Umi Widyastuti, Erie Febrian, Sutisna Sutisna and Tettet Fitrijanti
This study aims to determine antecedents of market discipline. A model was constructed by extending the theory of planned behavior (TPB) to explore the cognitive, psychological…
Abstract
Purpose
This study aims to determine antecedents of market discipline. A model was constructed by extending the theory of planned behavior (TPB) to explore the cognitive, psychological and social factors that influence the market discipline in the form of withdrawal behavior.
Design/methodology/approach
This study applied a quantitative approach by surveying 181 Indonesian retail investors in Sharia mutual funds, which were represented by civil servants. The samples were collected using the purposive sampling technique. This study used the partial least square–structural equation model to analyze the data.
Findings
The results revealed that the Islamic financial literacy, the attitudes toward withdrawal, the subjective norms and the perceived behavioral control had a positive significant effect on the withdrawal intention, whereas financial risk tolerance had an insignificant impact. Then, all the exogenous variables and intention to withdraw had a significant contribution in explaining market discipline. Contrary to the proposed hypothesis, the attitude toward withdrawal had a negative impact on market discipline. The structural model indicated that the TPB could be extended by adding some exogenous variables (i.e. Islamic financial literacy and financial risk tolerance) in determining the intention to withdraw and withdrawal behavior, which indicated the market discipline in Sharia mutual funds.
Research limitations/implications
This study was limited to individual investors who work as civil servants. This study did not accommodate different demographic factors such as age and gender, which influence fund withdrawal behavior.
Practical implications
The government must focus on the inclusion of market discipline in Sharia mutual funds’ regulation to encourage the risk management disclosure, specifically that related to Sharia compliance.
Originality/value
Previous studies applied a traditional finance theory to predict market discipline, but this study contributes to filling the theoretical gap by explaining the market discipline from a behavioral finance perspective that was found in Sharia mutual funds.
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Arya Candra Kusuma, Robert Kurniawan, Sri Kuswantono Wongsonadi, Prana Ugiana Gio, Henny Herawaty Br. Dalimunthe and Anan Sutisna
This study aims to analyze the effect of energy consumption by energy source toward the price level of fossil fuels in Indonesia.
Abstract
Purpose
This study aims to analyze the effect of energy consumption by energy source toward the price level of fossil fuels in Indonesia.
Design/methodology/approach
Using data from the Energy Institute and the World Development Indicator, this study applies the error correction model method to analyze the effect of energy consumption on price levels, both in the short and long run.
Findings
The results of this study show that the price of oil, which is one of the energy sources, has increased. In the long run, coal consumption increases oil prices, while geothermal consumption does the opposite. On the other hand, in the short term, only oil consumption increases oil prices. This study emphasizes the importance of renewable energy development, especially geothermal energy and hydroelectricity, for energy price stability in Indonesia.
Originality/value
To the best of the authors’ knowledge, this study is the first to examine the effect of Indonesian energy consumption on oil prices. In addition, this study breaks down the analysis of energy consumption by source, making it a valuable reference for the development of renewable energy in Indonesia.
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Hardo Sujatmiko, Inom Nasution, Giri Wiyono, Ambar Sri Lestari and Fahriza Nurseha Suharto
Although social entrepreneurship has been extensively studied, there remains a scarcity of empirical research on social entrepreneurship literacy. Addressing this gap, the present…
Abstract
Purpose
Although social entrepreneurship has been extensively studied, there remains a scarcity of empirical research on social entrepreneurship literacy. Addressing this gap, the present case study investigates the perceptions of students and teachers regarding social entrepreneurship literacy in a vocational boarding school context.
Design/methodology/approach
Data were gathered through focus group interviews and analyzed using interpretative phenomenological analysis, guided by Peredo and McLean’s (2006) dimensions: goals, opportunities, innovation, risks and human resources.
