes on the particular importance of awareness of policymakers, namely, companies’ top managers, about the outcomes of their decisions. Decision-making in public companies should involve as much deliberation as possible about the potential impact of what is decided. Originality/value This work contributes primarily to the field of corporate finance in companies that use intangibles. The endogenous process of value creation is modelled and tested. As a result, a number of essential problems in agent relationships in intangible-intensive corporations are discovered.

KAJIAN PROSEDUR PELAPORAN DAN PENANGANAN KLAIM ASURANSI TOTAL LOSS ONLY KENDARAAN BERMOTOR (Studi di PT Asuransi Jasa Indonesia {Persero} Cabang Surakarta)

2017 ◽  
Vol 5 (2) ◽  
pp. 43
Author(s):  
Adisty Ananda Putri ◽  
Arief Suryono
Keyword(s):  
Problem Solving ◽  
Literature Review ◽  
Qualitative Approach ◽  
Total Loss ◽  
Insurance Claim ◽  
Damage Survey ◽  
Reporting Process ◽  
Insurance Broker ◽  
Data Collection Technique ◽  
A Company

<p>Abstract<br />The aim of this article is to find out the procedure of reporting indemnification notice, claim handling in Asuransi Jasa Indonesia Inc. branch Surakarta, and the problem that appears in the procedure of reporting and handling Total Loss Only Insurance claim in Asuransi Jasa Indonesia Inc. branch Surakarta along with its problem  solving.  This  research  is  an  empirical-descriptive  law  research  with qualitative approach. The data collection technique used is an interview on the claim section in Asuransi Jasa Indonesia Inc. branch Surakarta and a literature review. Based on the research and discussion, there is a conclusion as the result. First, inn the stage of reporting procedure the insured can report to the insurer, designated workshop, or call the agent or insurance broker. There are several obstacle  in  the  stage  of  handling  claim  such  as,  the  damage  survey,  claim analysis,  vehicle  repair  in  the  workshop,  and  claim  payment.  Second,  the reporting   implementation   obstacle   and   claim   handling   in   Asuransi   Jasa Indoneseia  Inc.  branch  Surkarta  in  terms  of  reporting  procedure  includes  an information notification delivery by the insured which is not in accordance with the facts. The solutions in the reporting procedure stage is the insurer must be more vigilant to the insured who indicated does not have a good ethicto report and the insured must behave well in order to finish reporting process effectivel. The obstacle in claim handling stage includes claim submission process to the previous headquarter. The solution is point out a company valuer  of insurance loss to calculate the loss.</p><p>Keywords: Insurance, Claim, Total Loss Only, and Vehicle.</p><p>Abstrak<br />Artikel ini bertujuan untuk mengetahui prosedur pelaksanaan  pelaporan pemberitahuan ganti kerugian dan penanganan klaim asuransi total loss only di PT Asuransi Jasa Indonesia Cabang Surakarta dan permasalahan yang timbul dalam prosedur pelaporan dan penanganan klaim asuransi total loss only pada PT Asuransi  Jasa Indonesia Cabang Surakarta beserta dengan solusi untuk mengatasinya. Penelitian ini merupakan penelitian hukum empiris bersifat deskriptif dengan pendekatan kualitatif. Teknik pengumpulan data yang diguanakan dengan wawancara pada Bagian Klaim PT Asuransi Jasa Indonesia Cabang Surakarta dan studi pustaka. Berdasarkan hasil penelitian dan pembahasan telah dihasilkan kesimpulan. Pertama, dalam tahapan prosedur pelaporan tertanggung dapat melaporkan kepada penanggung, bengkel yang ditunjuk atau menghubungi agen/broker asuransi. Dalam tahapan penanganan klaim, yaitu survei kerusakan, analisa klaim, perbaikan kendaraan di bengkel dan pembayaran klaim. Kedua, hambatan dalam pelaksanaan pelaporan dan penanganan klaim PT Asuransi Jasa Indonesia Cabang Surakarta <br />dalam hal prosedur pelaporan mencakup  penyampaian  informasi  pemberitahuan  oleh  tertanggung yang tidak sesuai dengan fakta. Solusi bagi hambatan pada tahapan prosedur pelaporan adalah penanggung harus  bersikap  lebih waspada  terhadap  tertanggung yang berindikasi tidak mempunyai itikad baik dalam  melakukan  pemberitahuan.  Sedangkan  hambatan  dalam  hal  penanganan  klaim  mencakup proses pengajuan klaim ke kantor pusat yang lama. Solusi yang dapat diambil adalah dengan menunjuk perusahaan penilai kerugian  asuransi untuk dapat membantu dalam perhitungan penilaian kerugian.</p><p>Kata kunci: Asuransi, Klaim, Total Loss Only, dan Kendaraan Bermotor.</p>

