Qadar Bakhsh Baloch, Sourath Maher, Nadeem Iqbal, Syed Naseeb Shah, Muhammad Sheeraz, Faryal Raheem and Kanwal Iqbal Khan
Therefore, this research study investigates the impact of business environment on the performance of the business organizations. (1) To understand the importance the environment…
Abstract
Purpose
Therefore, this research study investigates the impact of business environment on the performance of the business organizations. (1) To understand the importance the environment in the success of the business entrepreneurship. (2) To explore the environmental factors that can affect the success of business entrepreneurship in Pakistan. (3) To establish relationship between the environmental factors and the sustained organizational performance of business entrepreneurships in Pakistan.
Design/methodology/approach
Drawing from the person–environment fit (PE fit) and the self-determination theory literature, this survey research study seeks to determine the impact of organizational environment upon sustained organizational economic performance. The main independent variable of the study encompasses its main three dimensions, i.e. leadership capacity, organizational culture and organizational politics. The dependent variable comprises the sustained economic performance of the organization. The research study hypothesized and tested a model in which the organizational environment (organizational culture, organizational politics and leadership) interplays with the organizational sustained performance.
Findings
Keeping in view the outcomes of this research work the following implications can be drawn. A leader can yield maximum productivity of employees, if he/she has leadership capacity to provide directions, skilled to minimize the stress level of the employees and able to motivate them in achieving organizational goals. Therefore, capacity of leader to handle difficult situations and develop PE fit is the key to organizational success in current scenario. The study also revealed a positive effect of organizational culture on organizational performance. The culture of the organizations provides an environment of openness to think, share and contribute toward goals of the organization. It enables employees to express themselves, develop person-organization common goals with self-determination. The PE fit provides a platform to feel free, express their feelings and opinions, and contribute in the decision-making process of organizations. The involvement in organizational activities provide a sense of responsibility, ownership and motivation to produce better results for the organizations.
Originality/value
PE fit perspective postulates that matching individual psychological needs and environmental supplies (provided by organization and society) generates positive attitudes and behaviors (Tepper et al., 2018). The effect between individuals and their environment is inherently reciprocal rather than a one-way effect (Goetz et al., 2021). The fundamental postulation support that the fit certainly improves performance, commitment and satisfaction of individuals in the context of organizations (De Cooman et al., 2019; Rau vola et al., 2020). Moreover, self-determination theory (SDT) is another perspective that emphasizes the attainment of autonomy, competence and relatedness in employees to outperform (Deci and Ryan, (2010). The self-determination theory revolves around the social-contextual conditions that support or obstruct the integral courses of self-motivation and psychological development, which will contribute toward organizational performance (Nazir et al., 2021).
Details
Keywords
Waheed Ur Rehman, Jiang Guiyun, Luo Yuan Xin, Wang Yongqin, Nadeem Iqbal, Shafiq UrRehman and Shamsa Bibi
This paper’s aim is modeling and simulation of an advanced controller design for a novel mechatronics system that consists of a hydrostatic journal bearing with servo control. The…
Abstract
Purpose
This paper’s aim is modeling and simulation of an advanced controller design for a novel mechatronics system that consists of a hydrostatic journal bearing with servo control. The proposed mechatronic system has more worth in tribology applications as compared to the traditional hydrostatic bearing which has limited efficiency and poor performance because of lower stiffness and load-carrying capacity. The proposed mechatronic system takes advantage of active lubrication to improve stiffness, rotor’s stability and load-carrying capacity.
Design/methodology/approach
The current work proposes extended state observer-based controller to control the active lubrication for hydrostatic journal bearing. The advantage of using observer is to estimate unknown state variables and lumped effects because of unmodeled dynamics, model uncertainties, and unknown external disturbances. The effectiveness of the proposed mechatronic system is checked against the traditional hydrostatic bearing.
Findings
Proposed mechatronics active hydrostatic journal bearing system is checked against traditional hydrostatic journal bearing. It is found that novel active hydrostatic journal bearing with servo control has good tribology performance factors such as stiffness, less rotor vibration, no wear and friction under starting conditions and high load-carrying capacity under different conditions of spindle speed, temperature, initial oil pressure and external disturbance. The result shows that proposed mechatronics system has more worth in rotary tribology applications.