Findings
The findings reveal that both students and teachers perceive the five dimensions of social entrepreneurship literacy as pivotal in fostering social awareness and instilling core values.
Research limitations/implications
This study contributes to the growing body of literature by offering empirical insights into how students’ and teachers’ beliefs and attitudes towards social entrepreneurship literacy influence their entrepreneurial intentions and practices.
Originality/value
By fostering a conducive educational environment for social entrepreneurship, schools can design and implement literacy programs that effectively raise awareness and cultivate entrepreneurial literacy among students and teachers.
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Rhetorical figures are frequently used in English-Chinese advertisement translation, but their impact on consumers is an under-studied issue. This research aims to explore Chinese…
Abstract
Purpose
Rhetorical figures are frequently used in English-Chinese advertisement translation, but their impact on consumers is an under-studied issue. This research aims to explore Chinese consumers’ perception of two categories of rhetorical figures in bilingual advertising, namely schemes and tropes, via an eye-tracking experiment.
Design/methodology/approach
It takes rhyme and antithesis as representative examples of schemes and takes metaphor as an example of tropes. Eighty-six native Chinese speakers with satisfactory English proficiency participated in the experiment. Thirty English slogans without rhetorical figures were selected for the experiment. Two parallel Chinese versions were prepared, one with rhetorical figures and the other without. Participants were randomly assigned to read the English version and one Chinese version.
Findings
Data analyses show that the translations with rhetorical figures generally involve higher fixation duration or count, smaller saccade amplitude and higher subjective ratings. In particular, the impact of metaphor is more prominent than that of rhymes and antitheses. Still, English texts receive higher ratings than Chinese translations except for cases where metaphors are used in translations.
Practical implications
The results suggest that incorporating rhetorical figures particularly tropes into Chinese translations is effective in increasing Chinese consumers’ attention and processing depth and to present English advertisements together with Chinese translations can be helpful for affecting their attitude.
Originality/value
It applies the eye-tracking approach to explore Chinese consumers’ perception of rhetorical figures. It provides empirical evidence for the effectiveness of tropes.
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Snigdha Singh and Pallavi Srivastava
After each of the COVID-19-induced lockdowns, an unprecedented surge in leisure travel was observed, resulting in tourists flocking to places of tourist interest. This phenomenon…
Abstract
Purpose
After each of the COVID-19-induced lockdowns, an unprecedented surge in leisure travel was observed, resulting in tourists flocking to places of tourist interest. This phenomenon was termed revenge travel in popular literature. The purpose of this study is to explore the phenomenon of revenge travel in detail through an academic lens. It examines the psychological and emotional motivations for revenge travel while studying the differences in travel behaviour pre- and post-pandemic.
Design/methodology/approach
The study applies an interpretive phenomenological approach to explore post-pandemic travel behaviour. Data were collected via personal in-depth semi-structured interviews. Thematic analysis of the transcripts was conducted to arrive at discussion themes.
Findings
Drawing on the established theories, the findings of the study indicate that lockdown fatigue coupled with mortality salience induced individuals towards leisure travel. This in turn led to mood alleviation and compensation for the deprivation undergone.
Practical implications
The study reveals important insights into post-pandemic preferences of travel destinations (off-beat locations near urban clusters), accommodation options (more travellers choosing home stays and stand-alone properties) and vacation itineraries (a gradual shift towards slow tourism with more focus on immersive experiences). Further, there are indications that hotels may develop “workcations” and “staycations” as a new line of offering.
Originality/value
The study adds to the small body of knowledge on revenge travel. It adopts a phenomenological approach, thereby capturing the “lived experiences” of the participants and providing an in-depth look into the psychological and emotional motivations of revenge travel that have not been explored previously. The study provides insights into the travellers' psychology post a period of withdrawal and restraint.
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Stella Franciska Imanuella, Aida Idris and Nurliana Kamaruddin
This study aims to explore how social entrepreneurship initiatives and rural development address various socio-economic challenges in rural communities following Indonesia’s…
Abstract
Purpose
This study aims to explore how social entrepreneurship initiatives and rural development address various socio-economic challenges in rural communities following Indonesia’s independence in 1945.
