European Journal of Business and Management Research

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EISSN : 2507-1076
Published by: European Open Science (10.24018)
Total articles ≅ 836
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Pristiyani Solikhah, Dewi Nusraningrum
European Journal of Business and Management Research, Volume 7, pp 9-14; https://doi.org/10.24018/ejbmr.2022.7.5.1612

Abstract:
The effectiveness of production equipment is very important to pay attention to maintain competition, coupling pipe threading process there has been an imbalance in the threading process time resulting in decreased output due to the number of rejected products which is decreasing in production capacity. To overcome the problem, the data was processed using mixed methods with a sequential explanatory approach, and the overall equipment effectiveness measurement method to analyze the calculation of availability, performance, and quality rate. To determine the root cause of the problem using fishbone diagram analysis and six big losses. The results of the study stated that the overall equipment effectiveness was below the world-class standard, which was below 85% with a difference of 49.74% being the factor causing the failure to achieve the coupling pipe production capacity. The low overall equipment effectiveness is influenced by the engine performance which is a total average of 42.61%, due to failed products and reworked products and the breakdown time for 460 minutes impacting in losses on the engine productivity. These findings pursue the company to monitor, and implement the overall machine effectiveness system to optimize the capacity production.
Gbenga Ekundayo, Ndubuisi Jeffery Jamani
European Journal of Business and Management Research, Volume 7, pp 54-62; https://doi.org/10.24018/ejbmr.2022.7.5.1604

Abstract:
The overriding objective of the study is to empirically examine if outliers and asymptotic properties of estimators matter in the estimation of audit delay determinants. The study employed the ex-post causal research design and focuses on a sample of ten (10) listed oil and gas firms in Nigeria. Secondary data from the content analysis of annual reports spanning the period 2010-2019 was used for the study. The study investigates if outliers and asymptotic properties matter in estimation outcomes comparing the following estimators; the standard OLS, Bootstrapped OLS and Robust estimators. The outcome of the study revealed that the robust estimator yields results that are significantly different from those of both the OLS and Bootstrapped OLS estimations. This suggests that the failure to address outliers in standard OLS estimations can significantly bias the estimation outcome and may be responsible for the myriad of inconclusive outcomes observed in the extant academic literature. Hence, the study confirms that in the estimation of determinants of audit delay, the considerations of outliers indeed constitute a significant statistical consideration for researchers and even more germane than asymptotic concerns.
Yanira Ayu Nani, Anak Agung Istri Ngurah Marhaeni
European Journal of Business and Management Research, Volume 7, pp 4-8; https://doi.org/10.24018/ejbmr.2022.7.5.1575

Abstract:
The people who work in Micro, Small and Medium Enterprise (MSME) with high financial literacy could increase the value of products and service MSME provides which affected their own businesses. This research tries to analyze the financial literacy of people who work in MSME in Kediri Regency based on simultaneous and partial influence from variables such as education level, income, length of business, age, and gender against the level of financial literacy The population is taken from every SME worker in Kediri Regency with sample of 99 respondents. The result suggests that the financial literacy of MSME workers in Kediri Regency is considered medium level. The variables such as education level, income, length of business, age, gender simultaneously influence the financial literacy MSME worker in Kediri Regency in a significant way. Those variables have a significant and positive impact on the financial literacy SME worker in Kediri Regency. Male MSME workers have higher financial literacy compared to females.
Surya Fitriadi, Bambang S. Marsoem
European Journal of Business and Management Research, Volume 7, pp 39-44; https://doi.org/10.24018/ejbmr.2022.7.5.1627

Abstract:
The volume of corporate bond issuance in Indonesia has fluctuated from 2015-2020 following the economic developments. The Covid 19 pandemic in 2020 caused declining in companies issuing bonds. The pandemic led a big impact on the bond market. Low key interest rates decrease the return obtained in bond investment. The economic slowdown has pushed the central bank of Indonesia cut the key rates from 5% to 3.75% in 2020. The lower key rates will cause an increase in bank loans then the government can control economic growth and inflation rate. Partially, the study aims to analyze the effect of the current ratio, debt to equity, return on assets, total assets, and maturity on the yield to maturity of bonds traded on the Indonesia Stock Exchange (IDX) in 2020. Quantitative methods with an associative approach are used as research methods. 302 corporate bonds issued by 69 companies took into a sample in this study. The sampling method used purposive judgment sampling. Data analysis of the proposed hypothesis used the multiple linear regression method by using the SPSS version 24 program. The research found that there was a significant effect among the return on assets, total assets, and maturity variables on the bond’s yield. However, the current ratio and debt to equity variables were found to have no effect on the yield to maturity of all corporate bonds traded on the IDX in 2020.
Komang Oki Ananda Saputra Ardita, I Gusti Made Suwandana
European Journal of Business and Management Research, Volume 7, pp 15-18; https://doi.org/10.24018/ejbmr.2022.7.5.1618