Perkembangan Bahasa dan Seni Siswa Kelas Tinggi Madrasah Ibtidaiyah Negeri I Yogyakarta

2019 ◽  
Vol 2 (2) ◽  
pp. 32-44
Author(s):  
Muhamad Rofi Fauzi ◽  
Salmadina Saktiani
Keyword(s):  
Data Collection ◽  
Language Development ◽  
Qualitative Approach ◽  
Early Age ◽  
Data Collection Technique ◽  
Children’S Work ◽  
Power Of God

The development experienced by humans when explored deeply will make people more confident in the power of God. Simple things such as the process of developing the language and art of children, in fact there is something extraordinary in it, which if disturbed will have an impact on further developments or other aspects.Writing this journal uses a qualitative approach, through observation, interviews, and documentation as a data collection technique. Based on the results of the research conducted, there are some results, namely the indicator of language development of VA class children basically has been achieved in accordance with the task of development at his age. But there are some things that have not been maximized in achieving this, such as the use of synonyms from several words, and metaphorical sentences that do not fully understand. The development of VA class art is in the phase of the Early Realism and the Early Age of Pseudo Naturalism which in the early realism phase In the period of Early Realism, children's work more closely resembled reality. Perspective awareness begins to emerge, but based on one's own vision. Keywords: Language Development, Art, Madrasah

Financial institutions mergers: a strategy choice of wealth maximisation and economic value

2020 ◽  
Vol 12 (4) ◽  
pp. 495-529
Author(s):  
Mohamad Hassan ◽  
Evangelos Giouvris
Keyword(s):  
Credit Risk ◽  
Event Study ◽  
Financial Institutions ◽  
Value Creation ◽  
Economic Value ◽  
Abnormal Returns ◽  
Study Analysis ◽  
Event Window ◽  
Content Type ◽  
Merger Announcement

Purpose This study Investigates Shareholders' value adjustment in response to financial institutions (FIs) merger announcements in the immediate event window and in the extended event window. This study also investigates accounting measures performance, comparison of post-merger to pre-merger, including several cash flow measures and not just profitability measures, as the empirical literature review suggests. Finally, the authors examine FIs mergers orientations of diversification and focus create more value for shareholders (in the immediate announcement window and several months afterward) and/or generates better cash flows, profitability and less credit risk. Design/methodology/approach This study examines FIs merger effect on bidders’ shareholder’s value and on their observed performance. This examination deploys three techniques simultaneously: a) an event study analysis, to estimate and calculate abnormal returns (ARs) and cumulative abnormal returns (CARs) in the narrow windows of the merger announcement, b) buy and hold event study analysis, to estimate ARs in the wider window of the event, +50 to +230 days after the merger announcement and c) an observed performance analysis, of financial and capital efficiency measures before and after the merger announcement; return on equity, liquidity, cost to income ratio, capital to total assets ratio, net loans to total loans, credit risk, loans to deposits ratio, other expenses and total assets, economic value addition, weighted average cost of capital and return on invested capital. Deal criteria of value, mega-deals, strategic orientation (as in Ansoff (1980) growth strategies), acquiring bank size and payment method are set as individually as control variables. Findings Results show that FIs mergers destroy share value for the bidding firms pursuing a market penetration strategy. Market development and product development strategies enable shareholders’ value creation in short and long horizons. Diversification strategies do not influence bidding shareholders’ value. Local bank to bank mergers create shareholders’ value and enhance liquidity and economic value in the short run. Bank to bank cross border mergers create value for bidders’ in the long term but are associated with high costs and higher risks. Originality/value A significant advancement over the current literature is in assessing mergers, not only for bank bidders but also for the three pillars FIs of the financial sector; banks, real-estate companies and investment companies mergers. It is an improvement over current finance literature because it deploys two different strategies in the analysis. At a univariate level, shareholder value creation and market reaction to merger announcements are examined over short (−5 or +5 days) and long (+230 days) windows of the event. Followed by regressing, the resultant CARs and BHARs over financial performance variables at the multivariate level.