Design/methodology/approach
Adopting a pragmatic research philosophy, this study uses a historical review and thematic analysis, extending from the PRISMA method to analyse articles and reports concerning social entrepreneurship initiatives and rural development in post-independence Indonesia.
Findings
This study reveals that social entrepreneurship initiatives and rural development programs have advanced hand in hand since Indonesia's independence. Social entrepreneurship initiatives and rural development mutually reinforce each other, with social entrepreneurship prominently featured in many rural development projects, promoting socioeconomic changes in rural communities.
Research limitations/implications
While this review has covered the available literature in Indonesia's context and extends the social entrepreneurship concept by showcasing its impact in rural Indonesia, further theoretical models integrating social entrepreneurship and rural development are needed, especially with local or regional context and community-driven approaches to increase the research potential in the field.
Practical implications
This study is beneficial for policymakers in the field to consider the findings of this review on the strong association that social entrepreneurship has had with rural development in Indonesia.
Social implications
This study highlights the importance of local values and community participation in social entrepreneurship initiatives for rural development. It is also highlighted that social entrepreneurship initiatives enable rural women to participate in entrepreneurial activities.
Originality/value
This study concludes that prior studies consistently demonstrate a strong association between social entrepreneurship initiatives and rural development, with government policies and programs increasingly leveraging social entrepreneurial approaches to tackle rural challenges. Additionally, rural development strategies in Indonesia align with three strategic pillars established by the government’s entrepreneurship programs. These pillars, integral to rural development through the social entrepreneurship approach, are critical for the formulation and future action plans adjustable to the current trends, issues and circumstances.
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Ahmad Salman, Alexander Trupp, Marcus L. Stephenson and Ling Foon Chan
This study aims to investigate the evolving travel intentions of tourists in the aftermath of the relaxation of international mobility restrictions in 2022. It aims to understand…
Abstract
Purpose
This study aims to investigate the evolving travel intentions of tourists in the aftermath of the relaxation of international mobility restrictions in 2022. It aims to understand how the concept of “revenge travel” – travelling with the intent to make up for lost time during crisis periods – impacts tourists' travel intentions in the post-crisis era.
Design/methodology/approach
Employing a quantitative approach, the study uses Structural Equation Modelling (SEM). Data were collected through a survey of 320 respondents in 2022. This methodology enables a comprehensive understanding of travel intentions, including motivations, perceptions of destination safety and the influence of revenge travel.
Findings
The findings reveal that revenge travel is a significant predictor of travel intentions post-crisis. The results indicate that tourists are less concerned with health and safety and are more driven by the desire to compensate for lost travel opportunities. This shift suggests that travel intentions in the post-crisis era are not predominantly fear-induced. The study also offers insights into how these intentions can inform the recovery and sustainable planning of the tourism industry.
Originality/value
This paper recognises the impact of revenge travel on travel intentions following the lifting of crisis-related mobility restrictions. It provides novel insights into tourists' post-crisis travel behaviour, extending the understanding of travel motivations in extraordinary circumstances. The findings are valuable for tourism practitioners and researchers, offering guidance for future tourism development and marketing strategies within a post-crisis context.
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Muhammad Safdar, Shafiq Ur Rehman, Ammara Yousaf and Murtaza Ashiq
This paper is a systematic review that aims to collect and review studies on library users’ smartphone use to access library services and resources. Another objective of the…
Abstract
Purpose
This paper is a systematic review that aims to collect and review studies on library users’ smartphone use to access library services and resources. Another objective of the systematic review is to identify the challenges and benefits (reported in the reviewed literature) regarding using smartphones to access library resources and services.
