Marko S. Hermawan and Andriani Grace Irene Nomleni
This study describes the accounting mechanism for an ethnic marriage in East Sumba, Indonesia. Blended with a rich culture of Indonesia’s familial piety (Kekeluargaan), the…
Abstract
Purpose
This study describes the accounting mechanism for an ethnic marriage in East Sumba, Indonesia. Blended with a rich culture of Indonesia’s familial piety (Kekeluargaan), the accounting perspective is argued as a root of Indonesia’s norm and plays an important role in defining accounting mechanisms in the Indonesian context.
Design/methodology/approach
The study observes the Belis traditional marriage in East Sumba, East Nusa Tenggara, in a qualitative approach. About 12 in-depth interviews from indigenous East Sumba sources, a direct field observation and a historical content analysis were used.
Findings
Traditional objects, local caste and spiritual karma are key factors in determining the Belis marital mechanism, which is intertwined with the Kekeluargaan norm. Marriage involves the unification of assets and liabilities bound to the newlyweds and their extended family and neighbors. The Kekeluargaan underpins the cooperation of both sides of the families with the manifestation of the parties concerned and is connected in mutual understanding based on harmony and respect.
Practical implications
This study suggests that accountants in Indonesia should factor in the organizational cultural context. They can do this by fostering relationships, integrating cultural norms into accounting practices and adopting a broader perspective that considers the impact on multiple stakeholders for more effective accounting.
Originality/value
The value of this study challenges the perspective from a non-western point of view that accounting and Kekeluargaan relate to one another and align the role of culture as a context in accounting.
Details
Keywords
Marko S. Hermawan and Bastian Abiyusuf
This paper aims to examine Indonesian independent musicians' (indie) adaptation to the environmental business model. The research on institutional entrepreneurship (IE) has been…
Abstract
Purpose
This paper aims to examine Indonesian independent musicians' (indie) adaptation to the environmental business model. The research on institutional entrepreneurship (IE) has been used in organizational studies, including the music profession. However, the music industry's information and technology advancement has not been scrutinized in a less developed country (LDC) context.
Design/methodology/approach
A qualitative approach is used to conduct semi-structured interviews with 14 independent music professionals and enthusiasts. The interview result was three stages of coding, including open, axial and selective, as well as generating appropriate themes.
Findings
The results summarize entrepreneurial behavior, socio-economy and technology factors. The existing literature supports these results, though new perspectives are only identified in the LDC context. Internal factors drive IE, while socio-economy, including music literacy, education and legal issues, influence its sub-setting. On the other hand, technology positively or negatively impacts IE based on individual utilization.
Research limitations/implications
Despite the massive piracy and copyright issues, independent musicians require creativity and innovation beyond product creation. Weak and unclear regulations in Indonesia prevent musicians from revealing their identity and publishing their artwork, preventing or obstructing them from their goals.
Practical implications
This paper illustrates the urgency to implement copyright regulations for musicians in Indonesia, which are insufficiently enforced by law enforcement. Such conditions prevents musicians from revealing their identity and publishing their artwork.
Social implications
This paper addresses the extent to which a community such as independent musician, struggles to find its identity toward the changing of its business model. By mapping the factors associated with an independent musician, the paper suggests that this community has strategic economic potential as a creative entity.
Originality/value
This paper examines the music industry in less-developed nations by contextualizing their institutions using the IE framework. It contributes to identifying the environmental factors influencing independent institutional musicians. Internal and external factors significantly contribute to identifying Indonesia's independent musician setting through IE.
Details
Keywords
Ondřej Dvouletý, Marko Orel and David Anthony Procházka
This research aims to better understand the factors and determinants that shape the job satisfaction of European family business owners.
Abstract
Purpose
This research aims to better understand the factors and determinants that shape the job satisfaction of European family business owners.
Design/methodology/approach
The study is based on a unique sample of 11,362 European family business owners surveyed within the European Union Labour Force Survey (EU LFS) framework, and the main findings were obtained by estimating ordered logistic regression models.
Findings
The authors show that only 26.8% of European family business owners are women, which underlines the gender imbalance in family business ownership, and the authors' results also report that their job satisfaction is significantly lower compared to males. The authors also find the highest job satisfaction amongst family business owners with master-level degrees and point out several interesting statistically significant differences across the industry focus of the family business.
Originality/value
This research contributes to the body of knowledge on the job satisfaction of family business owners by conducting a large-scale study based on a statistically representative sample of European respondents.
Details
Keywords
Danuvasin Charoen and Warut Khern-am-nuai
The detrimental impact of data breaches on organizations and their customers has been well documented in the literature. These breaches expose sensitive information, raising…
Abstract
Purpose
The detrimental impact of data breaches on organizations and their customers has been well documented in the literature. These breaches expose sensitive information, raising concerns about reputational damage and substantial financial losses for affected firms. Prior research has consistently demonstrated the significant financial repercussions of data breach disclosures, with a significant decline in the market value of breached firms following the incident’s revelation. However, recent literature has documented the shift in consumer perception toward data breaches, warranting a revisit of this important and relevant issue with more recent data. This study aims to revisit the cost of data breach disclosures by empirically analyzing the impact of recent data breach incidents on the market value of affected firms.
Design/methodology/approach
The authors collect the data regarding data breach incidents among publicly traded companies in the USA listed in the S&P 500 index from 2013 to 2021. The empirical analysis relies on the event study approach, and the market value of each firm is estimated using the Fama-French three-factor model.
Findings
This study finds that the negative market reaction to data breach announcements in recent years has been significantly weaker than those reported in prior works from the past decade. This result confirms the shift in consumer perception toward data breaches in the market.
Originality/value
While prior research has quantified the cost of data breach disclosures, the authors posit that a renewed examination is essential within the contemporary digital environment. Consumer behavior and market sentiment have undergone significant transformations in recent years, necessitating a revisit of this important issue with updated data. This study not only documents this evolving phenomenon but also yields crucial policy recommendations. Notably, it challenges the conventional wisdom to rely on market forces as an adequate deterrent against data breaches. Consequently, updated regulations may be necessary to effectively navigate the complexities of the evolving digital landscape.
Details
Keywords
Ravikantha Prabhu, Sharun Mendonca, Pavana Kumara Bellairu, Rudolf D'Souza and Thirumaleshwara Bhat
This study examines how different stacking sequences of bamboo and flax fibers, treated with 5% aqueous sodium hydroxide (NaOH) and filled with 6wt% titanium oxide (TiO2), affect…
Abstract
Purpose
This study examines how different stacking sequences of bamboo and flax fibers, treated with 5% aqueous sodium hydroxide (NaOH) and filled with 6wt% titanium oxide (TiO2), affect the physical, mechanical and dry sliding wear resistance properties of a hybrid composite.
Design/methodology/approach
Composites with different fiber stacking arrangements were developed and tested per American Society for Testing and Materials (ASTM) standards to evaluate physical, mechanical and wear resistance properties, focusing on the impact of flax fiber mats at intermediate and outer layers.
Findings
The hybrid composite significantly outperformed composites reinforced solely with bamboo fibers, showing a 65.95% increase in tensile strength, a 53.29% boost in flexural strength and a 91.01% improvement in impact strength. The configuration with multiple layers of flax fiber mat at intermediate and outer levels also demonstrated superior wear resistance.
Originality/value
This study highlights the critical role of stacking order in optimizing the mechanical properties and wear resistance of hybrid composites. The findings provide valuable insights for the design and application of advanced composite materials, particularly in industries requiring high performance and durability.