Originality/value
The current manuscript designs a novel active hydrostatic journal bearing system with servo control. The mathematical model has advantages in term of estimating unknown state variables and lumped effects because of unmodeled dynamics, model uncertainties and unknown external disturbances. The result shows improvement in dynamic characteristics of a hydrostatic journal bearing under different dynamic conditions.
Details
Keywords
Muhammad Sadiq, Sakkarin Nonthapot, Shafi Mohamad, Ooi Chee Keong, Syed Ehsanullah and Nadeem Iqbal
The discourse aimed to investigate green finance practices under the assumptions of several notable climate advisors and speculators in Asia and particularly in Southeast Asia…
Abstract
Purpose
The discourse aimed to investigate green finance practices under the assumptions of several notable climate advisors and speculators in Asia and particularly in Southeast Asia. The study intrigues by considering financial specialists to vent government spending on green restoration plans leading toward green bankable venture openings for the public and private sector. This section distinguishes a few of the green fund components and approaches that can be joined by national and neighborhood governments, essentially in Southeast Asia, into their post-COVID-19 techniques, but are too valuable inputs for domestic commercial banks and private corporates.
Design/methodology/approach
It can be defined as a functional type for Cobb Douglas development. ARDL technology is a way of calculating complex forces at the classification level at long-term and short-term stages. This ARDL approach has many advantages and can be implemented when incorporated in level I (0) and level I first (1) with the original variable. Still, it offers robust ability to the outcomes and standardizes the lag, considering the number and sample size used. Pooled mean group (PMG) method is becoming a convenient technique for monitoring data over the period and a good approach for energy impact panels – growth ties for creating links between energy emissions and environmental sustainability and businesses in the nation.
Findings
There is a positive partnership between creativity and a sustainable world. Corporations are recommended to uphold the principles of CSR in the development process by introducing environmentally friendly advanced technologies. The main objectives of corporate social responsibility (CSR) are economic growth, environmental sustainability and social justice. Several programs have been established to expand businesses' responsibilities to improve their confessions in sustainable growth. SMEs are a primary source of production of innovative products and technologies. The key concerns of stakeholders and politicians in the new competitive business climate are the protection of environmental sustainability and social responsibility, recognizing factors driving economic development for SMEs.
Originality/value
During the COVID-19 era, the prime responsibility of pandemic confronting governments is to spend on help activities (that have been started in earlier phase) and recovery endeavors (yet to start in the situation). Therefore, the governments may devise policies to pool resources from commercial, private, public-private partnerships and other capital market sources. With rising hazard recognitions particularly emerging from at-threat income projections, governments ought to make the correct mechanisms and instruments that can perform this catalytic part of derisking and drawing in such capital. This too can be an opportunity for governments to enhance and execute such financial instruments that offer assistance, quicken their commitments to climate alter beneath the Paris Agreement and the sustainable development goals (SDGs), and thus “build back better” is being progressively voiced over the world.
Details
Keywords
Objective of the study is to determine the factors effecting successful women leadership and to draw a comparison between Thailand and Malaysia. Primary data were collected from…
Abstract
Objective of the study is to determine the factors effecting successful women leadership and to draw a comparison between Thailand and Malaysia. Primary data were collected from both countries. Quantitative research approach was used in this study by using a cross-sectional research design. Population of the study was based on the textile companies of Thailand and Malaysia. Employees of textile companies were selected as the respondents. Partial Least Square (PLS) was used for data analysis. Results of the study found that learning autonomy, emotional intelligence, political differences and organization culture (OC) are the major factor which effect on successful women leadership in both countries. Moreover, in both countries, learning autonomy, emotional intelligence and OC have positive role in successful women leadership, however, political differences effect negatively on successful women leadership. Additionally, there is a difference between both countries, in case of moderating role of political differences and OC. In Thailand, OC has positive role to enhance women leadership through emotional intelligence. In case of Malaysia, political differences weaken the positive relationship between the emotional intelligence and successful women leadership.
Details
Keywords
Nur Shahira Shahul Hameed, Yashar Salamzadeh, Noor Fareen Abdul Rahim and Aidin Salamzadeh
This paper aims to investigate the impact of business process reengineering on organizational performance in the Malaysian electronics manufacturing industry during the…
Abstract
Purpose
This paper aims to investigate the impact of business process reengineering on organizational performance in the Malaysian electronics manufacturing industry during the coronavirus pandemic. It also studied the moderating effect of strategic thinking on the relationship between these two concepts.