Design/methodology/approach
The researchers searched the relevant literature from four databases: Scopus, Library and Information Science Technology Abstracts, Web of Science and Google Scholar. A total of 20 studies were selected, out of the 2,416 retrieved titles, for review in light of the PRISMA guidelines. This systematic review also used the quality assessment guidelines of Boynton and Greenhalgh (2004), to analyze the quality of the publications reviewed in the study.
Findings
The results highlighted that library users used smartphones to access a wide range of library services, including directions help, fresh arrivals, library news notifications, room and course reservations, library account management, circulation and the Online Public Access Catalogue (OPAC). The libraries offered their users multiple mobile-supported services related to searching for resources and account management. The challenges, as well as the benefits associated with the use of smartphones for accessing and using library services, have also been reported. Most reviewed studies scored high (9–13 out of 13) in the quality assessment.
Research limitations/implications
This research has some limitations. First, only the English-language research studies were included in the review. Therefore, it is possible that a significant study conducted in a language other than English was missed. Second, researchers performed a comprehensive search to collect the maximum number of relevant studies; there is a chance that an important study was missed during the search and retrieval process.
Practical implications
This research fills the research gap by advancing the literature on mobile device use for accessing library services and resources. The findings might help library professionals understand the current trends in accessing library services through smartphones. This also helps them plan the latest mobile-supported library services to meet the ever-changing demands of library users. Policymakers could also benefit from this research, as it could help them understand current trends in library services and facilitate them in making appropriate policies, funding allocations and implementing mobile services in libraries.
Social implications
The researchers found that the use of mobile phones to access library services and resources impacts society in a discernible way. It provides a rich environment as users access a wide range of library services, including directions help, fresh arrivals, library news notifications, room and course reservations, library account management, circulation and the OPAC without any hindrances or hurdles.
Originality/value
This is the first review, to the best of the authors’ knowledge, that has systematically collected and reviewed the literature on the topic under study. This study also shares the theoretical and practical implications of the research and future research directions for researchers.
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Bappaditya Biswas, Rohan Prasad Gupta and Mantosh Sharma
The purpose of this paper is to perform a thorough analysis of the literature on the parameters of sustainability of the micro-enterprises. It seeks to provide an organizing…
Abstract
Purpose
The purpose of this paper is to perform a thorough analysis of the literature on the parameters of sustainability of the micro-enterprises. It seeks to provide an organizing framework to identify research gaps and future directions. Using data from Web of Science and Scopus, the study offers insights into key trends, authorship and thematic shifts, informing future research design and positioning.
Design/methodology/approach
Researchers used a systematic review methodology, gathering data from Web of Science and Scopus databases. R Studio software facilitated bibliometric analysis. This study scrutinized research papers to construct an organizing framework and identify thematic trends in sustainability parameters for micro-enterprises.
Findings
The review presents a comprehensive overview of sustainability parameters in micro-enterprises, revealing significant research trends, key authors, countries and journals. It identifies gaps and suggests future research directions, aiding in the design and positioning of forthcoming studies in this domain.
Research limitations/implications
Limitations may include the scope of databases accessed and potential biases in the selected literature. Future studies could explore additional databases or incorporate qualitative analyses for deeper insights into sustainability parameters in micro-enterprises.
Practical implications
This study offers practical insights for policymakers, practitioners and researchers by highlighting key sustainability parameters in micro-enterprises. It informs decision-making processes concerning resource allocation, policy formulation and support mechanisms for sustainable development.
Social implications
Understanding sustainability parameters in micro-enterprises has significant social implications, particularly for vulnerable groups like craftsmen, women and young entrepreneurs. By addressing these parameters, interventions can enhance livelihoods and contribute to broader socio-economic development.
Originality/value
By providing a thorough analysis of sustainability factors in micro-enterprises and applying bibliometric analysis to shed light on research trends, this paper adds to the body of literature. Its organized framework identifies gaps and guides future research, offering value to scholars, policymakers and practitioners invested in sustainable development at the grassroots level.