Abstract:
The purpose of this study is to explain the effect of job stress on employee performance through motivation as a mediation. This research was conducted at Puri Raharja General Hospital. The number of samples used in this study were 66 people using the saturated sample method. Data was collected using a survey approach, where the research instrument used was a questionnaire. The collected data was then analyzed using path analysis techniques. In this study, the theory used is Attribution Theory. The results of this study indicate that Job stress has a negative and significant effect on employee performance at the Puri Raharja General Hospital. Job stress has a negative and significant effect on motivation at Puri Raharja General Hospital. Motivation has a positive and significant effect on employee performance at Puri Raharja General Hospital. Motivation is able to mediate the effect of job stress on the performance of Puri Raharja General Hospital employees.
Daniel Pangondian, Hakiman Thamrin, Moh Komarudin
European Journal of Business and Management Research, Volume 7, pp 1-3; https://doi.org/10.24018/ejbmr.2022.7.5.1147

Abstract:
The capital market is one of today's economic instruments that experience very rapid development. One measure of the performance of the capital market is the stock index. There are many factors that can affect the Stock Index, including domestic interest rates, foreign exchange rates, international economic conditions, a country's economic cycle, inflation rates, tax regulations, and the amount of money in circulation (Samsul, M., 2008). During the observation period from 2016 to 2019, there was a phenomenon where the relationship between macroeconomic variables and JCI movements did not match the theory. This is supported by the gap in the results of previous studies. The purpose of this study is to analyze the impact of the SBI interest rate, world oil prices, world gold prices, the rupiah exchange rate, the Nikkei 225 Index, and the Dow Jones Index on the JCI. The analytical method used in this study is the multiple regression analysis methods performed with SPSS 16. One of the requirements to perform the multiple analysis test is the classical assumption test. This is necessary so that the resulting regression equation is BLUE (Best, Linear, Unbiased, Estimator). In addition, to assess the goodness of fit of a model, the coefficient of determination test, F-test, and t-test are carried out. This study uses monthly data from 2016 until 2020 for each research variable. The results of this study indicate that the SBI Interest Rate and the Rupiah Exchange rate have a negative effect on the JCI. Meanwhile, the variables of World Oil Price, World Gold Price, Nikkei 225 Index, and Dow Jones Index have a positive effect on the JCI. In addition, it is found that the adjusted square value is 96.1%. It means that 96.1% of the JCI movement can be predicted from the movement of the seven independent variables.
Dyah A. Saptarini, Yunieta A. Nainggolan
European Journal of Business and Management Research, Volume 7, pp 45-53; https://doi.org/10.24018/ejbmr.2022.7.5.1629

Abstract:
The oil and gas industry and risks are very related to each other. There are several risks known in this industry, from economic risks, political risks, environmental and safety risks, up to geological risks itself. Because oil and gas are a non-renewable source of energy, the more mature an oil and gas field is, the risks for the company to develop a project investment may be lower and higher at the same time. Entering its declining phase, PT MNO who is trusted to operate an ex-termination oil and gas field in East Kalimantan which has been producing for almost 50 years, is required to find a way to survive until end of contract in 2037 by developing the remaining hydrocarbon resources which become more and more marginal. The project development is proposed as a bundling to allow flexibility during execution phase in selecting the well candidates based on recent data acquired from previous wells drilled, hence reducing the risks. Field Development Package (FDP) 2.3 is prepared as part of PT MNO long term plan and commitment after receiving incentive from Government of Indonesia in 2021. According to the Company Guideline, a risk register is mandatory to be developed since beginning of project which covers risks identification, risks analysis, and risks evaluation. The project team is also responsible to define risks treatment to manage the risks borne by the project. This is in line with the requirement for Good Corporate Governance, where risk management is introduced since beginning of the project life-cycle. This study covers the risk assessment on the basis of selected project scope which has been validated technically. The risk assessment will determine the major risks in FDP 2.3 considering available historical data of oil price, drilling cost realization, and facility cost realization. These risks need to be monitored to ensure the FDP 2.3 will create value for the shareholder as per plan or avoid loss at the minimum. The most important risks concluded in this study is oil price lower than economic assumption, production target not achieved, and no fix gas sales contract to absorb production. The company may focus in these risks for the risk management of future project development.
Zubaidur Rahman, Johurul Islam, Sayda Mahmuda, Md. Elias Hossain
European Journal of Business and Management Research, Volume 7, pp 30-38; https://doi.org/10.24018/ejbmr.2022.7.5.1593

