The Journal of Management Theory and Practice (JMTP)

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EISSN : 2716-7089
Total articles ≅ 78
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Wan Noor Ezureen Wan Mohd Zawawi, Fauzilah Salleh, Ahmad Firdause Md Fadzil
The Journal of Management Theory and Practice (JMTP), Volume 3, pp 20-27; https://doi.org/10.37231/jmtp.2022.3.1.179

Abstract:
Takaful salespersons are prominent actors in the Takaful industry, whereby most Takaful operators necessitate salespersons to represent them by promoting the products and services to the society. Indisputable, a prompt number of researches regarding Takaful is mounting in the recent decades. Hence, this study obtained a phenomenon of Takaful salespeople with a comprehensive overview to close the gaps in conceptualization and theoretical viewpoint. The researcher discoursed a systematic review of 1660 papers covered from year 2011 to 2021 in different disciplines to better understand the comprehensive Takaful salespersons' phenomenon. This study will contribute to fostering the corpus of knowledge among scholars, academician and practitioners to fathom regarding Takaful conceptualization. Regardless of the established theories, a multidimensional theoretical perspective must be clarified to develop a systematic model for Takaful salespeople. Thus, the future path is advised to capitalize on the potential in this field of study.
Mohona Biswas, Zahurul Alam
The Journal of Management Theory and Practice (JMTP), Volume 3, pp 13-19; https://doi.org/10.37231/jmtp.2022.3.1.178

Abstract:
Emotional intelligence may be a powerful motivator of group cohesion in an organization as emotional intelligence could foster group performance through extending group cohesion. Present examination strives to recognize the associations among the dimensions of emotional intelligence and group cohesion. The convenience sampling technique was embraced to obtain data from respondents performing in different organizations like merchandising, manufacturing, financial, services, and others in Bangladesh through survey questionnaires. We employed an Emotional Quotient Index and a Group Cohesiveness Scale for assessing representatives' emotional intelligence and group cohesion respectively. Finally, 412 usable reactions were recognized which were subsequently investigated through descriptive statistics, Pearson correlation, and regression analysis. The outcomes uncovered that each dimension of emotional intelligence was positively link to group cohesion (self-awareness (r=.57, p<.001) (moderate correlation), self-regulation (r=.70, p<.001) (strong correlation), motivation (r =.67, p<.001) (strong correlation), empathy (r =.68, p< .001) (strong correlation), and social skills (r =.64, p<.001) (strong correlation). Regression analysis additionally unveiled that all parts of emotional intelligence explained 52% of variances in group cohesiveness. These exclusive findings will stimulate researchers, business experts, and employees of different organizations to install emotional impotence to encourage group cohesion among group members, thereby, contributing to superior group performance in the work environment. The constraint of our investigation was the usage of the purposive sampling technique rather than random sampling. Besides, future research directions are talked about in this exploration.
Mohammad Rifat Rahman, Mufidur Rahman, Athkia Subat
The Journal of Management Theory and Practice (JMTP), Volume 3, pp 1-12; https://doi.org/10.37231/jmtp.2022.3.1.167

Abstract:
This paper aims to investigate the Mutual Fund industry's performance in Bangladesh, considering the close-end mutual funds of 32 listed funds in the Dhaka Stock Exchange, Bangladesh. The study employed unbalanced panel data analysis throughout 2014 to 2019. By using an error-corrected panel data regression model with an attempt to investigate the performance of mutual funds considering several fundamental factors such as Return on Assets, Earning per unit, Fund Size, Fund Age, Dividend payout ratio, Net Asset Growth and Management Fees, etc. After correcting autoregressive disturbance, the RE GLS regression model is selected to describe this panel data analysis. It demonstrates a significant positive connection between earning per unit and return on assets. The study identifies a significant negative relationship with fund age and asset growth in response to the change of return on assets. It also concludes there is no significant predictive power among the fund size, dividend payout ratio, management fees with return on assets while defining mutual fund performance. The study fills the gap by investigating the significant relationship of these following variables with the fundamental performance indicator. Findings of the empirical analysis suggest that the investors should pay close attention to earnings, fund age and assets growth while selecting mutual funds for investment. It is noticed that the company generally tends to pay lower dividend when the performance and profitability starts decrease. Policy makers should also pay attention to defining the downward characteristics of asset growth and dividend payout compared to the basic profitability ratios.
Kuah Yoke Chin, Wei Chooi Yi, Nurul Afidah Mohamad Yusof, Zuriawati Zakaria, Zam Zuriyati Mohamad
The Journal of Management Theory and Practice (JMTP) pp 97-101; https://doi.org/10.37231/jmtp.2021.2.4.161

