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Samarinda City was appointed as a buffer for the new capital city of Indonesia through culinary and craft SMEs. Culinary and craft SMEs are believed to be the drivers in accelerating the achievement of Sustainable Development Goals (SDG), which are part of the strategy of the Provincial Government of East Kalimantan. Even so, 72% of the problems culinary and craft SMEs face in Samarinda City are related to competitive advantages. Culinary and craft SMEs in Samarinda City are still constrained by competitive disadvantage, especially in the non-substitutable resource aspect. This study aimed to analyze the effect of organizational capital and health on competitive advantage, especially in the era of post-COVID-19 economic recovery through the creative economy. This study used a survey method with a quantitative approach. The analysis techniques used were descriptive analysis and factor analysis using structural equation modeling with item parceling. The subjects of this study were SMEs in the culinary and craft sub-sector in Samarinda City (N = 365 SMEs). This study found that social capital and organizational health positively and significantly affect competitive advantage, both partially and simultaneously. Surprisingly, the dimension of work culture and climate s not suitable for modeling the impact of social capital and organizational health on the competitive advantage of culinary and craft SMEs in Samarinda City. This research is expected to contribute theoretically to developing a new model to achieve optimal competitive advantage through social capital and health organizations. This research is expected to strengthen the people's economy to achieve SDGs through SMEs, especially for Samarinda City, a buffer for the new capital city of the Republic of Indonesia and post-COVID-19 economic recovery through the creative economy.
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Since Covid-19 is an enduring disease that pushed the world to reshape business strategies to overcome the unprecedented situations in all sectors such as the sports industry. Although substantial research has been carried out to inspect this phenomenon globally. Nevertheless, how entrepreneurial initiatives can contribute to tackling the situation is still lacking. This study attempts to uncover the relationships between entrepreneur psychological capital (EPC) and business sustainable performance (BSF). Second, this study strives to reveal the relationships between employee wellbeing (EWb) and BSP. In addition, education is treated as a moderating factor to unfold the relationships among factors, i.e., EPC, EWb, and BSF. Data were collected from eight hundred (n = 800) participants who were associated with the Chinese sports industry from March to July 2022. The results demonstrated interesting and fruitful findings based on SEM statistical model. First, a positive connection was found between EPC and BSF. Second, it found a positive link between EWb and BSF. Finally, the study highlighted a significant moderating impact of education among implicit relationships, i.e., EPC, EWb, and BSF. This study provides insights into entrepreneurship, entrepreneur psychological capital, and employee wellbeing on how it can optimize the performance of a business during and post-Covid-19 era. Besides, certain shortcomings along with future potential lines are reported for future researchers. © 2023 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group.
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Purpose: The study sets out to explore the mediating role of intellectual capital (IC) dimensions (i.e. human, structural and relational) between scholars' affiliation to online academic networks and institutional knowledge capitalization. Online academic networks are tackled through the lens of knowledge networks which have been of primary importance for new relevant knowledge acquisition during the COVID-19 pandemic. Design/methodology/approach: A questionnaire-based survey of 305 academics from 35 different countries was conducted from July to December 2021, employing a partial least squares structural equation modelling technique. The database was initially filtered to ensure the adequacy of the sample, and data were analyzed using the statistics software package SmartPLS 3.0. Findings: Evidence was brought forward that the proposed conceptual model accounted for 52.5% of the variance in institutional knowledge capitalization, the structural and relational capital availed by knowledge networks exerting strong positive influence on the dependent variable. Research limitations/implications: The study has both research and managerial implications in that it approaches a topical phenomenon, namely the capitalization of online academic networks in the COVID-19 context, which has dramatically altered the way that research and teaching are conducted worldwide. Originality/value: The most important contribution of the paper resides in the comprehensive research model advanced which covers individual, organizational and network multifaced layers, starting with the personal and institutional motives to join a specialized network, continuing with the opportunities provided by knowledge networks in terms of intellectual capital harnessing, and ending with its influence on higher education organizations. [ FROM AUTHOR] Copyright of Journal of Intellectual Capital is the property of Emerald Publishing Limited and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full . (Copyright applies to all s.)