Abstract:
Modern agriculture is expensive as performing agricultural activities nowadays requires huge investment. But some farmers do not have sufficient money to purchase and use such modern inputs like power tiller, harvester, deep-tube wells, fertilizers and pesticides in many cases. In Bangladesh, farmers are always found to face difficulties in access to credit services from both formal and informal service providers. As a result, their productivity and growth are impeded by a lack of access to agricultural loans. To investigate this phenomenon, this study aims to analyze the scenario of formal credit sources and to identify the factors that influence the access for farmers to formal credit market in Naogaon district. Primary data used for the study were collected with the aid of well-structured questionnaire from farmers and bank officials. Multi-stage sampling techniques were used to select the 200 respondents. The data were analyzed using descriptive statistics and a binary logistic regression model. The Likert scale was used to identify constraints regarding to credit acquisition from formal credit market. The results of the descriptive analysis showed that 6% farmers failed to repay their loan while 94% timely repay their loan. In terms of purpose of using agricultural credit, it is evident that 68% farmers use agricultural credit for managing their agricultural expenses while 17% respondents use loan for the purpose of paid their previous loan. In addition, 10% respondents use loans for the purpose of maintain their family expenses. Results found from the binary logit model indicate that farm size, education, farming experience, access to extension service, access to guarantor, own savings account are positively related with the log of odd ratio in favor of access to formal credit market while the same is influenced negatively by age, off-farm income and default on loan repayment. The farmers in the study area have recognized collateral security as the major constraint relating access to formal credit market followed by the lack of guarantor and bureaucratic complexity. It was recommended that the socioeconomic characteristics of farmers should be considered when formulating and implementing policies to improve farmers’ access to agricultural loans.
Abdul Rahaman Abdul-Aziz, Alhassan Abdul Latif, Isaac Owusu-Ansah, Mary Agyeiwaa
European Journal of Business and Management Research, Volume 7, pp 85-91; https://doi.org/10.24018/ejbmr.2022.7.5.1630

Abstract:
Taxes consist of direct or indirect taxes and may be paid in money or as its labour equivalent. Taxes are mostly difficult to take from the informal sector since individuals must honour them through self-payment. Due to this, some individuals and cooperate bodies fails to pay voluntarily thereby evading tax. Thus, this paper sought to assess the key determinants of tax evasion and its effect on the Ghanaian economy based on evidence from Sunyani Municipality. The study therefore employed primary source of data collection. Cluster sampling technique was first utilized to group the respondents and subsequently applied systematic random sampling to select the final sample of 250 respondents. The results indicated that nine key determinants of tax evasion were identified. These include waste and corruption by government, complex tax system, high tax burden, compromised tax agents, inadequate tax education, non-consideration of taxpayers’ view, lesser punishment for tax evaders, owners’ unawareness to pay tax and the notion of only the rich pays tax. However, seven of these tax evasion determinants were significantly affecting or influencing the Ghanaian economy whereas the remaining two determinants of tax evasion were found not to contribute significantly, in terms of effect, on the economy. Also, the finding shows that tax evasion does not really depend on the type of business engaged in by SME owners.
Antonio Raimundo Amorin Da Silva, Gabriela De Mattos Veroneze, Marcelo Albuquerque De Oliveira, Jordania Louse Silva Alves
European Journal of Business and Management Research, Volume 7, pp 225-230; https://doi.org/10.24018/ejbmr.2022.7.4.1534

Abstract:
This research aims to analyze a process management model with the purpose of improving organizational efficiency in a Human Resources Sector of a Federal Autarchy. The methodology uses the BPMN (Business Process Modeling Notation) and the Bizagi Modeler. The goal is to obtain process models through BPM (Business Process Management) using PDCA, an effective tool for solving problems whose methodology is a simple way to plan, put into practice, control, and act on failures, and can be used for maintenance and improvement of the control guidelines of a process. This study can be classified as applied research, in terms of nature, exploratory in terms of its objectives, quantitative in terms of its approach. As a result, the modeling of three processes was done and used as a reference for future studies in the same sector. The results were satisfactory, and some improvements should be implemented.
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