scholarly journals Rethinking government and its economy with Giorgio Agamben: The homo sacer in alternative entrepreneurship

2020 ◽  
Vol 68 (5) ◽  
pp. 948-964
Author(s):  
David Redmalm ◽  
Annika Skoglund
Keyword(s):  
Value Creation ◽  
Economic Value ◽  
Special Kind ◽  
Welfare States ◽  
Ethnographic Study ◽  
Economic Gain ◽  
Giorgio Agamben ◽  
Organizational Boundaries ◽  
Entrepreneurial Ventures ◽  
Organizational Goals

Giorgio Agamben argues in The Kingdom and the Glory (2011) that a theological remnant has survived since the medieval period that today makes it impossible to think of government and economy, or ethico-political questions and the administration of a society’s resources, separately. This conflation can be recognized in today’s growing trend of alternative entrepreneurial ventures that aim to merge social and economic value creation in response to shrinking welfare states. ‘Alternative entrepreneurship’ merges organizational goals and values with those of their members with the aim to increase innovation and productivity, and to spur social change. Rather than asking if and how alternative entrepreneurship can solve social problems, the present article contributes to a sociological understanding of the special kind of humanism embedded in these ventures. Drawing on Agamben’s work, this article theorizes the process that enables the conflation of personal and organizational values, and of ‘government and its economy’. The contribution is based on an ethnographic study of an IT company, founded in Hungary around 2010, and its engagement in the Budapest Pride Parade, in a Roma settlement, and in a mission to help Syrian refugees. Following Agamben, we think through these interventions as ‘zones of indistinction’ where organizational boundaries are dissolved, where contradictory values are conflated, and where the participants are positioned as homines sacri whose humanity is at stake. This article shows how the encounters within these zones enable a merging of idealism and economic gain, turning the company itself into a zone of indistinction.

Implementasi Human Relations melalui Kegiatan Informal

2020 ◽  
Vol 2 (1) ◽  
pp. 81-100
Author(s):  
Lydia Hazanah ◽  
Wiryo Setiana ◽  
Dyah Rahmi Astuti
Keyword(s):  
Public Relations ◽  
Qualitative Approach ◽  
Human Being ◽  
Research Subject ◽  
Human Relations ◽  
West Java ◽  
Regional Division ◽  
The Public ◽  
A Company