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Inequality has long persisted in Thailand and its level reached a peak in 2018. Around the end of 2019, the Covid-19 pandemic began to spread around the world and reached Thailand in January 2020, intensifying inequality with critical socio-economic disruptions. Subsequently, over 2,000 protests took place from 2020 to 2022. The combination of challenges caused rapid changes in Thailand. This article offers explanations of ‘who' was doing ‘what' and ‘how' in response to inequality. The article discusses situations of social inequality and people's reactions during the period 2019-2022, by using Bourdieu's concept of capital to tackle inequality and the demands of the various groups. The article utilized a quantitative method based on measures of frequency and regression techniques. The results demonstrate that the middle classes want democracy, and the working classes want more equality and participation. Key responses to social inequality and the government administration included both online and onsite mobilizations. Findings show that age, residency, and capital have impacts on mobilizations in which young people constitute the largest group to join both physical and virtual spaces. © The Authors.
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PurposeThis paper aims to develop insight into the impact the coronavirus disease 2019 (COVID-19) crisis had on female entrepreneurs in Ghana's beauty industry and their ability to recognize opportunities. The authors also ascertained characteristics of the women that seemed to have influenced opportunity recognition.Design/methodology/approachUsing the case study approach, the authors collected data via in-depth interviews and open-ended questionnaires from sixteen women entrepreneurs in the beauty industry. The data were analyzed using a thematic analysis.FindingsThe data show that women entrepreneurs encountered challenges during the pandemic;however, some of the women were able to identify opportunities. Creativity and social media inclination were perceived to have influenced opportunity recognition. It was also observed from the demographic data that women who identified opportunities and women who could not differ in the level of education, age and firm age.Practical implicationsWomen entrepreneurs are encouraged to capitalize on social media and virtual platforms to enhance their marketing, services and operations. COVID-19 aid for businesses must be distributed equitably to all entrepreneurs in need.Originality/valueThe findings from this study provide novel insights into opportunity recognition during a crisis, focusing on a specific industry in a developing country.
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Ten years after the Great East Japan Earthquake, reconstruction projects are progressing in the affected areas and new towns are being formed. However, the recent spread of COVID-19 infection is thought to have affected interactions among residents. In this study, we conducted a multiple-choice questionnaire survey in the Taro district of Miyako City, Iwate Prefecture, which was severely damaged by the Great East Japan Earthquake, to investigate residents' social capital. Cross-tabulations, chi-square tests, and residual analysis revealed the following trends. First, most respondents indicated that the frequency of interaction with local residents and community activities decreased or remained the same after the earthquake. Second, Changes in residents' social capital compared to pre-disaster levels are significantly related to their social capital now, 10 years after the earthquake. Finally, respondents with no roommates and female respondents showed a higher rate of decline in social capital compared to pre-disaster levels. In the disaster-affected areas, the importance of social capital is becoming increasingly recognized for promoting future reconstruction community planning and inhibiting solitary death. It is necessary to respond to residents whose social capital is likely to decline more than before the disaster, such as women and those who live alone. © The Author(s), under exclusive license to Springer Nature Switzerland AG 2023. All rights reseverd.
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This study aimed to optimize the line managers performances in the human resources (HR) division in answering the role of the HR management function problem in Medan City Manufacturing Company. The novelty proposed is a concept of HR management called "Human Resources Professional Transformation". Specifically, this concept discussed the ability of HR division line managers to make adaptive changes to the company's business-oriented functional divisions with managerial competence, commitment, innovation capability, and readiness for changes towards work performance. The population of this research was the line manager of the HR division, totaling 185 respondents. The sampling technique used a probability sampling approach with simple random sampling through the slovin formula, totaling 126 respondents. The analytical tool used is structural equation software through the SmartPLS application program. The results showed that managerial competence, commitment, innovation capability had a positive and significant effect through the HR professional transformation on the performance of line managers in the HR division. Meanwhile, readiness for change has a positive and insignificant effect on the HR Professional Transformation. Readiness for change also has a positive and insignificant effect on the Line Managers Performances in the Human Resources Division through HR Professional Transformation. Based on the suitability test of the research model, it proved that the HR Professional Transformation can answer the problem of the role of the management function to improve the line managers performances in the HR division with managerial competence, commitment, innovation capability, and readiness for change of 0.907.
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The sudden COVID-19-induced transition from a physical university life to a virtual one was a painful one for many students. Social distancing measures mean more than a simple change from face-to-face to online education. This study investigates how different social aspects, such as the students' psychological sense of community, social capital, and use of social media, facilitated the perceived social support during the transition to the COVID-19 lockdown. Our results not only underline social media's role, but also indicate that the perceived social support, as well as the bonding and bridging social capital, were particularly relevant during the transition process. Our findings are aimed at organizational management by recommending actionable ways in which they could improve social support by organizing computer-supported social networks, social support predictors, and specialized interventions for students with less perceived social support. As such, the study provides unique insights into the COVID-19-induced lockdown situation among students, while offering a transition model that also generalizes to other settings. [ FROM AUTHOR] Copyright of Social Science Computer Review is the property of Sage Publications Inc. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full . (Copyright applies to all s.)