Abstract:
The growth of unclaimed inheritance in Malaysia is an issue since the independence of Malaysia. Inheritance planning or Estate planning can be defined as the process of determining how one’s property should be distributed to meet the deceased’ wish. There are two popular estate planning instruments namely will and trust. This study aims to explore the differences of will and trust as part of estate planning instruments. The concept of will and trust, as well as the comparison and barriers of estate planning have been discussed in depth. This study will provide more insights to people for better-informed decision in their estate-planning arrangements by understanding the key differences between these two estate planning instruments.
Noris Fatilla Ismail, Suraya Ismail
The Journal of Management Theory and Practice (JMTP) pp 110-115; https://doi.org/10.37231/jmtp.2021.2.4.184

Abstract:
Foreign direct investment (FDI) inflows are a major instrument of economic growth in developing countries. Indonesia is one of the developing countries that has received more FDI with macroeconomic stability. The macroeconomic stability indicator is seen as an important factor in driving economic growth and attracting FDI inflows in Indonesia. Therefore, this study examines the relationship of selected macroeconomic variables toward the FDI in Indonesia over the period 1980-2019. Using Autoregressive Distributed Lag (ARDL), the empirical results showed that market size, domestic investment, government spending and foreign exchange rate are key factors influencing long-run FDI inflows. However, financial development revealed no relationship with FDI inflows in Indonesia. Overall findings indicated that macroeconomic variables influence FDI inflows. These findings guided policymakers in formulating new policies to ensure macroeconomic indicators' stability in driving economic growth.
Soo Hoo Pin Lick, Hassan Abu Bakar
The Journal of Management Theory and Practice (JMTP) pp 116-121; https://doi.org/10.37231/jmtp.2021.2.4.162

Abstract:
As the world is getting more globalized due to digital world, cross-cultural business negotiation is getting more in demand and challenging compared to those days where most business involved mostly in domestic business negotiations. With such situations and environments, cultural intelligence is important to be learned. As many Chinese and Malaysian companies seeking the role as importer-exporter, international business negotiation skills and cultural awareness are much needed skills to meet the interaction goals of both parties. A lack of cultural awareness will lead to miscommunication and rejection from the other party during negotiations. The participants in this studies involve Chinese and Malaysians who are involved in real negotiation world. This paper used GLOBE model to compare the cultural dimensions between Malaysians and Chinese business negotiators. Questionnaires were sent by emails and through WeChat Apps to the participants who are based in China and Malaysia. Based on analysis, we found that between Chinese and Malaysian business negotiators, cultural norms influence the interaction goals between the two groups. As to the future research, we suggest that future research be directed towards developing theories and also focus on the application of GLOBE model in different research fields across different cultures, such as halal business management, digital marketing and business entrepreneurship. This study has contributed in enriching the knowledge on international business negotiations between Malaysia and China business literature context. On practical implication, this study has strengthen the negotiators’ knowledge on cultural norms of both Malaysians and Chinese in order to build better relationships with their business partners
Irene Chew, Vincent Wee Eng Kim
The Journal of Management Theory and Practice (JMTP) pp 56-73; https://doi.org/10.37231/jmtp.2021.2.4.156

Abstract:
The initial appearance of Covid-19 has changed the lives of billions of people in the world and has disrupted consumers purchasing behavior whether online or offline shopping. The internet has given consumer empowerment where online shopping has been adopted by consumers globally. Customers can stay at home and shop with payment and get home delivery. This research aims to examine the factors impacting consumer online purchasing behavior in the retail business environment during Covid-19 in Klang Valley. This study focuses on five variables which are attitude, trustworthiness, security and safety, loyalty and marketing information and how these variables impact consumer online purchasing behavior during crisis period utilizing the Reasoned Action Approach Theory and Technology Acceptance Model Theory. The proposed research is designed based on quantitative model utilizing a questionnaire survey with a sample size of 405 online respondents. The result can provide knowledge about consumer online purchasing behavior and all five variables are supporting the research findings especially marketing information on the website topping the list of the variables. Managerial and theoretical implications are important for businesses to adopt online channels and expand globally using the available technology especially social media channels. The research presents several considerations towards consumer online purchasing behavior and future research should study other variables using different methodologies such as exploratory nature with interviews to understand the consumer behavior as consumer behave differently in different circumstances during pandemic.
Umme Kulsum Dipa, Nishat Taslin Mohona, Jayashree Dey
The Journal of Management Theory and Practice (JMTP) pp 102-109; https://doi.org/10.37231/jmtp.2021.2.4.142