Design/methodology/approach
Data of 103 samples are obtained from a survey of the electronics manufacturing companies listed in the Federation of Malaysia Manufacturers’ directory. Data is analysed using partial least squares structural equation modelling.
Findings
The results show that business process reengineering dimensions, i.e. top management commitment, organizational readiness for change, information technology capabilities and people management have significant positive impacts on organizational performance; whereas organizational structure and other abovementioned dimensions were found to have a much stronger impact on organizational performance whilst strategic thinking exists in the organization.
Practical implications
As the studied firms have been affected by the pandemic, the results will be useful for managers of the firms in the Malaysian electronics manufacturing industry by highlighting the dimensions of business process reengineering that can have a positive and significant impact on the organizational performance and by advising them to incorporate strategic thinking.
Originality/value
The results extend the literature on business process reengineering dimensions, which impact organizational performance by empirically testing the relationship of those dimensions on the performance, with strategic thinking as a moderating variable in Malaysian electronics manufacturing companies. From the knowledge, studying strategic thinking as a moderator in the relationship between business process reengineering and organizational performance in electronics manufacturing companies in Malaysia is unique, especially during a global crisis, i.e. the pandemic.
Details
Keywords
Abdullah S. Karaman, Ali Uyar, Rim Boussaada and Majdi Karmani
Prior studies mostly tested the association between carbon emissions and firm value in certain contexts. This study aims to advance the existing literature by concentrating on…
Abstract
Purpose
Prior studies mostly tested the association between carbon emissions and firm value in certain contexts. This study aims to advance the existing literature by concentrating on three indicators of greening in corporations namely resource use, emissions and eco-innovation, and examining their value relevance in the stock market at the global level. Furthermore, we deepen the investigation by exploring the moderating role of eco-innovation and the CSR committee between greening in corporations and market value.
Design/methodology/approach
The data for the study were retrieved from the Thomson Reuters Eikon database for the years between 2002 and 2019 and contain 17,961 firm-year observations which are analyzed through fixed-effects regression.
Findings
The results reveal that while resource usage is viewed as value-relevant by the market, the emissions and eco-innovation are not. However, despite eco-innovation per se not being value-relevant, its interaction with resource usage and emissions is value-relevant. Furthermore, CSR committees undertake a very critical role in translating greening practices into market value.
Research limitations/implications
While the results for emissions support the cost-concerned school, the findings for resource usage confirm the value creation school. Furthermore, the interaction effect of eco-innovation and CSR committee confirms the resource-based theory and stakeholder theory, respectively.
Practical implications
Investors regard eco-innovation-induced pro-environmental behaviors as value-relevant. These results propose firms replace eco-innovation at the focal point in developing environmental strategies and connecting other greening efforts to it. Moreover, CSR committees are critical to corporations in translating greening practices into firm value by developing and implementing disclosure and communication strategies.
Originality/value
The study’s originality stems from investigating the synergetic effect that eco-innovation and CSR committees generate in translating greening practices to greater market value at a global scale.
Details
Keywords
Gaetano della Corte, Federica Ricci, Sara Saggese and Fabrizia Sarto
The study aims to empirically examine the effect of board industry expertise on environmental, social and governance (ESG) strategy, and the mediating role of environmental…
Abstract
Purpose
The study aims to empirically examine the effect of board industry expertise on environmental, social and governance (ESG) strategy, and the mediating role of environmental innovation.
Design/methodology/approach
Using an unbalanced sample of 341 publicly traded Italian non-financial firms and data collected from multiple sources over the period 2017–2021, this study applies single-mediator models via ordinary least squares regressions.
Findings
Results indicate that directors’ industry expertise improves the corporate orientation toward sustainability strategy that is reflected in ESG objectives. This effect is partly mediated by a greater level of environmental innovation.
Practical implications
The article suggests regulators to promote eco-innovation-friendly investment initiatives due to their value in advancing corporate sustainability strategies.
Originality/value
The research fills a gap in the literature that has never explored the effect of board industry expertise on sustainability-related outcomes. Moreover, it advances the debate on the implications of board human capital by assessing its influence on ESG strategy and environmental innovation.