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This paper investigates the dynamics and drivers of informational inefficiency in the Bitcoin futures market. To quantify the adaptive pattern of informational inefficiency, we leverage two groups of statistics which measure long memory and fractal dimension to construct a global-local market inefficiency index. Our findings validate the adaptive market hypothesis, and the global and local inefficiency exhibits different patterns and contributions. Regarding the driving factors of the time-varying inefficiency, our results suggest that trading activity of retailers (hedgers) increases (decreases) informational inefficiency. Compared to hedgers and retailers, the role played by speculators is more likely to be affected by the COVID-19 crisis. Extremely bullish and bearish investor sentiment has more significant impact on the local inefficiency. Arbitrage potential, funding liquidity, and the pandemic exert impacts on the global and local inefficiency differently. No significant evidence is found for market liquidity and policy uncertainty related to cryptocurrency.
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Entrepreneurship contributes substantially to the modernization and commercial development of an economy. Access to financial resources is key to the successful operation of new ventures which is arrested by COVID-19. Therefore, the present study aims to address the architecture of entrepreneurial finance since the inception of COVID-19. The research adopts a Systematic literature review approach to study the 127 articles chosen for analysis. The findings reveal the usage of novel sources of finance such as crowdfunding, and Initial Coin Offerings during COVID-19. Apart from this, the research also encapsulates the contributions of the articles on venture capital, P2P lending, and angel finance. Also, the study highlights promising avenues for future research focusing on different financing options and drivers of financing choices. © 2023 Informa UK Limited, trading as Taylor & Francis Group.
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Purpose: Considering the importance of employees' voice behavior (VB) and psychological capital (PC) amidst the coronavirus disease 2019 (COVID-19), this study highlights the role of authentic leadership (AL) in building a psychologically strong workforce that can provide meaningful suggestions for the improvement of organization. Design/methodology/approach: The study employed a questionnaire survey to collect the data and recruited 261 participants from the telecom sector Sindh, Pakistan. The data analysis was done using partial least squares structural equation modeling (PLS-SEM). Findings: The findings of the study supported the hypotheses suggesting that AL can directly influence employees' VB and indirectly via PC. Originality/value: The study was conducted during the COVID-19 in the telecom sector of Sindh, Pakistan. This study contributes by providing useful insights into that AL is an important form of leadership that encourages employees' voluntary behavior and psychological strength during the COVID-19 pandemic. © 2023, Emerald Publishing Limited.
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The study yields insights on the community-based actions for pandemic management in two urban resettlement sites in the Philippines. Studies that interrogate the origins of community-based actions in government-built resettlement sites during the pandemic have been scant. We investigated in two communities how social capital, community organizing, and collective action intersected in wielding the community leaders' combined agency in building their own COVID-19 management system. The data were collected through phone interviews with community leaders and residents during the lockdown period. In a context of low local government support, the communities proved their ability to build their pandemic management system. Nonetheless, one community was much quicker in setting up the crisis management system and was even able to adjust it to the shifting quarantine policies and corresponding needs of the residents. The notable differences between the two communities can be attributed to their different community organizing experience and different stocks of social capital. © The Author(s), under exclusive license to Springer Nature Switzerland AG 2023. All rights reseverd.
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PurposeCapital structure is an important corporate financing decision, particularly for companies in emerging economies. This paper attempts to understand whether the pandemic had any significant impact on the capital structure of companies in emerging economies. India being a prominent emerging economy is an ideal candidate for the analysis.Design/methodology/approachThe study utilizes three leverage ratios in an extended market index, BSE500, for the period 2015–2021. The ratios considered are short-term leverage ratio (STLR), long-term leverage ratio (LTLR) and total leverage ratio (TLR). A dummy variable differentiates the pre-epidemic (2015–2019) and pandemic (2020–2021) period. Control variables are used to represent firm characteristics such as growth, tangibility, profit, size and liquidity. Dynamic panel data regression is employed to address endogeneity.FindingsThe findings point out that Covid-19 has had a significant, negative effect on LTLR, while the impact on STLR and TLR was insignificant. The findings indicate that companies based in a culturally risk-averse environment, such as India, would reduce the long-term debt to avoid bankruptcy in times of uncertainty.Research limitations/implicationsThe study covers the impact of the pandemic on Indian companies. Hence, generalization of the findings to global context might not be valid.Practical implicationsTo maintain economic growth in the post-crisis period, Indian policymakers should ensure accessibility to low-cost capital. The findings provide impetus to deepen the insignificant corporate bond market in India for future economic revival.Originality/valueDeveloping countries are struggling to revive the economies postpandemic. This is particularly true for Asian economies which are heavily reliant on banks for survival. This research finds evidence to utilize bond market as a source of raising capital for economic revival.
