Impact of Climate Change on Tourism

Climate change is an influencing phenomenon in present global perspective having a wide range of impacts at different levels within the society and industries. This chapter introduces the climate change basics and its major impacts on the global environment. Further, it describes the tourism industry and identifies its relationship with climate change. Scientists take different approaches to deal with climate indices and their application to identify the impact of climate change on the tourism industry. This chapter classifies the tourism industry into different industry type based on the regional characteristics links with the geographical locations. Climate effects have been discussed with different case studies and regions. Then the chapter has been concluded with the major overall impact of climate change in terms of temperature rise, sea level rise (SLR), change in precipitation and extreme events in some cases, on the tourism industry, and next steps to be taken towards sustainable tourism industry.

Exploratory Study on Digital transformation: Capabilities and Expected Performances

Nowadays many firms encounter the macro-level changes called digital transformation and research on it has drastically increased since 2014. In response to this emerging phenomenon, this study explores how firms prepare for digital transformation and what do they expect from it. More specially, based on the survey from 439 Korean scaleup firm (high-growth firm), we suggest the concepts to necessary capabilities for and expected performance improvement through digital transformation. Our study illustrates that how a firm’s perceptions on those concepts varies upon firm size and industry type. Additionally, our study offers a clue for ‘digital divide’ that can potentially threaten the survival of numerous firms.

Earnings management and listing day performance of IPOs in India

PurposeThe purpose of this study is to examine the influence of earnings management during initial public offerings on the listing day returns.Design/methodology/approachThe study collected data for 511 Indian IPOs that came between April 2003 and March 2019 for calculating earnings management. On the basis of the Cross Sectional Modified Jones Model 1995, the paper presents three proxies of earnings management as discretionary accruals (DA), discretionary current accruals (DCA) and discretionary long-term accruals (DLA). The study further used correlation and multiple regression analysis to assess the impact of earnings management on listing day returns.FindingsThe findings show that earnings management and listing day returns vary through issue-year and industry-type. Apart from it, the study reveals a greater contribution of short-term accruals in earnings management on the basis of higher DCA values. It also discloses that the aggregate level of earnings management (DA) influences listing returns, whereas DCA and DLA separately have no impact on the listing day returns of the Indian IPOs.Research limitations/implicationsThe findings are useful to potential investors and analysts to observe, assess and understand the quality of financial reports that are based on fallacious disclosure of accounting figures. The study also reflects the efficacy of Indian regulatory norms for IPOs in constraining earnings management and underpricing, thus providing meaningful insight to the policy makers and the regulators.Originality/valueThis study is distinguished by its focus on determining the influence of earnings management on listing day returns in Indian IPOs by using three earnings management proxies.

Supplier-dedicated resources and flexibility’s roles in a manufacturer’s superior performance

In today’s ever-changing environment, a manufacturing firm depends increasingly on suppliers to sustain its competitiveness. The recent COVID-19 pandemic has demonstrated that supply chain disruptions impair a firm’s ability to deliver customer value. The adverse effect is more significant when the supply chains in question are inflexible rather than flexible. This research argues that supplier-dedicated resources (SRs) and supplier flexibility (SF) determine a manufacturing firm’s competitive advantage (CA) and provide a comprehensive view of these supply chain-based factors in the same model. Based on data from 201 respondents in US manufacturing firms that vary in industry type and company size, the results confirm that SRs are critically extended resources for a manufacturing firm. The results also demonstrate that SF mediates the effect of SRs on a manufacturer’s sustainable CA fully. Further, the research develops and verifies SRs as a second-order construct reflecting the synergistic benefit of three subconstructs: dedicated technology, engineers and managers, and company climate.

Problems of Wage Differentiation by Industry, Type of Ownership and Categories of Personnel in Russia

Differentiation of wages by industries, forms of ownership and categories of personnel makes it possible to reveal the inconsistency of economic development. The high level of wages in the extractive industry testifies to the development of industrial structures in the economy. The high level of remuneration in activities in information and communication is conditioned by the development of the fifth and sixth post-industrial structures. The low level of remuneration in science, information, in education in organizations of state and municipal property in comparison with organizations of non-state property indicates that insufficient attention is paid to economic policy to the development of industries that determine post-industrial development, for which it is necessary to accelerate scientific and technological progress. raising the level of education of the employed population, informatization. The low level of remuneration for specialists indicates that both in state and municipal property organizations and in non-state property organizations there is not enough interest in using the labor of specialists.

Cleaner Production Assessment of the Aluminium Industry

Cleaner Production (CP) practices comprised environmental strategy perpetually applied in the production, processes, and services to bolster efficiency, safety, and environmental friendliness. Combining with the mindset of sustainable stocks and resources, this exercise of cleaner production provides advantages of minimum toxic wastes and residues. In this study, we prioritize this practice to be applied in the aluminum industry, of which cleaner production action has not yet been employed. This study aimed to assess the application of cleaner production in the aluminum industry. The method used is assessing cleaner production using the criteria of raw materials, production processes, water and wastewater, energy use, good housekeeping, solid waste and gas, human resources, and environmental performance. The assessment results of the cleaner production application indicate that the Mandiri industry type is generally at level 2 with a frequency of 13 industries. In general, SMAR’S is at level 3 with a frequency of 11 industries, and in the BLK industry, it is at level 2 with 11 industries. These results can be used as a recommendation for the government to increase cleaner production in the Jombang Regency.

Kinerja Keuangan, Tipe Industri dan Sustaiability Report

The number of issues of environmental damage due to company activities makes the sustainability report important to disclose. Disclosure of sustainability reports can explain how the company manages the social and environmental problems it causes. The purpose of this study was to determine the effect of financial performance, which is proxied by profitability, liquidity, and leverage as well as the effect of industry type on the disclosure of the sustainability report. This research was conducted on companies that won the Asia Sustainability Reporting Rating in 2017-2019. The sample in this study amounted to 16 companies, using purposive sampling technique. The analytical method used is multiple linear analysis. From the results of the analysis, it is found that profitability, liquidity, and type of industry have a significant effect on the disclosure of the sustainability report. Meanwhile, leverage has no significant effect on the disclosure of the sustainability report. Keywords: Profitability; Liquidity; Leverage; Industry Type; ASRRAT.

DETERMINAN FAKTOR INTERNAL PERUSAHAAN DALAM PENGUNGKAPAN RISIKO BISNIS DI BURSA EFEK INDONESIA

This research want to confirm and explore the impact of corporate internal factor that agency theory explained related to their influence on business risk disclosure in Indonesia. Factor that explained by agency theory that determine business risk disclosure is company size, leverage, diversification, profitability, and industry type. Population on this research is all the company that listed on Indonesia Stock Exchange in 2018 that consist of 525 companies. Sample determined using purposive sampling method with 55 company as final sample. Indicator that proxy the factor will be tested first using Confirmatory Factor Analysis. This research using Multiple Linier Regression to test the hypothesis. The result of this research show that company size, leverage, and industry type have positif impact to business risk disclosure. Diversification and profitability don’t have significan impact to business risk disclosure. Researcher expect the result of this research contributing as a newer literature as an empirical study related to business risk disclosure and can be reference for companies for make a proper business risk disclosure.