Abstract:
Employees are the heart of an organization as they are the weapons that propel the organization towards its goal. However, to superintend and build them as competent, committed in the long run, it is challenging to experience supportive communication, fair bonding, and more clarity regarding the organization's goal and responsibility. Thus, this research intends to examine the impact of training & development and communication on organizational commitment based on the private bank employees of Bangladesh, especially on the Chattogram division.Through simple random sampling method, the questionnaire was sent to 200 bank employees and a total of 153 responses were perfectly derived as the sample size (Krejcie & Morgan, 1970). The study is analyzed through quantitative analysis and were tested in the statistical software SPSS (version 22). The findings show the significant relationship of training & development and communication that are positively related to organizational commitment. The study suggests that commercial banks should introduce proper training & development measurements that will clarify work activities, objectives, and a supportive communication system that can defend critical issues and relationships in the organization.
Ibraheem Alani AbdulKareem, Moses Elaigwu, Ahmodu-Tijani Ismail Shola
The Journal of Management Theory and Practice (JMTP) pp 89-96; https://doi.org/10.37231/jmtp.2021.2.4.160

Abstract:
The Nigerian business environment is currently beclouded with various kinds of risks, fear, and uncertainty that culminate into the collapsing of so many businesses and the relocation of several multinational and local firms to other countries. The business and the environment are in a social contract that leaves them with both opportunities and threats hence the business cannot take place in a vacuum. The interconnectivity between businesses and their environment is that of mutuality. Mutual in the sense that the business influences its environment and the environment as well guarantees the legitimacy of the business considering the interest of all relevant stakeholders. That is, a business is influenced by its environment of operation such that its success depends on the ability to adapt to its immediate and entire environment to make the environment of businesses favorable. Therefore, the objective of this study is to explore conceptually the Nigerian Business Environment (NBE) considering the roles of risk management, sustainability disclosure practices, and Islamic finance. The method adopted by the study is the review of past investigations to gain insight into the NBE. Based on the insight from extant literature and in consonance with assumptions of legitimacy theory, the study concludes that risk management, sustainability disclosure practices, and Islamic finance promote the NBE. The study added to existing literature looking at the NBE from the present perspective (i.e. risk management, sustainability disclosure practices and Islamic finance). The study has implications for the government and policy-makers, companies, the business community, and other stakeholders in terms of creating a conducive business environment in Nigeria through the provision of infrastructure, effective corporate governance mechanisms, good stakeholder management.
Hooi Kun Lee, Gary Tan Peng Liang
The Journal of Management Theory and Practice (JMTP) pp 74-81; https://doi.org/10.37231/jmtp.2021.2.4.158

Abstract:
The word "corporate entrepreneurship" refers to entrepreneurial activity within the organization. Corporate entrepreneurship is valuable to the degree that it is used as a tactic to engage in a continuous process of entrepreneurial actions to obtain a strategic edge. In today's competitive economy, a lack of entrepreneurial behavior can be a blueprint for failure. With that in mind, this research, through an examination of the literature and quantitative empirical analysis, focused on the relationships between corporate's internal elements and the context of corporate entrepreneurship in the accounting profession. Furthermore, the study also determines the most crucial corporate's internal element that impacting corporate entrepreneurship in the accounting profession. All criteria were met to ensure that the research was conducted according to ethical research principles. Data was collected using a structured questionnaire selected from Corporate Entrepreneurship Assessment Instrument (CEAI) 48 Likert-style, where 553 respondents from the accounting profession participate in the survey. The study found that positive and significant relationships exist between all corporate's internal elements: organization structure, rewards and recognition policies, time and resources available, management support, and organizational culture. This study provides guidance and insight to the accounting profession into fostering entrepreneurial success and the impact of the five corporate's internal elements in achieving sustainability and a competitive edge. It is recommended that further research be undertaken to examine the interaction between external factors which have a certain degree of effect. More precisely, the models should examine the relationship between internal and external factors which have the most significant influence in the sense of corporate entrepreneurship.
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