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PurposeThe COVID-19 pandemic has greatly impacted work, leading to the adoption of remote work practices and changes in power dynamics and trust. Although managing remote work has received much attention, the impact of the quality of work life on the effectiveness of hybrid workplaces has been less studied. This study aims to examine the relationship between quality of work life and psychological capital among organizational leaders using an artificial neural network (ANN) model. Design/methodology/approachThis study used a cross-sectional quantitative methodology. A structured questionnaire was used to collect 268 responses from organizational leaders using the convenience sampling method. The data collected were analyzed using the ANN model in the Python interface. FindingsThe ANN model training and testing revealed that there is a positive relationship between the quality of work life and psychological capital among organizational leaders. The R-squared values for hope, efficacy, resilience and optimism were 85.19%, 82.08%, 78.55% and 81.08%, respectively, in the training set, and 81.30%, 78.95%, 76.52% and 71.41% in the testing set. Originality/valueTo the best of the authors' knowledge, no previous research in the context of studying the relationship between quality of work life and psychological capital among organizational leaders using the machine learning approach - ANN model.
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PurposeThis study examines the performance effect of working capital for a large sample of Indian manufacturing firms in light of supply chain disruption, i.e. the COVID-19 pandemic.Design/methodology/approachThis study is based on secondary data collected from the Prowess database on Indian manufacturing firms listed on the Bombay Stock Exchange (BSE) 500. Panel data regression analyses are used to estimate all models. Moreover, this study has employed robust standard errors to consider for heteroscedasticity concerns.FindingsThe results challenge the current notion of working capital investment and reveal that higher working capital has a positive and significant impact on firm performance. Further, it highlights that Indian manufacturing firms suffered financially post-COVID-19 as they significantly lack the working capital to run day-to-day operations.Originality/valueThis research contributes to the scant literature by examining the association between working capital financing and firm performance in light of the COVID-19 pandemic, representing typical developing economies like India.
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In developing countries like Pakistan, mostly the public sector departments give not as much of focus on the performance / capacity building as well as the satisfaction of the employees, the research was conducted to know the influence of the factors perceived on the performance of public sector employees by increasing satisfaction and for this purpose the Civil Defence Department was selected. The study was conducted on the mixed method approach in which both qualitative and quantitative methodologies were adopted to know the responses of the employees of the Civil Defence Department regarding research objectives. Questionnaires, both in open ended and close ended format were distributed among 100 employees of the Civil Defence Department as per the availability of the skeleton staff during COVID-19. The hypotheses were equipped to recognize the significance relationship of variables as well as statistical analysis was applied through SPSS to examine the acceptance or rejection of the hypothesis. Hence, the result instigated that factors perceived in this study have significance influenced on the performance and satisfaction of the public sector employees.