Perum Perhutani Divisi Regional Jawa Barat dan Banten merupakan perusahaan atau instansi yang melaksanakan Human Relations melalui kegiatan informal, kegiatan informal tersebut dilakukan oleh Unit Seksi Humas dan Protokoler pada Bidang Ekspert Madya Komunikasi dan Pelaporan. Peneliti tertarik melakukan penelitian ini dengan tujuan untuk menetahui bagaimana gambaran impelementasi Human Relations melalui kegiatan informal di Perum Perhutani. Paradigma yang digunakan dalam penelitian ini adalah konstruktivisme yang bertujuan untuk memaknai makna-makna yang diungkapkan informan. Pendekatan yang digunakan adalah pendekatan kualitatif yang bertujuan untuk memahami fenomena yang dialami oleh subjek penelitian secara utuh. Metode yang digunakan dalam penelitian ini adalah studi kasus, karena penulis ingin mengetahi aspek “how” dan “why”yang bertujuan untuk mengetahui karakteristik setiap manusia dengan cara berinteraksi secara langsung dan mendalam. Berdasarkan hasil penelitian menunjukkan bahwa implementasi Human Relations melalui kegiatan informal tersebut menggunakan konsep POAC yaitu perencanaan (Planning), pengorganisasian (Organizing), pelaksanaan (Actuating), dan pengawasan (Controling), sehingga dalam kegiatan informal di Perum Perhutani menerapkan atau mengimplementasi Human Relations melalui kegiatan informal tersebut dengan sebaik mungkin. Implementasi yang tercipta di Perum Perhutani dapat menciptakan kenyamanan, merasa dihargai dalam melaksanakan setiap pekerjaan, sehingga dapat dipahami pula bahwa implementasi Human Relations melalui kegiatan informal di Perum Perhutani telah dilaksanakan dengan baik sehingga dapat menciptakan serta meningkatan produktivitas dalam bekerja. Perum Perhutani Regional Division of West Java and Banten is a company or agency that carries out Human Relations through informal activities, informal activities are carred out by the Public Relations and protocol section unit in the field of experts in intermediate communication and reporting. Researchers are interested in doing this research with the aim to find out how the descripyion of Human Relations implementation through informal activities in Perhutani Public Division West Java and Banten Regional Division through the concept of POAC from planning, organizing, implementing to monitoring (controlling) the activity. The paradigm used in this study is contructivism which aims to interpret the meanings expressed by informants. The approach used is a qualitative approach that aims to understand the phenomenon experienced by the research subject in its entirety. The method used in this study is a case study, because the author wants to know the “how” and “why” aspects that aim to find out the caracteristics of each human being by interacting directly and deeply. Based on the results of the study showed that the implementation of Human Relations throught informal activities using the consept of POAC namely planning, organizing, actuating, and controlling, so that in informal activities in the Perhutani public corporate to implement Human Relations throught informal activites as well as possibl. The implementation created in Perum Perhutani can create comfort, feel valued in carrying out every job, so that it can be understood also that the implementation of Human Relations throught informal activites in Perum Perhutani has been carried out properly so as to create and improve productivity in work. 

How the social entrepreneurship business model designs in South Africa create value: a complex adaptive systems approach

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Olu Oludele Akinloye Akinboade ◽  
Trevor Taft ◽  
Johann Friedrich Weber ◽  
Obareng Baldwin Manoko ◽  
Victor Sannyboy Molobi
Keyword(s):  
South Africa ◽  
Business Model ◽  
Value Creation ◽  
Social Entrepreneurship ◽  
Complex Adaptive Systems ◽  
Local Governments ◽  
Business Models ◽  
Social Entrepreneurs ◽  
Content Type ◽  
The Social

Purpose This paper aims to understand social entrepreneurship (SE) business model design to create values whilst undertaking public service delivery within the complex environments of local governments in South Africa. Design/methodology/approach Face-to-face semi-structured interview was conducted with 15 purposively selected social entrepreneurs in Gauteng and Western Cape provinces. The interview guide consisted of main themes and follow-up questions. Themes included SEs’ general history, the social business model; challenges faced and how these were overcome; scaling and growth/survival strategies. These enabled the evaluation of SEs in terms of identifying key criteria of affordability, availability, awareness and acceptability, which SEs must achieve to operate successfully in low-income markets. Social enterprise owners/managers within the electricity distribution, water reticulation and waste management services sectors were surveyed. Findings Most respondents focus on building a network of trust with stakeholders, through communication mechanisms that emphasize high-frequency engagements. There is also a strong focus on design-thinking and customer-centric approaches that strengthen value creation. The value creation process used both product value and service value mechanisms and emphasized quality and excellence to provide stakeholder, as well as societal value, within their specific contexts. Practical implications This study builds upon other research that emphasizes SEs’ customer-centric approaches to strengthen value creation and on building a network of trust with multiple stakeholders. It contributes to emphasizing the business paradigm shift towards bringing social values to the business practice. Social implications Social good, but resource providers are demanding more concrete evidence to help them understand their impact (Struthers, 2013). This is because it is intrinsically difficult for many social organizations to document and communicate their impact in more than an anecdotal way. The research has contributed to the understanding of how SEs can provide evidence of value creation. Originality/value This study contributes to the understanding of how business models are designed to create value within the context of the overwhelming complexity of local government services in South Africa.

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