Details
Keywords
This chapter examines the world of risk management within fintech. It initiates by emphasizing the crucial role of technology and risk assessment in shaping the fintech landscape…
Abstract
This chapter examines the world of risk management within fintech. It initiates by emphasizing the crucial role of technology and risk assessment in shaping the fintech landscape. It discusses various risk categories prevalent in fintech operations, elucidating the nuances of technology, operational, compliance, strategic, and reputational risks. A comparative analysis across different fintech sub-sectors unveils their distinct risk profiles. The narrative extends to proactive risk management frameworks, contrasting prominent models like the COSO ERM, FAIR Risk Quantification, and NIST Cybersecurity Frameworks. Integral defense measures are scrutinized, encompassing data encryption, access controls, vulnerability assessments, and incident response plans. This chapter underscores the significance of building operational resilience through robust technology infrastructure, regular system updates, disaster recovery planning, and business continuity measures. Ultimately, this chapter culminates in a comprehensive summary, offering pragmatic recommendations to fortify technology risk management in fintech.
Details
Keywords
The purpose of this paper is to investigate the main organizational factors that contribute to the successful implementation of business process reengineering (BPR) in the…
Abstract
Purpose
The purpose of this paper is to investigate the main organizational factors that contribute to the successful implementation of business process reengineering (BPR) in the Egyptian banking sector. These factors include management commitment, information technology (IT) infrastructure, people management, change readiness, centralization and formalization.
Design/methodology/approach
The key organizational enablers were identified through an extensive literature review. Then, statistical analysis was carried out based on data collected, using a questionnaire instrument, from 184 managers employed in 38 banks operating in Egypt.
Findings
The results of the study indicate that management commitment, IT infrastructure, people management, change readiness and organizational structure with a low degree of formalization are critical enablers for implementing a successful BPR program within the Egyptian banking sector.
Practical implications
The results may support managers of banks in identifying and assessing the influence of integrating organizational factors that facilitate or hinder the successful implementation of BPR.
Originality/value
Since 2004, the Egyptian banking system has involved in major reform programs and many BPR efforts. Much research effort is required to investigate the BPR projects within the Egyptian banks in order to develop a concrete base of knowledge and understanding of the nature of BPR and factors that support its successful implementation. Moreover, there is an insufficiency of empirical studies regarding the implementation of BPR within the Egyptian service sector. The current study fills this gap by exploring and examining the main organizational factors affecting BPR implementation in a developing country.
Details
Keywords
Wenhao Zhou, Hailin Li, Liping Zhang, Huimin Tian and Meng Fu
The purpose of this work is to construct a grey entropy comprehensive evaluation model to measure the regional green innovation vitality (GIV) of 31 provinces in China.
Abstract
Purpose
The purpose of this work is to construct a grey entropy comprehensive evaluation model to measure the regional green innovation vitality (GIV) of 31 provinces in China.
Design/methodology/approach
The traditional grey relational proximity and grey relational similarity degree are integrated into the novel comprehensive grey evaluation framework. The evaluation system of regional green innovation vitality is constructed from three dimensions: economic development vitality, innovative transformation power and environmental protection efficacy. The weights of each indicator are obtained by the entropy weight method. The GIV of 31 provinces in China is measured based on provincial panel data from 2016 to 2020. The ward clustering and K-nearest-neighbor (KNN) algorithms are utilized to explore the regional green innovation discrepancies and promotion paths.
Findings
The novel grey evaluation method exhibits stronger ability to capture intrinsic patterns compared with two separate traditional grey relational models. Green innovation vitality shows obvious regional discrepancies. The Matthew effect of China's regional GIV is obvious, showing a basic trend of strong in the eastern but weak in the western areas. The comprehensive innovation vitality of economically developed provinces exhibits steady increasing trend year by year, while the innovation vitality of less developed regions shows an overall steady state of no fluctuation.
Practical implications
The grey entropy comprehensive relational model in this study is applied for the measurement and evaluation of regional GIV, which improves the one-sidedness of traditional grey relational analysis on the proximity or similarity among sequences. In addition, a three-dimensional evaluation system of regional GIV is constructed, which provides the practical guidance for the research of regional development strategic planning as well as promotion paths.
Originality/value
A comprehensive grey entropy relational model based on traditional grey incidence analysis (GIA) in terms of proximity and similarity is proposed. The three-dimensional evaluation system of China's regional GIV is constructed, which provides a new research perspective for regional innovation evaluation and expands the application scope of grey system theory.