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Bu çalışmanın amacı, Covid-19 salgının Türkiye'de yükseköğretimden istihdama geçiş sürecinde yol açtığı sonuçları tespit edip, değerlendirmektir. Bu kapsamda Türkiye'deki yükseköğretim kurumlarının lisans programlarından Covid-19 öncesi (2019 Aralık) ve bir yıl sonrası (2020 Aralık) tarihleri itibarıyla, son üç yılda mezun olan yaklaşık bir milyon lisans öğrencisinin, eğitim ve istihdam verileri eşleştirilerek analiz edilmiştir. Lisans mezunlarının eğitim aldıkları alanlara göre kayıtlı istihdam oranları, ilk işe girme süreleri ve kazanç durumlarının yanı sıra eğitim alanı ve meslek eşleşme oranları da Covid-19 öncesi ve bir yıl sonrası olmak üzere mukayese edilmiştir. Yükseköğretim bölümlerinin sınıflandırılması Uluslararası Standart Eğitim Sınıflandırması (ISCED-F) ikinci seviyede yapılırken, meslek sınıflamaları Uluslararası Standart Meslek Kodu (ISCO-08) üçlü seviyede yapılmıştır. Araştırma bulgularına göre Covid-19 sürecinde kayıtlı istihdamın en çok azaldığı alan %11.8 ile Hukuk olurken, artışın en yüksek olduğu alan ise %7.3‘lük artışla Ormancılık olmuştur. Diğer yandan ortalama reel kazancın en çok azaldığı iki alan Hukuk (369 TL) ve Güvenlik hizmetleri (140 TL) olurken, reel kazancın en çok artış gösterdiği iki alan Veterinerlik (429 TL), Matematik ve Ístatistik (401 TL) olmuştur. Bunların yanı sıra, Covid-19 öncesi lisans mezunlarının ilk işe giriş ortalaması 9,0 ay iken, salgın sonrası bu ortalama 7,6 aya kadar düşmüştür. Son olarak, 2019 yılı sonunda eğitim aldığı alanda çalışanların oranı %67,5 iken, bu oran Covid-19 döneminde % 1,6 azalarak %65,9'e gerilemiştir.Alternate :The purpose of this study is to determine and evaluate the consequences of the Covid-19 epidemic in the transition from higher education to employment in Türkiye. In this regard, the education and employment data of approximately one million undergraduate students who graduated in the last three years from the undergraduate programs of higher education institutions in Türkiye, were matched and compared with pre-Covid-19 (December 2019) and one year later (December 2020). The registered employment rates, the search time for a first job, incomes of undergraduate graduates according to their fields of education were compared before Covid-19 and after one year. While the classifications of higher education departments were made at the second level of the International Standard Classification of Education (ISCED-F), the occupational classifications were made at the triple level of the International Standard Occupational Code (ISCO-08). According to the research findings, the area where registered employment decreased the most during the Covid-19 period was Law with 11.8%, while the area with the highest increase was Forestry with an increase of 7.3%. On the other hand, the two fields in which the average real income decreased the most were Law (369 TL) and Security services (140 TL), while the two fields in which the real income increased the most were Veterinary (429 TL), Mathematics and Statistics (401 TL). In addition, while the average months of first job entry for undergraduate graduates before Covid-19 was 9.0 months, this average decreased to 7.6 months after the pandemic. Finally, while the rate of skills match was 67.5% at the end of 2019, this rate decreased by 1.6% and became 65.9% during the Covid-19 period.
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Drawing on Miller and Le Breton-Miller's (2005 & 2022) conceptualization of family firms' priorities (continuity, community, connections, and command) and the organizational psychological capital theory (Luthans and Youssef, 2004), we develop a mediation model of how organizational psychological capital and family firm image affect resilience capability and risk taking (which in turn influence resilience). This model is tested on 200 family-owned small and medium sized (SME) hotels in Turkey. Our study demonstrates that intangible forces can be differentially leveraged to build resilience capability. This in turn strengthens resilience in firms confronting the Covid crisis. This paper further highlights that while the development of capabilities and strategic actions is important in generating firm resilience, the assets that are used to achieve this outcome matter the most. © 2023 Elsevier Ltd
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The number of inbound tourists in Japan has been increasing steadily in recent years. However, due to the COVID-19 pandemic, the number of inbound tourists decreased in 2020. This is particularly worrisome for Japan, as the number of inbound tourists is expected to reach 60 million per year by 2030. In order to help Japan's tourism industry to recover from the pandemic, we propose a method of identifying elements that attract the attention of inbound tourists (focus points) by analyzing reviews on tourist sites. We focus on Hokkaido, a popular area in Japan for tourists from China. Our proposed method extracts high-frequency n-gram patterns from reviews written by Chinese inbound tourists, showing which aspects are mentioned most often. We then use seven types of motivational factors for tourists and principal component analysis to quantify the focus points of each tourist destination. Finally, we estimate the focus points by clustering the n-gram patterns extracted from the tourists' reviews. The results show that our method successfully identifies the features and focus points of each tourist spot.
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Analysing the patterns of inequality in India, this paper argues that those at the bottom of the income pyramid lack the enabling conditions of access to good healthcare and education to break out of the cycle of poverty. Addressing extreme inequalities would require not just the redistribution of wealth but also a transformation in the structure of the economy so that the processes of income generation become more equitable. A beginning in this direction would require a fundamental change in the relationship between labour and capital. Analysing recent legislations to reform labour laws within India, the author observes that while they provided some benefits to the unprivileged working classes, the overall effect has been to weaken labour unions and relax labour laws making it easier for them to be exploited. Enduring change will require new development models based on strong normative frameworks for ensuring equity and sustainability. © The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2023.